Back up as a Service Global Market | Historical Analysis, Growth, Application | estimated to grow at USD 5 Billion by 2023

Market Highlights:

Back up as service refers to storage of data, the service involves purchasing and recovering of data from an online backup service provider. The service offers organization to connect data with the private, public or hybrid cloud managed solution by the outside service provider instead of centralized, on-premise IT department of an enterprise.

The study indicates that the high cost of deploying on-premise solution for disaster recovery is the key driver boosting the back up as a service market. The availability of cloud backup service for virtual machine is one of the few factors driving the market. Integration with the cloud service provider is one of the major factor fueling market growth. According to the study, virtualization has become integral part of IT landscape, and many small and medium enterprises are adopting virtualization on large scale.

By storage segment, cloud solution accounts for largest market share in back up as a service market. This solution has gain growth owing to easy integration with the existing IT infrastructure of an enterprise. While are some major trends boosting the back up as a service market. That includes automatic data recovery and backup, cloud backup for virtual machines and increase implementation of social, mobile, analytics and cloud (SMAC) technology in organization. Cloud back up for virtual machine trend states that virtualization has become significant part of IT infrastructure. This technology enable enterprise with rapid provisioning and optimize utilization of system resources. However, technological challenges have forced organization to implement separate solutions for storing of physical and virtual machines. This technological limitation may affect the back up as a service market.

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The prominent players in the back up as a service market are – Commvault (U.S.), Emc Dell Inc. (U.S.), International Business Machines Corporation (U.S.), Symantec Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Acronis International Gmbh (U.S.), Asigra Inc. (Canada), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (Japan), Google (U.S.), among others.

The Back Up As A Service Market is expected to grow at approximately USD 5 Billion by 2023, at 28% of CAGR between 2017 and 2023.

Back up as a Service Market Segmentation

The back up as a service market has been segmented on the basis of storage type includes on-premise and on-cloud. The cloud storage solution is further segmented into public, private and hybrid cloud. The hybrid cloud solution is gaining popularity in small and large enterprise. The main advantage of using hybrid cloud solution is that the users can automatically get the data offsite. It enables organization with easy and quick digital transportation.

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Market Research Analysis:

In back up as a service market, North America region is growing due to high adoption of cloud storage solution. In US region, there is large utilization of back up as a services storage solutions for preventing prime data from unauthorized users and strict compliance regulation. The cloud service is majorly adopted by users in the region as it is less time consuming. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of back up as a service market to directly address the data security of enterprises during disaster. Increased utilization of internet and mobile commerce has led to security thefts, malicious attack on sensitive data. High adoption of hybrid cloud solutions to reduce cyber-attacks and identification of issues while handling customer information has led to a higher demand of back up as a services solutions in the region.Countries such as China and India are slowly developing their IT landscape. However, the presence of large players and SMEs and growing demand of hybrid cloud storage is boosting the back up as service market in the region. And the increasing back up as service outsourcing is driving the market in the region.

Intended Audience

• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers

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