Global Backup Restore Software Market Size By Product Type (Full Backup, Incremental Backup), By Deployment Type (On-Premise, Cloud-Based), By Industry Vertical (BFSI, Healthcare), By Geographic Scope And Forecast

Backup Restore Software Market Size And Forecast

Backup Restore Software Market size was valued at USD 8.47 Billion in 2022 and is projected to reach USD 19.24 Billion by 2030, growing at a CAGR of 10.80%from 2023 to 2030.

The backup and restore software market , spurred by the rising demand for data security and disaster recovery solutions across a variety of industries, has experienced tremendous growth in recent years. Over the coming years, the market is anticipated to expand at a steady rate thanks to rising cloud-based backup and restore solution adoption and rising concern over data security. The Global Backup Restore Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Backup Restore Software Market Definition

The market for software solutions that help companies and organisations safeguard and recover their crucial data in the case of system failure, data corruption, or other data loss events is referred to as the global backup and restore software market.

Backup and restore software is used to create backups of important files and data, and then restore that data in the event of data loss or system failure. The market includes both on-premises and cloud-based solutions, and is used across various industries such as IT and telecom, BFSI, healthcare, government and public sector, retail, and manufacturing. The market is driven by the growing need for data protection and disaster recovery solutions, and is expected to continue to grow as businesses generate more data and seek more robust solutions for data protection and recovery.

Global Backup Restore Software Market Overview

It's no secret that the backup and restore software market has been booming lately, and honestly, it's only expected to keep going that way! What's driving all this growth? Well, businesses are creating tons of data these days, and they need to protect it. Plus, everyone's looking for good disaster recovery plans. So, the more data companies generate, the bigger the demand becomes for backup and restoration software to keep it safe and get it back after something goes wrong. And let's be real, with all the cyber threats and data breaches popping up, businesses are finally waking up to how important data protection is, leading them to embrace these B&R solutions.

When things go south – like, a real disaster hits – businesses absolutely need to get their data back, like, yesterday. That's where backup and restore software comes in; they're the heroes that let businesses do just that! And that's why the market for them is booming. But hey, it's not all sunshine and rainbows. There are a few things holding things back. First off, these solutions can be expensive, especially if you're a small or medium-sized business watching every penny. Plus, setting them up isn't always a walk in the park. You often need someone with serious tech skills, which can be a challenge. And let's face it, some companies might just decide to use something else, like just dumping everything in the cloud or backing things up manually. All that could mean less growth for the fancy backup and restore software market.

Despite these obstacles, there are market expansion opportunities. For example, cloud-based backup and restore solutions are growing in popularity because of their scalability, affordability, and flexibility, which represents a sizable market expansion opportunity. Due to rising technological usage and rising demand for data protection solutions, emerging economies like Asia Pacific and Latin America offer the backup and restore software industry with considerable growth prospects. Product innovation, such as the development of artificial intelligence and machine learning capabilities, presents opportunities for companies to differentiate themselves in the market and drive growth.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Backup Restore Software Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Backup Restore Software Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Backup Restore Software Market Segmentation Analysis

The Global Backup Restore Software Market is Segmented on the basis of Product Type, Deployment Type, Industry Vertical, And Geography.

Backup Restore Software Market, By Product Type

• Full Backup
• Incremental Backup

When we look at Product Type, the backup restore software market splits into two main categoriesFull Backup and Incremental Backup. The popularity of each can bounce around from year to year, following market trends and what customers are looking for. But, if we look back, incremental backup has generally been growing faster than full backup. Incremental backup is all about backing up only the changes since the last backup, while full backup grabs everything in one go, even stuff you've already saved. Because it's usually quicker, more efficient, and cheaper, incremental backup is tipped to keep growing strongly. Still, don't count out full backups! They're both super important for a complete backup plan, and how much each grows really depends on what different companies and industries actually need and prefer.

Backup Restore Software Market, By Deployment Type

• On-Premise
• Cloud-Based

Based on Deployment type, the market is bifurcated into On-premise and cloud-based. Currently, the cloud-based deployment segment holds the largest share of the global backup restore software market. It is anticipated that this market sector will continue to dominate in the years to come because of the benefits it offers over the traditional on-premise deployment approach. Cloud-based backup restore software offers numerous advantages, including easy accessibility from anywhere with an internet connection, reduced hardware and maintenance costs, automatic software updates, and high scalability.

The increasing adoption of cloud computing technology by businesses of all sizes, the rise in data breaches and cyber-attacks, and the growing need for data backup and recovery solutions are some of the factors driving the growth of the cloud-based deployment segment. However, the on-premise deployment segment still holds a significant share of the market, and many businesses prefer this deployment model due to data security concerns, regulatory compliance requirements, and control over their data. The demands and preferences of various organisations and industries may influence the growth rate of the on-premise segment.

Backup Restore Software Market, By Industry Vertical

• BFSI
• Healthcare
• Retail
• Manufacturing
• IT and telecom
• others

Okay, so when we look at the types of industries using backup and restore software, it breaks down into things like BFSI, Healthcare, Retail, Manufacturing, IT and Telecom, and, well, others. Of course, how much of the market each of these holds can shift around depending on what consumers want and what's trending. But if you look back, BFSI and Healthcare usually snag the biggest pieces of the pie. Think about itthe BFSI world is swimming in sensitive data, which makes them a prime target for cyber-attacks. That's why they were quick to jump on board with backup and restore software in the first place – it's all about keeping that data safe, bouncing back from disasters, and keeping the business running. And with digital transformation booming, cyber risks on the rise, and all those regulations to follow, expect BFSI to keep a good chunk of the market for themselves for the foreseeable future.

Think about it – healthcare handles some really personal stuff, like patient medical records, that absolutely needs to be backed up and locked down tight. Plus, hospitals and clinics are going digital fast, using electronic health records (EHRs), telemedicine, and all sorts of cool tech, which means a mountain of data is being created and stored. We need to protect all this data with backup and disaster recovery (BUDR) solutions to ensure that the company can continue running. Other sectors like retail, manufacturing, IT, and telecom are also getting serious about data protection, using tools like backup restoration software to keep things safe and maintain business continuity. Of course, how fast each of these industries adopts these solutions really depends on what they need and prefer.

Backup Restore Software Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Looking at different parts of the world, the Global Backup Restore Software Market can be broken down into North America, Europe, Asia Pacific, and the Rest of the world. How quickly the market grows for backup restore software can be pretty different from place to place, depending on what's popular, what customers are looking for, and how tech is improving. In the past, North America has usually been the biggest player, with Europe and Asia Pacific right behind. But get thisAsia Pacific is predicted to be the fastest-growing market for this software in the next few years! Things like more companies going digital, an increase in data breaches and cyber-attacks, and a bigger push for ways to back up and get data back are all fueling this growth.

Moreover, the Asia Pacific region has witnessed significant investments in the IT infrastructure and cloud computing technologies by governments and private organizations. This has created a favorable environment for the growth of the backup restore software market in the region. In addition, the increasing adoption of cloud computing technologies by businesses of all sizes and the growing demand for mobile and web-based applications are detained to drive the growth of the market in the Asia Pacific region.

Key Players

The “Global Backup Restore Software Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Veeam Software, Acronis International GmbH, Commvault Systems Inc., IBM Corporation, Veritas Technologies LLC, Dell Technologies Inc., Microsoft Corporation, NetApp Inc., Hewlett Packard Enterprise Development LP, Carbonite Inc.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In March 2021, Veeam Software, one of the leading players in the backup restore software market, announced the launch of its new cloud-native backup and recovery solution, Veeam Backup for Amazon Web Services (AWS). This solution is designed to help customers protect their AWS workloads, and is fully integrated with AWS services like Amazon Simple Storage Service or Amazon S3, Amazon Relational Database Service (Amazon RDS), and Amazon Elastic Compute Cloud (Amazon EC2).
• In January 2021, Another significant participant in the backup and recovery software business, Commvault Systems, disclosed that it had partnered strategically with Microsoft. As part of this partnership, Commvault will integrate its backup and recovery solutions with Microsoft Azure, and will also offer support for Microsoft 365 and other Microsoft cloud services.
• In December 2020, Acronis International GmbH, a leading provider of backup restore software solutions, announced that it had raised $250 million in funding from CVC Capital Partners VII and other investors. The company’s goals for growth and expansion, including the creation of new goods and services, will be supported by this cash.
• In November 2020, Veritas Technologies LLC, a major player in the backup restore software market, announced the launch of its new unified data protection solution, Veritas NetBackup 9. This solution is designed to help customers protect their data across multiple environments, including on-premise, cloud, and hybrid environments.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope