Data Backup and Recovery Market to Reach $25.63 Billion by 2030, Growing at 10.3% CAGR

Data Backup and Recovery Market Overview 

 The global Data Backup and Recovery Market is experiencing exponential growth as businesses and organizations increasingly prioritize data security and protection against cyber threats. According to market research, the sector was valued at US$ 12.90 Bn. in 2023 and the total Data Backup and Recovery revenue is expected to grow by 10.3% from 2024 to 2030, reaching nearly US$ 25.63 Bn.

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Competitive Landscape and Regional Demand

The data backup and recovery market is highly competitive, with key players including IBM Corporation, Dell Technologies, Veeam Software, Veritas Technologies, and Commvault Systems. North America currently dominates the market, holding the largest share due to high cybersecurity concerns and stringent regulatory compliance. Meanwhile, Asia Pacific is expected to witness the highest growth, driven by digital transformation and the rapid adoption of cloud-based solutions.

United States: Data Backup and Recovery Market Growth

The U.S. is at the forefront of the data backup and recovery market due to the increasing adoption of cloud-based backup solutions and strict data protection laws. A significant development is Dell Technologies' recent expansion of its PowerProtect Cyber Recovery platform to enhance data security for enterprises. This move aligns with growing cybersecurity threats and the need for businesses to implement robust backup and recovery strategies.

In addition, IBM Corporation has introduced AI-driven backup solutions, which are gaining traction among enterprises seeking automation and efficiency in data protection.

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Asia Pacific: Data Backup and Recovery Market Opportunities

Asia Pacific presents enormous opportunities in the data backup and recovery market due to its rapid digitalization and increasing cyber threats. Countries like China, India, and Japan are major contributors to the market’s growth, with businesses migrating to cloud-based data protection solutions.

A recent merger between Veeam Software and a major Asian cloud service provider has strengthened their presence in the region, facilitating enhanced backup capabilities tailored to businesses in fast-growing economies.

Europe: Data Backup and Recovery Market Consolidation

Europe is undergoing significant consolidation in the data backup and recovery industry. With the enforcement of GDPR, companies are investing heavily in data protection and compliance solutions.

Recently, Veritas Technologies announced a major acquisition of a European cybersecurity firm, enhancing its data resilience and disaster recovery portfolio. This move underscores the increasing demand for regulatory-compliant backup solutions in the region.

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Data Backup and Recovery Market Segmentation

by Component

Software

Services

by Service

Professional Services

Managed Services

by Vertical

BFSI

IT and Telecommunications

Retail

Government and Public Sector

Healthcare

Media and Entertainment

Manufacturing

Others

Market Key Players

1. NetApp, Inc.

2. Rackspace, Inc.

3. Veritas Technologies LLC

4. CommVault Systems Inc.

5. Acronis International GmbH

6. Carbonite Inc.

7. Actifio

8. Unitrends

9. Asigra

10. Redstor Limited

11. Veeam

12. Rubrik

13. Dell Technologies

14. Cohesity

15. IBM

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