Backup-as-a-service Market size can reach USD 4.21 billion with CAGR of 27.04% until 2023,In-depth Analysis of Information & Communication Technology, Information Technology sector
Backup-as-a-service Industry 2019 Global Market Research report provides information regarding market size, share, trends, growth, cost structure, capacity, and revenue and forecast 2023.
The latest industry analysis research report on Backup-as-a-service Market provides a detailed competitive scenario and the product portfolio of key vendors like Alphabet, Amazon.com, Cisco Systems maintain a strategic focus on mainly the North America and Europe market. With the rising awareness, there has been a growth in the demand for the Backup-as-a-service market in Information and Communication Technology, Information Technology Sector. According to the research analysis Market was valued at USD XX.XX Billion in 2019 and is expected to reach USD 4.21 billion by year 2023, at a CAGR of 27.04%.
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Online backup service, also known as BaaS, refers to the frequent backup of folders, files, or the entire content of HDDs by service providers to remote secure cloud-based data repositories.
From the past few years, the adoption of BaaS is growing rapidly in several industry verticals, thanks to its benefits including the pay-per-use model, flexibility in terms of deployment models, and affordability. Moreover, the increasing demand to shift from CAPEX to the OPEX model is one of the key reasons that are impacting the backup as a service market growth.
Also, with the exponential increase in the volume of data from smartphones, the Internet, and digital business processes, enterprises face difficulties to manage and protect the data that is at risk. Hence, the enterprises are increasingly adopting backup as a service model to securely back up the massive volume of data generated by the digital economy. The exponential growth of data will boost the growth of the back up as a service market growth during the forecast period.
Our analysts forecast the Global Backup-as-a-Service Market to grow at a CAGR of 27.04% during the period 2019-2023
- Growing need to simplify solutions for backup
- Possibilities of failure during implementation
- Increasing use of IoT
Porter’s five forces analysis included in the report educates the buyer on the current situations along with anticipated future Backup-as-a-service market size.
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The report splits the global Backup-as-a-service market intothe Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The Backup-as-a-service Market report provides a detailed analysis of the key players in the market which provides a company overview,financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of –
Alphabet, Amazon.com, Cisco Systems, IBM, NetApp
The CAGR of each segment in the Backup-as-a-service market along with the global market (as a whole) is explained with great ease. Also, global and regional Backup-as-a-service market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors etc. to fully and deeply reveal market situations.
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Influencing Factors of Market:
- Market Environment:Government Policies, Market Risks, Technological Changes,
- Market Drivers:Progressing Demand, Cost Reduction, Market Opportunities, Limits, and Challenges.
- Market Size:Global Size, by Type/Product Category, Applications/End Users, and By Regions/Geography.
- Key Data:Market Size, Market Share, Product Sales Price, Growth, and Growth Rate.
This Backup-as-a-service market research is the result of
- Quantitative analysis: -Backup-as-a-serviceMarket size and forecast, Market segmentation, Geographical insights, Competitive landscape.
- Qualitative analysis: -Backup-as-a-serviceMarket drivers, Market challenges, Market trends, Five forces analysis.
- Primary research: -Backup-as-a-service Industry journals and periodicals, Government bodies, Annual reports of key stakeholders.
- Secondary research: -Backup-as-a-serviceManufacturers/Suppliers, Channel partners, Industry experts, Strategic decision-makers.
- Data synthesis: -Collation of data, Estimation of key figures, Analysis of derived insights.
- Data validation: -Triangulation with data models, Reference against proprietary, databases, Corroboration with industry experts.
Other Analyses:Apart from The Aforementioned Information, Trade and Distribution Analysis for The Manufactured Housing Industry, SWOT Analysis for New Projects and Feasibility Analysis for New Investment Are Included.
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Name: Mr. Ajay More
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Organization: 360 Market Updates
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