In a global analysis of data center backup and recovery software market, it has been found that this sector is expected to grow at a CAGR of 4% during the forecast period, 2019-23. The global research firm, reportlinker, has carried out the global analysis and considered sales from the data center operators, communication services providers, internet content providers, government, financial service providers, and various other operator types segments. The sales of data center backup and recovery software in the regions of APAC, Europe, MEA, North America, and South America have been covered in the analysis.
As per the results of the analysis, the data center operators segment would enjoy the highest market share in the forecast period. The growing need for data privacy and safety during an outage and the increasing investments in new data center setups in the emerging markets will play a crucial role in increasing the demand for this segment. A high number of enterprises make use of data recovery and backup software in order to copy and archive data.
Various market factors such as an exponential increase in data volume, rising demand for data protection and localization regulations, and increasing focus to ensure business continuity will contribute to the growth in this sector. The availability of AI-based backup and recovery solutions has made it possible to predict system failure, identify cyberattacks, and automation of backup as well as recovery processes. The global analysis highlights also the challenges that major giants in the market are expected to face in the next few years. In addition to this, it provides sufficient data for companies to make strategies by taking into consideration the opportunities for growth in the sector.