Market Updates Backup-as-a-service Market Segmented by Material

Backup-as-a-service Market Segmented by
Material, Type, Application, and Geography -
Growth, Trends and Forecast 2025
“Business processes are being more digitized and data is growing rapidly
across a wide range of sources from desktop to cloud. Due to rapid
adoption of cloud computing and SaaS, data size has almost quadrupled
since the last decade. Decentralization has become a major challenge in
protecting information within a ready accessible format while
maintaining a regulatory compliance.”
The Global Backup-As-A-Service Market is expected to grow at a CAGR of 27.04% during the forecast period. Business
processes are being more digitized and data is growing rapidly across a wide range of sources from desktop to cloud.
Due to rapid adoption of cloud computing and SaaS, data size has almost quadrupled since the last decade.
Decentralization has become a major challenge in protecting information within a ready accessible format while
maintaining a regulatory compliance.
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Backup-as-a-service (BaaS) is an upcoming technology that enables a broad range of application and data sources
ensuring backup service and data regulatory compliance. Backup-as-a-service market is driven by increase in
computing services, computing infrastructure and rise in public-private partnership models in the digital space. Rise in
technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near
future. Surge in data recovery options and the need for cloud-based backup-as-a-service enhances the market growth
in the near future.