Data Center Backup And Recovery Software Market Size to grow by USD 7061.1 million between 2024-2028
The Data Center Backup And Recovery Software Market is segmented by Type (Data center operators, Communication services providers, Internet content providers, Government, and Others), Deployment (Cloud-based and On-premise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 7061.1 million, at a CAGR of 12.95% during the forecast period. There are several companies that are contributing to the market as per this report. Emergence of AI-based backup and recovery solutions .
By Type, the Data center operators segment is projected to dominate the market size in 2024
Data center operators play a pivotal role in the technology landscape, providing enterprises with essential computing resources through their data centers as a service. Notable operators include Equinix Inc. (Equinix), Telecity Group plc (Telecity), Amazon Web Services (AWS), Zayo Group Holdings, Inc. (Zayo), and AT&T Inc. (AT&T), collectively managing over half of the global data centers. These operators significantly contribute to the public cloud services sector, enabling businesses, governments, SMEs, and startups to optimize IT expenditure by leveraging their offerings.
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By Deployment, Cloud-based segment is expected to hold the largest market size for the year 2024
In the dynamic business landscape of 2023, the cloud-based segment dominates the global data center backup and recovery software market. This trend is driven by the growing presence of multinational corporations in IT, manufacturing, energy, and healthcare sectors, which necessitate a centralized system for managing and automating their recurring business processes. Cloud-based software provides organizations with enhanced control, efficiency, reliability, and flexibility, enabling them to accommodate unique business requirements across the globe. The adoption of cloud-based data center backup and recovery models is projected to surge during the forecast period, particularly in developing countries like India and China, where the SME sector is expanding rapidly.
Why is North America forecasted to hold the largest regional market size in 2024?
The Data Center Backup and Recovery Software market is a critical business investment for organizations seeking to mitigate data loss and ensure business continuity. These solutions enable the automated protection and recovery of mission-critical data, ensuring business operations remain uninterrupted during disasters or system failures. Key features include data compression, encryption, and disaster recovery capabilities, ensuring data security and availability. Market growth is driven by increasing data volumes, regulatory compliance, and the need for business resilience.
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Research Analysis Overview
The Data Center Backup and Recovery Software market is witnessing significant growth due to the increasing risk of data loss caused by various factors such as unintentional deletion, manufacturing disruptions, temporary business closures, and restructuring efforts. The negative effect of these events on rugged phone companies and startups can be catastrophic, leading to the loss of crucial files and hard drive crashes. Technology developments, including artificial intelligence (AI) and big data, are driving the demand for advanced backup and recovery solutions. Data recovery software is essential for businesses to protect their digital property from virus attacks and corrupted files. Access to these programs is crucial for restart programmers to recover lost data and copy crucial files before permanent damage occurs. Manufacturing disruptions and supply chain issues can also lead to data loss, making it essential for businesses to have a reliable backup and recovery system in place. In the event of a hard drive crash or virus infection, data recovery software can help businesses recover their data and minimize downtime. Overall, the Data Center Backup and Recovery Software market is expected to continue growing as businesses increasingly recognize the importance of protecting their digital assets.
Market Research Overview
The Data Center Backup and Recovery Software market falls under the broader category of the IT systems software market, encompassing organizations that specialize in creating and supplying application development and management software, cloud computing software, data center solutions, IT management software, mobility software, networking software, security software, and storage software. Excluding entities involved in home entertainment software production, this market's size is determined by aggregating the revenues of companies providing various types of systems software, including cloud-based solutions. - The Data Center Backup And Recovery Software Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
Technavio Research
Jesse Maida
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Email: media@technavio.com
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