Backup as a Service Market is Expected to Reach Approximately USD 5 Billion by 2023

Backup as a Service Market is Expected to Reach Approximately USD 5 Billion by 2023

Pune, India, June 22, 2017, /MRFR Press Release/- Market Research Future published a half cooked research report on Backup as a Service Market.ย 


Market Highlights


On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the backup as a service market owing to growing IT infrastructure, digitization and higher technology implementation.ย  Digitization in North America region is mainly due to the invention of advanced technology and economies benefitting from it. The implementation of backup as a services storage solution by government is growing rapidly due to increased cyber-attacks and rising higher usage of mobile commerce. And increased research and development spending by vendors in the region is driving the backup as a service market. The increasing cyber-attacks and strict compliance regulation is driving the market in the region. The region is implementing annual subscription of backup as service for protecting enterprise data and customer information. Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on โ€œThe Backup as a Service Market Research Report -Forecast to 2023โ€.


ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/back-up-service-market-3252ย 


Backup as a Service Market Segmentation
The backup as a service market has been segmented on the basis of storage type includes on-premise and on-cloud. The cloud storage solution is further segmented into public, private and hybrid cloud. The hybrid cloud solution is gaining popularity in small and large enterprise. The main advantage of using hybrid cloud solution is that the users can automatically get the data offsite. It enables organization with easy and quick digital transportation.
The prominent players in the backup as a service market are- Commvault (U.S.), Emc Dell Inc. (U.S.), International Business Machines Corporation (U.S.), Symantec Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Acronis International Gmbh (U.S.), Asigra Inc. (Canada), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (Japan), Google (U.S.) and among others.


Market Research Analysis:
In backup as a service market, North America region is growing due to high adoption of cloud storage solution. In US region, there is large utilization of backup as a services storage solutions for preventing prime data from unauthorized users and strict compliance regulation. The cloud service is majorly adopted by users in the region as it is less time consuming. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of backup as a service market to directly address the data security of enterprises during disaster. Increased utilization of internet and mobile commerce has led to security thefts, malicious attack on sensitive data. High adoption of hybrid cloud solutions to reduce cyber-attacks and identification of issues while handling customer information has led to a higher demand of backup as a services solutions in the region.Countries such as China and India are slowly developing their IT landscape. However, the presence of large players and SMEs and growing demand of hybrid cloud storage is boosting the backup as service market in the region. And the increasing backup as service outsourcing is driving the market in the region.ย 


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