Backup and Disaster Recovery Appliance Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Report Code: ESR 0445 Report Format: PDF + Excel

Backup and Disaster Recovery Market Overview

Backup and Disaster Recovery Market size is analyzed to grow at a CAGR of 10.2% during the forecast 2024-2030 to reach $22 billion by 2030. Backup and Disaster Recovery is the process of backing up data in case of loss and establishing secure systems that allow to recover data as a result. Organizations should strive to make backup management as simple as possible in order to ensure that recovery is a reliable process. A database management system (DBMS) is a software that allows users to conveniently manage databases. It enables users to view and interact with the database's underlying data. The increased threat of security breaches, combined with the growing trend toward digitization, will drive market expansion. Furthermore, widespread adoption of smartphones and the internet will have a beneficial impact on market growth.
 
A major trend in the Backup and Disaster Recovery market is AI automation. Software vendors across industries are scrambling to add AI capabilities to their products, and backup is no exception. One possibility is that AI will help IT pros discover gaps in protection and ways to better protect data. Another possibility is that AI will aid in ransomware recovery. Another major trend is the application of zero-trust initiatives. Zero Trust Data Backup refers to a data protection approach that implements the principles of Zero Trust Security. It aims to prevent unauthorized access to backup data, ensuring its integrity.

Report Coverage

The report: “Backup and Disaster Recovery Industry Outlook – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Backup and Disaster Recovery industry.
 
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By Component: Software and Services
By Deployment Type: On-Premise and Cloud.
By Organization Size: Large enterprise, Small and Medium Enterprise.
By Vertical: BFSI, Manufacturing, IT & Telecommunication, Media and Entertainment, Healthcare, Retail, Education, and Other. Industries.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • The Cloud segment is expected to grow at the fastest CAGR during the forecast period. Cloud solutions help to reduce downtime in the event of a data loss and make it easier to locate data. It also provides enhanced scalability by making it simple to increase the storage limit.
  • During the projected period, North America is expected to account for the largest market share of 35% in the Backup and Disaster Recovery market. Government initiatives and regulatory rules, such as the Payment Card Industry Data Security Standard (PCI DSS) and Sarbanes-Oxley (SOX), are promoting the usage of Backup and Disaster Recovery software and related services in the region.
  • The growing usage of cloud technology among small and medium-sized businesses opens up a wide variety of potential for the global Backup and Disaster Recovery Market.
  • Backup and Disaster Recovery solutions are available in a variety of customised software formats and as a service, which is commonly referred to as Backup-as-a-Services (BaaS). The requirement for dependable Backup and Disaster Recovery software solutions will have an impact on digital transformation and data protection across industries.

Backup and Disaster Recovery Market Segment Analysis – By Deployment Type

The Cloud segment is expected to grow at a fastest CAGR during the forecast period. As per Flexera’s 2022 State of the Cloud Report, Developers and software engineers at growing businesses and startups are embracing cloud computing at an exponential rate with more than 60% of SME data now residing in the public cloud. The sheer volume of data and the velocity at which it’s being generated makes it increasingly vital for businesses to bolster their data protection strategy. Cloud solutions help to reduce downtime in the event of a data loss and make it easier to locate data. It also provides enhanced scalability by making it simple to increase the storage limit. The pay-as-you-go concept aids in the cost-effectiveness of companies of all sizes. Cloud-based deployment is preferred by SMEs since it is cost effective and simple to use. In recent years, cloud services have seen a fast increase in their expansion across a variety of businesses.  Companies can save money by using data backup. It connects smoothly with existing infrastructure and does not necessitate the purchase of new equipment. When the backup is finished, the encrypted files are sent to an offshore data centre. This entire procedure makes use of cloud technologies without incurring any additional costs. To safeguard the data from further security breaches, each piece of data is encrypted before being transported to the offsite data centre. 

Backup and Disaster Recovery Market Segment Analysis – By Vertical

The Education segment is expected to grow at the fastest CAGR during the forecast period. Educational institutions have a unique mix of data security and business continuity requirements, owing to limited finances and the need to secure a high number of devices and users. With the introduction of e-learning and online exam preparation, the amount of data created is massive and critical. With such vast amounts of data, there is a need to back it up in order for educational institutions to function smoothly. For commercial operations, the education vertical relies on on-demand applications, which include everything from student and office staff records to research and content, administrative information, and other critical data. Furthermore, it recognises the special needs of the education sector and has created a platform that offers the greatest combination of local, virtual, and cloud solutions. 

Backup and Disaster Recovery Market Share Segment Analysis - Geography

During the projected period, North America is expected to account for the largest market share of 35% in the Backup and Disaster Recovery market. Government initiatives and regulatory rules, such as the Payment Card Industry Data Security Standard (PCI DSS) and Sarbanes-Oxley (SOX), are promoting the usage of Backup and Disaster Recovery software and related services in the region. Furthermore, North America is seeing an increase in the use of cloud computing in conjunction with IoT to handle the vast amount of data generated by smart devices. These innovations are increasing the use of Backup and Disaster Recovery solutions in North America. The data centre market in the region has grown steadily as the number of SMEs has increased. Furthermore, due to the exponential development in data generation volume, a data shift from private servers to cloud networks has been noticed. This growth necessitates durable and dependable backup and recovery solutions, as service disruptions result in substantial losses for service providers. 

Backup and Disaster Recovery Market Drivers

Backup-as-a-Services (BaaS)

Backup and Disaster Recovery solutions are available in a variety of customised software formats and as a service, which is commonly referred to as Backup-as-a-Services (BaaS). The requirement for dependable Backup and Disaster Recovery software solutions will have an impact on digital transformation and data protection across industries. Backup as a Service (BaaS) links systems to a third-party supplier of private, public, or hybrid cloud services. Instead of using a centralised, on-premise solution, this is how backups are done. Organizations may decide to employ a BaaS solution over a costly upgrade if they have outgrown their legacy storage backup, or if they lack the resources for an on-premise backup. This makes it easier for IT to obtain files and information for end users. It also allows for rapid data restoration when operating systems fail. Companies desire a solution that gives a single location to retrieve data if employees lose files from operating systems. In October 2023, Veeam Software announced two new offerings which combine the confidence and reliability of Veeam’s backup and restore capabilities with the ease-of-use of Backup-as-a-Service (BaaS). Cirrus by Veeam, which is available for Microsoft 365 and Microsoft Azure customers, provides a simple, flexible, reliable and powerful BaaS offering.

Growing Incidences of Cybersecurity Breaches

As the internet's widespread availability leads to increased security concerns and cyberattacks, Backup and Disaster Recovery become increasingly important. By the year 2025, cybercrime will cost the global GDP US$10.5 trillion, according to CyberSecurity Ventures. As per Verizon’s 2023 Data Breach Investigations Report, 24% of all breaches involved ransomware—maliciously encrypting data and demanding a ransom to return or unlock it. Cyberattacks can derail SMEs as they can prove to be extremely expensive. According to the United States Securities and Exchange Commission (SEC), about 60% of SMEs go out of business within six months of a data breach or cyberattack. Hence, it is better to have data backups. Thus, the growing incidences of cybersecurity breaches acts as a driver for the Backup and Disaster Recovery market.

Backup and Disaster Recovery Market Challenges

Intense Competition from Open-Source Alternatives

Intense competition from open-source alternatives and lack of technical expertise is anticipated to be one of the market restraints for Backup and Disaster Recovery. Furthermore, Backup and Disaster Recovery cannot be used across multiple industrial segments because it demands strong development teams and a significant amount of time to produce a solution, limiting the growth of the Backup and Disaster Recovery Market. It is fast and easy to recover small quantities of data. But full recoveries could eat up some time and stress the local systems. The amount of data that can be backed up into cloud storage each day is determined by the client's available bandwidth. Some data may not be backed up if the client attempts to backup huge amounts of data with limited bandwidth. In the event of a calamity, this can result in data loss. This is expected to hamper to market growth.
                                
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Backup and Disaster Recovery Industry Outlook

Backup and Disaster Recovery top 10 companies include
  1. Veritas Technologies
  2. Veeam
  3. Acronis
  4. Arcserve
  5. NetApp, Inc.
  6. Code42
  7. Commvault
  8. Kaseya 
  9. Rubrik
  10. Barracuda Networks
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1. Backup and Disaster Recovery Market Overview
    1.1 Definitions and Scope
2. Backup and Disaster Recovery Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Backup and Disaster Recovery Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Backup and Disaster Recovery Market – Industry Market Entry Scenario Premium Premium
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Backup and Disaster Recovery Market – Startup Company Scenario Premium
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Backup and Disaster Recovery Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Text Box: 05Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Backup and Disaster Recovery Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Text Box: 06Suppliers and Distributors
8. Backup and Disaster Recovery Market – By Component (Market Size -$Million/Billion)
    8.1 Software
    8.2 Services
9. Backup and Disaster Recovery Market – By Deployment Type (Market Size -$Million/Billion)
    9.1 On-Premise
    9.2 Cloud
10. Backup and Disaster Recovery Market – By Organization Size (Market Size -$Million/Billion)
    10.1 SMEs
    10.2 Large Enterprise
11. Backup and Disaster Recovery Market – By End-Use Industry (Market Size -$Million/Billion)
    11.1 BFSI
    11.2 Manufacturing
    11.3 IT & Telecommunication
    11.4 Media and Entertainment
    11.5 Education
    11.6 Healthcare
    11.7 Retail
    11.8 Others
12. Backup and Disaster Recovery Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Colombia
        12.2.5 Others
    12.3 Europe
        12.3.1 Germany
        12.3.2 France
        12.3.3 UK
        12.3.4 Italy
        12.3.5 Spain
        12.3.6 Russia
        12.3.7 Netherlands
        12.3.8 Others
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3 South Korea
        12.4.4 India
        12.4.5 Australia
        12.4.6 Indonesia
        12.4.7 Text Box: 07Malaysia
        12.4.8 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Backup and Disaster Recovery Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Backup and Disaster Recovery Market – Industry Competition Landscape Premium
    14.1 Market Share Global
    14.2 Market Share by Region
    14.3 Market Share By Product Type
15. Backup and Disaster Recovery Market – Key Company List by Country Premium Premium
16. Backup and Disaster Recovery Market - Company Analysis
    16.1 Veritas Technologies
    16.2 Veeam
    16.3 Acronis
    16.4 Arcserve
    16.5 NetApp, Inc.
    16.6 Code42
    16.7 Commvault
    16.8 Kaseya 
   16.9 Rubrik
   16.10 Barracuda Networks
 
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