![]() IBM (US), CA Technologies (US), Commvault, (US), Dell (US), HPE (US), Oracle (US), Microsoft (US), Veritas Technologies (US), Acronis (US), NetApp (US), Unitrends (US), and Veeam (US) have adopted partnerships, agreements, and collaborations as key strategies to expand their market reach. The data backup and recovery market consists of various vendors providing data backup and recovery solutions including network behavior data backup and recovery and user behavior data backup and recovery to commercial clients across globe. To know about the assumptions considered for the study, download the pdf brochure The breakdown of the profiles of primary participants is depicted in the below figure: The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The market spending across all regions along with the geographical split in various verticals was considered to arrive at the overall market size. The bottom-up procedure was employed to arrive at the overall market size of the data backup and recovery market from the revenue of the key players and their market shares. The vendor offerings have also been taken into consideration to determine the market segmentations. The research methodology used to estimate and forecast the data backup and recovery market size begins with the collection and analysis of data on key vendor revenues through secondary sources, including annual reports and press releases, investor presentations, conferences and associations (ZertoCon Conference 2017, IEEE Whitepaper: Data Backup and Recovery Based on Data De-Duplication, Open Source Backup Conference 2017, IEEE Whitepaper: Overview of data backup and disaster recovery in cloud, WMCPA Spring Conference 2017), technology journals, certified publications, articles from recognized authors, directories, and databases. The report also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the market. The report strategically profiles key market players and comprehensively analyzes their core competencies. The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. ![]() The main objective of the report is to define, describe, and forecast the data backup and recovery market size by component (software and services), application, organization size, deployment type, vertical, and region. The base year considered for this study is 2016, and the forecast period is 2017–2022. The data backup and recovery market projected to grow from $6.58 Billion in 2016 to reach $11.59 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.
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