Global Backup-as-a-service Market 2024-2028

Global Backup-as-a-service Market 2024-2028
The backup-as-a-service market is forecasted to grow by USD 32788.14 mn during 2023-2028, accelerating at a CAGR of 33.99% during the forecast period. The report on the backup-as-a-service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need to shift from capex to opex model, growing need to simplify solutions for backup, and need to comply with regulatory standards.

Technavio's backup-as-a-service market is segmented as below:

By End-userLarge enterprisesSMEsBy ApplicationOnline backupCloud backupBy Geographical LandscapeNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the exponential growth in data volumes as one of the prime reasons driving the backup-as-a-service market growth during the next few years. Also, increasing use of IoT and rise in number of cyberthreats will lead to sizable demand in the market.

The report on the backup-as-a-service market covers the following areas:Backup-as-a-service market sizingBackup-as-a-service market forecastBackup-as-a-service market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading backup-as-a-service market vendors that include Acronis International GmbH, Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Commvault Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Insight Enterprises Inc., International Business Machines Corp., Microsoft Corp., NetApp Inc., NxtGen Datacenter and Cloud Technologies Pvt. Ltd., Quantum Corp., Rubrik Inc., Veeam Software Group GmbH, Vembu Technologies Pvt. Ltd., Viatel Ireland Ltd., Arcserve USA LLC, and Proact IT Group AB. Also, the backup-as-a-service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.