Backup as a Service Market is expected to reach US$ 25.43 Bn. by 2029, at a CAGR of 32% throughout the forecast period.

 

Backup as a Service Market Overview:

The purpose of this study is to provide a thorough examination of the Backup as a Service Market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Backup as a Service market’s growth. The study also offers a comprehensive analysis of the market’s value chain.

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Backup as a Service Market Scope:

The research method used to assess and anticipate the Backup as a Service market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Backup as a Service market was calculated using the revenue of significant enterprises.

Backup as a Service Market Drivers:

Previously, adoption of BaaS was booming in several industry verticals, due to its benefits including flexibility in terms of deployment models, the pay-per-use model, and affordability. Also, with the exponential growth in the volume of data from smartphones, the Internet, and digital business processes, enterprises face problems in managing and protecting the data that is at risk. So that, enterprises are increasingly adopting BaaS model to securely back up the huge volume of data generated by the digital economy. Exponential growth of data will boost the growth of the back up as a service market growth during the forecast period. Cloud backup segment will account for the highest growth in the global BaaS market during the forecast period because of the growth in focus of enterprises to store specific data.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Backup as a Service dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Backup as a Service.

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Backup as a Service Market Segmentation:

by Application

Online backup
Cloud backup

by Organization Size

Large Enterprises
SME’s

Backup as a Service Market Key Players:

The major players covered in the Backup as a Service market report are
Siemens AG

1. Alphabet
2. Amazon.com
3. Cisco Systems
4. IBM
5. NetApp
6. Commvault
7. Symantec
8. Acronis
9. Dell EMC
10.Amazon Web Services
11.Fujitsu
12.Backblaze
13.Hexistor
14.CA Technologies
15.Intronis
16.Datalink Corporation
17.Asigra Inc
18.Google
19.International Business Machines Corporation.
20.Microsoft Corp.
21.Quantum Corp.
22.HPE
23.Unitrends Inc.
24.Veritas Technologies
25.Veeam Software
26.Arcserve

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Backup as a Service Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Backup as a Service market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Backup as a Service industry, which is driving through the COVID-19 emergency to handle risk digitizing jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the Backup as a Service Market Report are:

Which segment grabbed the largest share in the Backup as a Service market?
How was the competitive scenario of the Backup as a Service market in 2020?
Which are the key factors responsible for the Backup as a Service market growth?
Which region held the maximum share in the Backup as a Service market in 2020?
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