The global demand for Online Backup Software Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Backup software is computer-based software utilized to perform a backup; they create additional duplicate copies of files, databases, or whole computers. This software may later use the duplicate copies to restore the original contents in the case of data loss. In terms of storage technology, online backup means to back up the data from the user’s hard drive to a remote server using a network connection. Online backup technology leverages the Internet and cloud computing to create an attractive off-site storage solution with few hardware requirements for any business size. Most online backup services are subscription-based, and pricing depends on the amount of space required to store backup.
In the last few years, online backup technology has acquired tremendous attention due to its features like replicating business files to backing up user's entire infrastructure, including network-attached storage (NAS) devices, multiple workstations, and business servers. This enables users to access a remote online backup of the user's business from any computer connected to the internet. Furthermore, the rising adoption of cloud-based technology across the world and the increasing threat of loss of data is driving the market growth. With increasing data storage at small and large enterprises, the demand for cloud-based services increases as it provides lower costs and greater efficiency. This characteristic has been driving the global cloud backup market. On the other side, issues related to compliance for various applications might hinder the worldwide cloud backup market's overall growth rate.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of online backup software.
The entire online backup software market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for online backup software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Online Backup Software Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the online backup software market include Veeam, Code42, SolarWinds, Carbonite, Druva inSync, Backblaze, Oracle, Acronis, Mozy, OpenDrive, Idrive, SSD Nodes, Iron Mountain, Macrium. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.