DUBLIN--(BUSINESS WIRE)--The "Global Data Center Backup and Recovery Software Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Enterprises use data center backup and recovery software to replicate and archive data. It also enables data recovery during data center outages. The data center backup and recovery software market analysis considers sales from the data center operators, communication services providers, internet content providers, government, financial services providers, and other operator types segments.
In 2018, the data center operators segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the rising need to ensure data privacy and safety in case of an outage and growing investments in new data center setups in emerging markets will significantly help the market segment in maintaining its leading position.
Also, the global data center backup and recovery software report has observed market growth factors such as an exponential increase in data volume, increasing number of data protection and localization regulations, and rising focus on ensuring business continuity. However, ability to manage different data structures, types, and formats; undefined service level agreements; and increasing sophistication levels of cyberattacks may hamper the growth of the data center backup and recovery software industry over the forecast period.
Global Data Center Backup and Recovery Software Market: Overview
Exponential increase in data volume
Enterprises are increasingly undergoing digital transformation, which is augmenting the generation of a large volume of data. For enterprises to manage the expansive data volume, they have started investing in setting up new data centers or expanding the existing ones. As a result, the demand for data center backup and recovery software is increasing. Therefore, the exponential increase in data volume will expand the data center backup and recovery software market at a CAGR of over 4% during the forecast period.
Emergence of AI-based backup and recovery solutions
Vendors are innovating data center backup and recovery software to enhance their functionalities and improve sales. AI-based backup and recovery solutions have benefits in terms of predicting system failure, identifying cyberattacks, and automating backup and recovery processes. Such convenience features have increased the adoption rate of these solutions among enterprises, augmenting sales of vendors. Therefore, this trend will have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global data center backup and recovery software market is fragmented. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading data center backup and recovery software manufacturers, which include Commvault Systems Inc., Dell Technologies Inc., IBM Corp., Veeam Software Group GmbH, and Veritas Technologies LLC.
Also, the data center backup and recovery software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 08: MARKET SEGMENTATION BY OPERATOR TYPE
- Market segmentation by operator type
- Comparison by operator type
- Data center operators - Market size and forecast 2018-2023
- Communication services providers - Market size and forecast 2018-2023
- Internet content providers - Market size and forecast 2018-2023
- Government - Market size and forecast 2018-2023
- Financial services providers - Market size and forecast 2018-2023
- Other operator types - Market size and forecast 2018-2023
- Market opportunity by operator type
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Emergence of AI-based backup and recovery solutions
- Unified data center backup and disaster recovery solutions
- Partnerships with HCI solution providers
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Commvault Systems Inc.
- Dell Technologies Inc.
- IBM Corp.
- Veeam Software Group GmbH
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Veritas Technologies LLC
For more information about this report visit https://www.researchandmarkets.com/r/5jkgor
