Market outlook of the backup as a service market
Technavio’s research analyst predicts the global backup as a service market to grow at a CAGR of around 27% during the forecast period. The high cost of deploying disaster recovery on premises is one of the primary growth drivers for this market. Infrastructure related to disaster recovery needs considerable upfront investment and continuous investment in hardware and networks. Many SMEs fail to implement disaster recovery solutions in their system due to high implementation cost. They instead opt for the annual subscription model of backup as a service.
Outsourcing of backup services is a major concern for businesses as it creates a dependency on service provider’s data center performance, which can hamper the business continuity. Compliance issue, improper encryption of data, and wide geographical spread are some of the other issues faced by the enterprise clients.
Product segmentation and analysis of the backup as a service market
- Online backup
- Cloud storage
During 2015, the online backup segment dominated the market. Online backup is mostly used by large data sets. It is usually built in vendor premises, and unlike cloud storage, online backup provides large data capacities.
Geographical segmentation and analysis of the backup as a service market
- APAC
- EMEA
- North America
- ROW
North America led the global backup as a service market with a share of almost 42%. Organizations in North America are opting for the annual subscription of backup as a service from leading as well as niche players to protect business data and customer information. With the rising adoption of RaaS (Recovery as a Service) in this region, the backup as a service market has gained traction among cloud service providers that manage the replication of virtual machines and produce data in vendor's cloud to support the recovery process.
Competitive landscape and key vendors
With a large number of providers, backup-as-service has emerged as one of the fastest growing segments of the cloud market. The major vendors are retaining their regional dominance. Dell and CommonVault lead the market in North America while Symantec and IBM hold strong positions in EMEA and APAC.
The leading vendors in the market are -
- CommonVault
- Dell
- IBM
- Symantec
Other prominent vendors in the market include Skyvia, Google, SugarSyn, Amazon Web Service, CA Technology, Zetta.ne, Rackspace, Introni, Microsoft, Hexistor Symform, Asigra, Acronis, Datalink, ITC Infotech, Nasuni, Quantum, Carbonite, Fujitsu, iDrive, Backblaze, Seagate, Iron Mountain, Proact, Sungard, and Mozy (EMC).
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global backup as a service market?
- What are the key market trends impacting the growth of the backup as a service market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global backup as a service market?
- Trending factors influencing the market shares of APAC, EMEA, North America, and the ROW?
- What are the key outcomes of the five forces analysis of the backup as a service market?
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