Global Cloud Encryption Technology Market, Forecast-2025 Data backup and recovery market | Page 2

Data backup and recovery market industry size, global trends,
growth, opportunities, market share and market forecast - 2019 to 2025
“Orion Market Research (OMR) recently added an industrial report on the title “Global Data Backup
and Recovery Market”. According to OMR analysis, the market is driven by rising adoption of cloud-
based data backup solutions. As there has been continuous data creation, the need for storage and
backup has skyrocketed. According to the State of cloud and data protection 2018 report, 27% of
respondents have over 100TB of data, which is double the percentage from 2016. Moreover, the
percentage increase in the adoption of cloud-based backup solutions is further expected to increase
significantly due to its low cost and other benefits.”
In case of any manual or natural disaster, the data backup and recovery software and solutions play a
vital role to defend, replicate, and maintain data. These solutions are available within different software
forms and as Backup-as-a-Services (BaaS) model. The emerging need for consistent data backup and
recovery solutions would help control the digital transformation and data protection.
Many companies are shifting their backup solutions to the cloud due to the high cost of physical storage
which includes storing the physical media, transportation to offsite locations is fueling this shift. Though
traditional backup solutions like on-premise don’t provide the easy, affordable and flexible data solutions
that cloud platforms like AWS and Microsoft Azure provide. Moreover, cloud backup solutions reduce the
downtime on the occurrence of any loss and help locate the data easily. It also offers increased scalability,
and also gives options to choose storage limits as per convenience. Furthermore, cloud solutions provide
an option such as a pay-as-you-use model to help the organization to be cost-effective.
The market is segmented on the basis of deployment and application. Based on deployment, the market
is classified into on-premise and cloud-based. Based on application, the market is classified as media
storage, email storage, application storage.
Small and medium-sized enterprises prefer cloud-based deployment as they are cost effective and easy
to deploy. Furthermore, the increased adoption of cloud-based backup services has led to an increase in
market growth. Cloud-based backup services have creased due to benefits of backing up to the cloud
which includes minimal IT resources requirements, usage-based pricing and no infrastructure
requirement for a backup.