Data center backup and recovery software market Size to Increase by USD 5507.21 million: 30% growth to originate from North America - Technavio
NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The Data Center Backup and Recovery Software Market report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 11.5% and register an incremental growth of USD 5507.21 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download PDF Sample Report
By region, the global data center backup and recovery software market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to contribute 30% to the growth of the global market over the forecast period. The exponential growth in enterprise data due to the rapid adoption of IoT across diverse industry verticals, stringent data protection regulations, and enterprise adoption of hybrid IT strategies are driving the growth of data centers and demand for data center backup and recovery software in North America.
The data center backup and recovery software market report includes information on the key products and recent developments of leading vendors, including:
The market is driven by factors such as the exponential increase in data volume and unified data center backup and disaster recovery solutions. However, the inability to manage different data structures, types and formats hinders the market growth.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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