Market Highlights:
Backup as a Service (BaaS) is an approach of accelerating the data transfer and demand for quick access to information. It is a method that involves offsite data storage, wherein files, folders, and the entire hard drive contents of a hard drive are backed up in consistent manner by a service provider to a remote and secure cloud-based data repository through a network connection.
The global backup as a service market has become highly lucrative in recent years as companies are giving prolonged thoughts to securing and storing their data. This unconventional method offers a relatively easier accessibility and secure medium to store valuable data. Online portals and cloud computing servers hold a major role in building the entire industrial landscape. The global market is expected to experience spectacular growth over the forecast period and attain a massive CAGR of 28% during the forecast period of 2017 to 2023. Furthermore, the valuation of the market is expected to reach a figure of USD 5 billion by the end of the forecast period. The study undertaken by Market Research Future (MRFR) mentions that the high pricing associated with deploying on-premise solution for disaster recovery is one of the major drivers boosting the growth of the market.
However, at the same time, data breach is a threat that exists prevalently in the global landscape and there are increasing instances of cybercrime, thereby prompting companies to be wary and hesitant with their approach before taking a leap. Although, this might cause significant halt to the overall growth of the market, it would not be able to pause the growth of the market for long.
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Major Key Players
- Commvault (U.S.),
- Emc Dell Inc. (U.S.),
- International Business Machines Corporation (U.S.),
- Symantec Corporation (U.S.),
- Amazon Web Services, Inc. (U.S.),
- Acronis International Gmbh (U.S.),
- Asigra Inc. (Canada),
- Cisco Systems, Inc. (U.S.),
- Fujitsu Ltd. (Japan),
- Google (U.S.),
According to MRFR, The BackUp As A Service Market is expected to grow at approximately USD 5 Billion by 2023, at 28% of CAGR between 2017 and 2023.
Industry Trend:
15th April, Veritas announced the sale of NetBackup as a service through the IBM Marketplace. This is following the trend in the industry for pushing as-a-service type offerings. The backup as a service will be made available through the marketplace in the coming period.
Segmentation:
The global backup as a service market can be segmented in terms of storage.
In terms of storage, the market divides into on-cloud, on-premise, private, public, and hybrid. The private cloud segment is massively gaining popularity in recent years and holds a massive portion of the global market. The segment is expected to spearhead the global market. However, the public segment too is growing fast and attracting massive traction to its side.
Regional Analysis:
The global backup as a service market is geographically segmented across the following regions: North America, Asia Pacific, Europe, and the Rest of the World (RoW).
North America holds the dominant hand in the global market landscape due a number of key reasons. The infrastructural superiority of the region, in particular, aids it in standing out in the global landscape. Additionally, the region holds a major inclination towards technological upgradation, one which is expected to offer the market significant boost. Moreover, the presence of various top-level market influencers herein helps the region to garner the highest revenue amount. It also noted that the large-scale industrialization, focused upon enhancing the experience of customers, can pose to be another important driving factor of the BaaS regional market.
The Asia Pacific region, on the other side of the spectrum, is expected to hold the fastest growing position in the global landscape. The primal growth factor of the region is the expanding industrial horizon. Additionally, the integration of cloud-based appliances and the proliferating demand for hybrid cloud storage are also helping attain considerable profit to the market.
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Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
LIST OF TABLES
TABLE 1 Backup AS A SERVICE MARKET, BY STORAGE
TABLE 2 Backup AS A SERVICE MARKET, BY REGION
TABLE 3 NORTH AMERICA Backup AS A SERVICE MARKET, BY STORAGE
TABLE 4 U.S. Backup AS A SERVICE MARKET, BY STORAGE
TABLE 5 CANADA Backup AS A SERVICE MARKET, BY STORAGE
Continued………
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 Backup AS A SERVICE MARKET: BY STORAGE (%)
FIGURE 3 Backup AS A SERVICE MARKET: BY REGION (%)
FIGURE 4 NORTH AMERICA Backup AS A SERVICE MARKET, BY STORAGE (%)
FIGURE 5 EUROPE Backup AS A SERVICE MARKET, BY STORAGE (%)
FIGURE 6 ASIA-PACIFIC Backup AS A SERVICE MARKET BY STORAGE (%)
Continued………
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