The Data Backup and Recovery Market is expected to register a CAGR of 10.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Software, Service); Application (Email Backup, Application Backup, Media Storage Backup); Deployment Type (On-Premises, Cloud); Enterprise Size (Large Enterprises, Small and Medium-Size Enterprises); Industry Vertical (Government and Public Sector, BFSI, IT and Telecom, Education, Media and Entertainment, Others) . The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Data Backup and Recovery Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Data Backup and Recovery Market Segmentation
Component- Software
- Service
- Email Backup
- Application Backup
- Media Storage Backup
- On-Premises
- Cloud
- Large Enterprises
- Small and Medium-Size Enterprises
- Government and Public Sector
- BFSI
- IT and Telecom
- Education
- Media and Entertainment
Strategic Insights
Data Backup and Recovery Market Growth Drivers- Regulatory Compliance: Stricter regulations such as GDPR, HIPAA, CCPA, and other data protection laws require organizations to implement strict data backup and recovery measures. Companies need to back up their data regularly and ensure that it is recoverable in case of data loss, in order to comply with these legal and industry standards. Non-compliance can lead to penalties and reputational damage, driving investment in backup solutions.
- Cloud Adoption: The adoption of cloud infrastructure is a significant factor in the growth of the data backup and recovery market. Cloud-based backup solutions offer businesses scalability, flexibility, and cost-effectiveness. Many organizations are now turning to hybrid cloud or fully cloud-based backup solutions as part of their disaster recovery strategy, which is fueling market growth.
- Artificial Intelligence (AI) and Automation: Predictive analytics to identify possible failures, automated data classification, and backup scheduling will all be made possible by the incorporation of AI and machine learning (ML) into backup and recovery solutions. Automation facilitates quicker and more effective backup and recovery procedures, lowers human error, and improves operational efficiency.
- Protection and Recovery from Ransomware: Backup and recovery solutions will advance to provide greater defense against ransomware threats as ransomware attacks become more complex. In order to defend against ransomware attacks and guarantee that businesses can recover their data without having to pay a ransom, solutions that provide immutable backups-where data cannot be changed or erased-and ongoing backup updates will proliferate.
- Adoption by SMEs: Affordable cloud-based and automated solutions are becoming more and more popular among small and medium-sized businesses (SMEs) that could not previously afford sophisticated data backup and recovery solutions. A big opportunity in this market is the availability of scalable, reasonably priced backup services, which let SMEs protect their data without having to make large capital expenditures.
- Sector-Specific Replication Options: Because of the sensitive nature of their data or the regulations they must follow, sectors like government, healthcare, finance, and retail have particular needs when it comes to data protection. Backup and recovery solution providers can concentrate on offering customized services that cater to the unique requirements of these sectors, such as PCI-DSS compliant financial data recovery solutions or HIPAA-compliant healthcare backups.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Data Backup and Recovery Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Data Backup and Recovery Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities

Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
This text is related
to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation#as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Regulatory compliance and cloud adoption are the major factors driving the data backup and recovery market.
Artificial intelligence (AI) and automation, and protection and recovery from ransomware are likely to remain a key trend in the market.
The Data Backup and Recovery Market is estimated to witness a CAGR of 10.4% from 2024 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Data Backup And Recovery Market - By Component
1.3.2 Data Backup And Recovery Market - By Application
1.3.3 Data Backup And Recovery Market - By Deployment Type
1.3.4 Data Backup And Recovery Market - By Enterprise Size
1.3.5 Data Backup And Recovery Market - By Industry Vertical
1.3.6 Data Backup And Recovery Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DATA BACKUP AND RECOVERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DATA BACKUP AND RECOVERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DATA BACKUP AND RECOVERY MARKET - GLOBAL MARKET ANALYSIS
6.1. DATA BACKUP AND RECOVERY - GLOBAL MARKET OVERVIEW
6.2. DATA BACKUP AND RECOVERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DATA BACKUP AND RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICE
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
8. DATA BACKUP AND RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. EMAIL BACKUP
8.3.1. Overview
8.3.2. Email Backup Market Forecast and Analysis
8.4. APPLICATION BACKUP
8.4.1. Overview
8.4.2. Application Backup Market Forecast and Analysis
8.5. MEDIA STORAGE BACKUP
8.5.1. Overview
8.5.2. Media Storage Backup Market Forecast and Analysis
9. DATA BACKUP AND RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
9.1. OVERVIEW
9.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISES
9.3.1. Overview
9.3.2. On-Premises Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. DATA BACKUP AND RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
10.1. OVERVIEW
10.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
10.3. LARGE ENTERPRISES
10.3.1. Overview
10.3.2. Large Enterprises Market Forecast and Analysis
10.4. SMALL AND MEDIUM-SIZE ENTERPRISES
10.4.1. Overview
10.4.2. Small and Medium-Size Enterprises Market Forecast and Analysis
11. DATA BACKUP AND RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
11.1. OVERVIEW
11.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
11.3. GOVERNMENT AND PUBLIC SECTOR
11.3.1. Overview
11.3.2. Government and Public Sector Market Forecast and Analysis
11.4. BFSI
11.4.1. Overview
11.4.2. BFSI Market Forecast and Analysis
11.5. IT AND TELECOM
11.5.1. Overview
11.5.2. IT and Telecom Market Forecast and Analysis
11.6. EDUCATION
11.6.1. Overview
11.6.2. Education Market Forecast and Analysis
11.7. MEDIA AND ENTERTAINMENT
11.7.1. Overview
11.7.2. Media and Entertainment Market Forecast and Analysis
11.8. OTHERS
11.8.1. Overview
11.8.2. Others Market Forecast and Analysis
12. DATA BACKUP AND RECOVERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Data Backup And Recovery Market Overview
12.1.2 North America Data Backup And Recovery Market Forecasts and Analysis
12.1.3 North America Data Backup And Recovery Market Forecasts and Analysis - By Component
12.1.4 North America Data Backup And Recovery Market Forecasts and Analysis - By Application
12.1.5 North America Data Backup And Recovery Market Forecasts and Analysis - By Deployment Type
12.1.6 North America Data Backup And Recovery Market Forecasts and Analysis - By Enterprise Size
12.1.7 North America Data Backup And Recovery Market Forecasts and Analysis - By Industry Vertical
12.1.8 North America Data Backup And Recovery Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Data Backup And Recovery Market
12.1.8.1.1 Canada Data Backup And Recovery Market by Component
12.1.8.1.2 Canada Data Backup And Recovery Market by Application
12.1.8.1.3 Canada Data Backup And Recovery Market by Deployment Type
12.1.8.1.4 Canada Data Backup And Recovery Market by Enterprise Size
12.1.8.1.5 Canada Data Backup And Recovery Market by Industry Vertical
12.1.8.2 Mexico Data Backup And Recovery Market
12.1.8.2.1 Mexico Data Backup And Recovery Market by Component
12.1.8.2.2 Mexico Data Backup And Recovery Market by Application
12.1.8.2.3 Mexico Data Backup And Recovery Market by Deployment Type
12.1.8.2.4 Mexico Data Backup And Recovery Market by Enterprise Size
12.1.8.2.5 Mexico Data Backup And Recovery Market by Industry Vertical
12.1.8.3 US Data Backup And Recovery Market
12.1.8.3.1 US Data Backup And Recovery Market by Component
12.1.8.3.2 US Data Backup And Recovery Market by Application
12.1.8.3.3 US Data Backup And Recovery Market by Deployment Type
12.1.8.3.4 US Data Backup And Recovery Market by Enterprise Size
12.1.8.3.5 US Data Backup And Recovery Market by Industry Vertical
12.2. EUROPE
12.2.1 Europe Data Backup And Recovery Market Overview
12.2.2 Europe Data Backup And Recovery Market Forecasts and Analysis
12.2.3 Europe Data Backup And Recovery Market Forecasts and Analysis - By Component
12.2.4 Europe Data Backup And Recovery Market Forecasts and Analysis - By Application
12.2.5 Europe Data Backup And Recovery Market Forecasts and Analysis - By Deployment Type
12.2.6 Europe Data Backup And Recovery Market Forecasts and Analysis - By Enterprise Size
12.2.7 Europe Data Backup And Recovery Market Forecasts and Analysis - By Industry Vertical
12.2.8 Europe Data Backup And Recovery Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Data Backup And Recovery Market
12.2.8.1.1 Germany Data Backup And Recovery Market by Component
12.2.8.1.2 Germany Data Backup And Recovery Market by Application
12.2.8.1.3 Germany Data Backup And Recovery Market by Deployment Type
12.2.8.1.4 Germany Data Backup And Recovery Market by Enterprise Size
12.2.8.1.5 Germany Data Backup And Recovery Market by Industry Vertical
12.2.8.2 France Data Backup And Recovery Market
12.2.8.2.1 France Data Backup And Recovery Market by Component
12.2.8.2.2 France Data Backup And Recovery Market by Application
12.2.8.2.3 France Data Backup And Recovery Market by Deployment Type
12.2.8.2.4 France Data Backup And Recovery Market by Enterprise Size
12.2.8.2.5 France Data Backup And Recovery Market by Industry Vertical
12.2.8.3 Italy Data Backup And Recovery Market
12.2.8.3.1 Italy Data Backup And Recovery Market by Component
12.2.8.3.2 Italy Data Backup And Recovery Market by Application
12.2.8.3.3 Italy Data Backup And Recovery Market by Deployment Type
12.2.8.3.4 Italy Data Backup And Recovery Market by Enterprise Size
12.2.8.3.5 Italy Data Backup And Recovery Market by Industry Vertical
12.2.8.4 United Kingdom Data Backup And Recovery Market
12.2.8.4.1 United Kingdom Data Backup And Recovery Market by Component
12.2.8.4.2 United Kingdom Data Backup And Recovery Market by Application
12.2.8.4.3 United Kingdom Data Backup And Recovery Market by Deployment Type
12.2.8.4.4 United Kingdom Data Backup And Recovery Market by Enterprise Size
12.2.8.4.5 United Kingdom Data Backup And Recovery Market by Industry Vertical
12.2.8.5 Russia Data Backup And Recovery Market
12.2.8.5.1 Russia Data Backup And Recovery Market by Component
12.2.8.5.2 Russia Data Backup And Recovery Market by Application
12.2.8.5.3 Russia Data Backup And Recovery Market by Deployment Type
12.2.8.5.4 Russia Data Backup And Recovery Market by Enterprise Size
12.2.8.5.5 Russia Data Backup And Recovery Market by Industry Vertical
12.2.8.6 Rest of Europe Data Backup And Recovery Market
12.2.8.6.1 Rest of Europe Data Backup And Recovery Market by Component
12.2.8.6.2 Rest of Europe Data Backup And Recovery Market by Application
12.2.8.6.3 Rest of Europe Data Backup And Recovery Market by Deployment Type
12.2.8.6.4 Rest of Europe Data Backup And Recovery Market by Enterprise Size
12.2.8.6.5 Rest of Europe Data Backup And Recovery Market by Industry Vertical
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Data Backup And Recovery Market Overview
12.3.2 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis
12.3.3 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Application
12.3.5 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Deployment Type
12.3.6 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Enterprise Size
12.3.7 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Industry Vertical
12.3.8 Asia-Pacific Data Backup And Recovery Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Data Backup And Recovery Market
12.3.8.1.1 Australia Data Backup And Recovery Market by Component
12.3.8.1.2 Australia Data Backup And Recovery Market by Application
12.3.8.1.3 Australia Data Backup And Recovery Market by Deployment Type
12.3.8.1.4 Australia Data Backup And Recovery Market by Enterprise Size
12.3.8.1.5 Australia Data Backup And Recovery Market by Industry Vertical
12.3.8.2 China Data Backup And Recovery Market
12.3.8.2.1 China Data Backup And Recovery Market by Component
12.3.8.2.2 China Data Backup And Recovery Market by Application
12.3.8.2.3 China Data Backup And Recovery Market by Deployment Type
12.3.8.2.4 China Data Backup And Recovery Market by Enterprise Size
12.3.8.2.5 China Data Backup And Recovery Market by Industry Vertical
12.3.8.3 India Data Backup And Recovery Market
12.3.8.3.1 India Data Backup And Recovery Market by Component
12.3.8.3.2 India Data Backup And Recovery Market by Application
12.3.8.3.3 India Data Backup And Recovery Market by Deployment Type
12.3.8.3.4 India Data Backup And Recovery Market by Enterprise Size
12.3.8.3.5 India Data Backup And Recovery Market by Industry Vertical
12.3.8.4 Japan Data Backup And Recovery Market
12.3.8.4.1 Japan Data Backup And Recovery Market by Component
12.3.8.4.2 Japan Data Backup And Recovery Market by Application
12.3.8.4.3 Japan Data Backup And Recovery Market by Deployment Type
12.3.8.4.4 Japan Data Backup And Recovery Market by Enterprise Size
12.3.8.4.5 Japan Data Backup And Recovery Market by Industry Vertical
12.3.8.5 South Korea Data Backup And Recovery Market
12.3.8.5.1 South Korea Data Backup And Recovery Market by Component
12.3.8.5.2 South Korea Data Backup And Recovery Market by Application
12.3.8.5.3 South Korea Data Backup And Recovery Market by Deployment Type
12.3.8.5.4 South Korea Data Backup And Recovery Market by Enterprise Size
12.3.8.5.5 South Korea Data Backup And Recovery Market by Industry Vertical
12.3.8.6 Rest of Asia-Pacific Data Backup And Recovery Market
12.3.8.6.1 Rest of Asia-Pacific Data Backup And Recovery Market by Component
12.3.8.6.2 Rest of Asia-Pacific Data Backup And Recovery Market by Application
12.3.8.6.3 Rest of Asia-Pacific Data Backup And Recovery Market by Deployment Type
12.3.8.6.4 Rest of Asia-Pacific Data Backup And Recovery Market by Enterprise Size
12.3.8.6.5 Rest of Asia-Pacific Data Backup And Recovery Market by Industry Vertical
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Data Backup And Recovery Market Overview
12.4.2 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis
12.4.3 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Application
12.4.5 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Deployment Type
12.4.6 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Enterprise Size
12.4.7 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Industry Vertical
12.4.8 Middle East and Africa Data Backup And Recovery Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Data Backup And Recovery Market
12.4.8.1.1 South Africa Data Backup And Recovery Market by Component
12.4.8.1.2 South Africa Data Backup And Recovery Market by Application
12.4.8.1.3 South Africa Data Backup And Recovery Market by Deployment Type
12.4.8.1.4 South Africa Data Backup And Recovery Market by Enterprise Size
12.4.8.1.5 South Africa Data Backup And Recovery Market by Industry Vertical
12.4.8.2 Saudi Arabia Data Backup And Recovery Market
12.4.8.2.1 Saudi Arabia Data Backup And Recovery Market by Component
12.4.8.2.2 Saudi Arabia Data Backup And Recovery Market by Application
12.4.8.2.3 Saudi Arabia Data Backup And Recovery Market by Deployment Type
12.4.8.2.4 Saudi Arabia Data Backup And Recovery Market by Enterprise Size
12.4.8.2.5 Saudi Arabia Data Backup And Recovery Market by Industry Vertical
12.4.8.3 U.A.E Data Backup And Recovery Market
12.4.8.3.1 U.A.E Data Backup And Recovery Market by Component
12.4.8.3.2 U.A.E Data Backup And Recovery Market by Application
12.4.8.3.3 U.A.E Data Backup And Recovery Market by Deployment Type
12.4.8.3.4 U.A.E Data Backup And Recovery Market by Enterprise Size
12.4.8.3.5 U.A.E Data Backup And Recovery Market by Industry Vertical
12.4.8.4 Rest of Middle East and Africa Data Backup And Recovery Market
12.4.8.4.1 Rest of Middle East and Africa Data Backup And Recovery Market by Component
12.4.8.4.2 Rest of Middle East and Africa Data Backup And Recovery Market by Application
12.4.8.4.3 Rest of Middle East and Africa Data Backup And Recovery Market by Deployment Type
12.4.8.4.4 Rest of Middle East and Africa Data Backup And Recovery Market by Enterprise Size
12.4.8.4.5 Rest of Middle East and Africa Data Backup And Recovery Market by Industry Vertical
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Data Backup And Recovery Market Overview
12.5.2 South and Central America Data Backup And Recovery Market Forecasts and Analysis
12.5.3 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Component
12.5.4 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Application
12.5.5 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Deployment Type
12.5.6 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Enterprise Size
12.5.7 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Industry Vertical
12.5.8 South and Central America Data Backup And Recovery Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Data Backup And Recovery Market
12.5.8.1.1 Brazil Data Backup And Recovery Market by Component
12.5.8.1.2 Brazil Data Backup And Recovery Market by Application
12.5.8.1.3 Brazil Data Backup And Recovery Market by Deployment Type
12.5.8.1.4 Brazil Data Backup And Recovery Market by Enterprise Size
12.5.8.1.5 Brazil Data Backup And Recovery Market by Industry Vertical
12.5.8.2 Argentina Data Backup And Recovery Market
12.5.8.2.1 Argentina Data Backup And Recovery Market by Component
12.5.8.2.2 Argentina Data Backup And Recovery Market by Application
12.5.8.2.3 Argentina Data Backup And Recovery Market by Deployment Type
12.5.8.2.4 Argentina Data Backup And Recovery Market by Enterprise Size
12.5.8.2.5 Argentina Data Backup And Recovery Market by Industry Vertical
12.5.8.3 Rest of South and Central America Data Backup And Recovery Market
12.5.8.3.1 Rest of South and Central America Data Backup And Recovery Market by Component
12.5.8.3.2 Rest of South and Central America Data Backup And Recovery Market by Application
12.5.8.3.3 Rest of South and Central America Data Backup And Recovery Market by Deployment Type
12.5.8.3.4 Rest of South and Central America Data Backup And Recovery Market by Enterprise Size
12.5.8.3.5 Rest of South and Central America Data Backup And Recovery Market by Industry Vertical
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. DATA BACKUP AND RECOVERY MARKET, KEY COMPANY PROFILES
14.1. ACRONIS
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CA TECHNOLOGIES
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. COMMVAULT
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. DELL
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. HPE
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. IBM
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. MICROSOFT
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. NETAPP
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. ORACLE
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. VEEAM
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Acronis
2. CA Technologies
3. Commvault
4. Dell
5. HPE
6. IBM
7. Microsoft
8. Netapp
9. Oracle
10. Veeam
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.