Data Backup and Recovery Market Dominated by Key Players – Oracle, IBM, Dell, Acronis, CA Technologies, HPE, Microsoft & Commvault

Data Backup and Recovery Market

Data backup and recovery can be defined as the process of backing up and copying of files to protect the database and system settings against any data loss or disaster. It helps to restore all of a system’s data and settings by backing up the data with the help of various operations, such as restoring, rolling forward, and rolling back a backup. Also, the backup and restore process involves a point-in-time snapshot that is used to return data to its previous state to restore the earlier stored data. Data backup and recovery has various applications, such as email backup, application backup, and media storage backup.

The global Data Backup and Recovery Market size expected to grow from USD 7.13 billion in 2017 to USD 11.59 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Major drivers of the data backup and recovery market include growing volumes of data, need for data security and privacy, and adoption of cloud data backup.

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Cloud data backup enables enterprises to manage the data from anywhere using the internet. It has the feature which enables continuous and automatic backup to the cloud making it easy to manage huge volumes of data. Also, cloud enables improved security and reduced costs, which is further driving the market for cloud data backup solutions. Increasing adoption of cloud data backup is expected to boost the adoption of data backup and recovery solutions to secure and backup the data systems.

Education is expected to be the fastest growing vertical in the data backup and recovery market during the forecast period.

With the advent of e-learning and online exam practices, the amount of data being generated in the education vertical is huge and is very crucial. With such large volumes of data, there arises the need to back it up to ensure the smooth operational functioning of education institutions. The education vertical relies on on-demand applications for business operations, from student and office staff records to research and content, to administrative information and other important data. Data backup and recovery software and associated services play a vital role in the education vertical, as these software and associated services are instrumental in protecting, storing, and restoring crucial student database and education data from cyber thefts.

Data retention software segment is expected to grow at the highest CAGR during the forecast period.

Data retention is the continuous storage of enterprise data for compliance. Enterprises retain their data to comply with state and federal regulations and to enhance their ability to recover business-critical data in case of data loss or any disaster. Data retention is carried out using 2 tiers of storage. Active storage tier is a group of storage shelves used for backup and recovery, and retention storage tier, where backup data is internally migrated. Backup data is stored to the active tier, and it automatically moves to the retention tier. It incorporates improved manageability and compression to provide long-term data backup.Speak to Research Expert @