Backup-as-a-service Market Segmentation, Demand, and Growth Assessment
Rise in technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near future. Surge in data recovery options and the need for cloud-based backup-as-a-service enhances the market growth in the near future. The global backup-as-a-service market is expected to grow at a CAGR of 27.04% during the forecast period. Business processes are being more digitized and data is growing rapidly across a wide range of sources from desktop to cloud. Due to rapid adoption of cloud computing and SaaS, data size has almost quadrupled since the last decade. Decentralization has become a major challenge in protecting information within a ready accessible format while maintaining a regulatory compliance.
Backup-as-a-service (BaaS) is an upcoming technology that enables a broad range of application and data sources ensuring backup service and data regulatory compliance. Backup-as-a-service market is driven by increase in computing services, computing infrastructure and rise in public-private partnership models in the digital space. Rise in technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near future. Surge in data recovery options and the need for cloud-based backup-as-a-service enhances the market growth in the near future.
By deployment model, market is segmented as public cloud, private cloud and hybrid cloud. Private cloud deployment category is likely to dominate the market growth during the forecast period. By organization size, market is segmented as small enterprises, medium enterprises and large enterprises. End-user segmentation for backup-as-a-service market includes healthcare, research & development, media & entertainment, government and public sectors, banking, financial and insurance sectors.
Geographically, market is segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Asia-Pacific regions dominate the market growth during the forecast period due to rise in data services and emergence of data models. Rising focus of organizations to offer better customer support and experience & technology to have competitive advantage is likely to sustain the market growth during the forecast period.
Asia-Pacific backup-as-a-service market registers a higher growth during the estimated period because of rise in data & telecommunication sector and rise of IT service providers in the region. Organizational focus on customer experience and technological advantage is likely to propel the market growth.
The key players in the backup-as-a-service market report are Commvault, Symantec, IBM Corporation, Acronis, Dell EMC, Amazon Web Services, Backblaze, Cisco Systems, Fujitsu, CA Technologies, Datalink Corporation and Intronis.
Firma: Million Insights
Ansprechpartner: Tom Clark
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