Data Center Backup And Recovery Software Market Size to Grow by $ 5.07 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the data center backup and recovery software market and it is expected to grow by $ 5.07 bn, accelerating at a CAGR of almost 12% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Data Center Backup And Recovery Software Market: Emerging Trends to Impact Market Growth
Emergence of ai-based backup and recovery solutions to emerge as a key trend in the industrial data center backup and recovery software market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Data Center Backup And Recovery Software Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Arcserve LLC, Barracuda Networks Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Druva, International Business Machines Corp., Micro Focus International Plc, and Microsoft Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The Global Data Center Backup and Recovery Software Market is expected to grow by $ 5.07 billion, accelerating at a CAGR of almost 12% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
Data Center Backup And Recovery Software Market: Segmentation by Type
The increasing investments in new data center construction in emerging markets and rising cloud adoption are expected to boost the growth of the data center operators segment during the forthcoming years. The growth of the market segment is expected to be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center backup and recovery software market size.
The prevalent digital transformation across industries has contributed to the extensive growth in data volume. Apart from connected devices, a large volume of data is also generated in the form of web content from online media. These factors have prompted enterprises to set up new data centers or revamp the old ones. One of the significant investments in data center setup or expansion is in improved data backup and recovery architecture. An exponential increase in data volume is one of the key data center backup and recovery software market growth drivers. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center backup and recovery software market size.
Data Center Backup And Recovery Software Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Arcserve LLC, Barracuda Networks Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Druva, International Business Machines Corp., Micro Focus International Plc, and Microsoft Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
