Backup-as-a-service Market to grow by $ 14.29 Billion at 32% CAGR during 2021-2025 | Technavio

NEW YORK, June 21, 2021 /PRNewswire/ --

The backup-as-a-service market is expected to grow by USD 14.29 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the backup-as-a-service market in optimistic, probable, and pessimistic forecast scenarios.

Request a Free Sample to understand the scope of the report

With the continuing spread of the coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

The backup-as-a-service market is driven by the increasing demand to shift from CAPEX to OPEX model. In addition, exponential growth in the volume of data and increasing use of IoT are expected to trigger the backup-as-a-service market toward witnessing a CAGR of over 32% during the forecast period.

Gain more insights into the global trends impacting the future of the backup-as-a-
service market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45438

Major Five Backup-as-a-service Market Participants:

Alphabet Inc.: The company offers BaaS through its subsidiary Google Inc.

Amazon.com Inc.: The company offers BaaS through AWS Backup. AWS Backup provides a fully managed, cost-effective, policy-based service that further simplifies data protection at scale.

Cisco Systems Inc.: The company offers BaaS through Cisco UCS Manager.

Dell Technologies Inc.: The company offers BaaS through DELL EMC managed services.

Fujitsu Ltd.: The company offers FUJITSU cloud BaaS, which provides cloud-based backup and recovery services.

Backup-as-a-service Market 2021-2025: Segmentation

Backup-as-a-service market is segmented as below:

• Application
• Online Backup
• Cloud Backup
• Geography
• North America
• APAC
• Europe
• South America
• MEA

Related Report on Information Technology:

Global Data Security Market - Global data security market is dominated by Amazon.com Inc., Broadcom Inc., and Cisco Systems Inc. Discover all the statistics and growth strategies adopted by major vendors operating in the market.
View Statistics Data Here

Gain instant access to 17,000+ market research reports by using
Technavio's SUBSCRIPTION platform

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report: www.technavio.com/report/backup-as-a-service-market-size-industry-analysis
Newsroom: newsroom.technavio.com/news/backup-as-a-servicemarket

View original content to download multimedia:http://www.prnewswire.com/news-releases/backup-as-a-service-market-to-grow-by--14-29-billion-at-32-cagr-during-2021-2025--technavio-301315791.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]