Virtual Machine Backup and Recovery Market Research Report - Global Forecast till 2027

Global Virtual Machine Backup and Recovery Market Research Report: by Agent Type (Agent-based, Agentless), Organization Size (Large Enterprise, Small and Medium-Sized Enterprise), Deployment (Cloud, On-Premise), Vertical (Banking, Financial Services and Insurance, IT and Telecommunications, Healthcare and Life Sciences, Government and Public Sector, Retail and Consumer Goods, Manufacturing, others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/ICT/6723-HCR | February 2021 | Region: Global | 111 pages         

Virtual Machine Backup Recovery Market Speak to Analyst Request a Free Sample

Market Synopsis


The Global Virtual Machine Backup and Recovery Market is expected to register a CAGR of 7.5% during the forecast period to reach USD 2.21 Billion by 2025.


Virtual machine backup is the process of copying data present on a virtual machine in a virtual environment to prevent its loss. Virtual machine backup or virtual server backup and recovery is an important task performed by storage and backup administrators. Critical data is increasing in huge volumes all across the globe. It is important to protect this data from external threats and attacks; this increasing need is a factor driving the market growth. However, the high competition from open-source alternatives is a restraint for the market.


Segmentation


The global virtual machine backup and recovery market has been segmented based on agent type, organization size, deployment, vertical, and region/country.


By agent type, the global virtual machine backup and recovery market has been divided into agent-based and agentless.


Based on organization size, the global virtual machine backup and recovery market has been divided into small- and medium-sized enterprises (SMEs) and large enterprises.


By deployment, the global virtual machine backup and recovery market has been divided into cloud and on-premise.


On the basis of vertical, the global virtual machine backup and recovery market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, manufacturing, and others.


The global virtual machine backup and recovery market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.


Regional Analysis


The global virtual machine backup and recovery market is estimated to grow at a CAGR of 7.5% during the forecast period from 2019 to 2024. The geographic analysis of the global virtual machine backup and recovery market has been done for North America, Europe, Asia-Pacific, Middle East and Africa and South America.


North America accounted for the highest market share, due to the increasing adoption of virtual machines in the region. The US leads the market in North America as it is the most technologically advanced country and also hub to various leading players such as VMware, Inc. and IBM Corporation. Various initiatives are taken by key players in the form of partnerships with different technology players for solution enhancement and their distribution.


Europe is expected to be the second-largest market during the review period due to the rising need among enterprises to install virtual machine backup and recovery. Asia-Pacific is anticipated to be the fastest-growing market in the global virtual machine backup and recovery market during the forecast period. The rise in adoption of virtual machine backup and recovery services across verticals and the increasing volume of critical data are the key drivers for the growth of the market in Asia-Pacific.
 virtual machine backup and recovery market


 Source: MRFR Analysis


Competitive Analysis


The global virtual machine backup and recovery market has been witnessing a high demand globally due to the rise in demand across all industries. Major players have opted for partnerships and new product development as their key organic growth strategies to strengthen their position in the market and cater to the demands of enterprises across verticals. For instance, in May 2019, Fujitsu (Japan), a leading player in the market, has partnered with Veeam Software (Switzerland). After the partnership, Fujitsu’s customers will be able to create complete virtual machine backups and replicas from snapshots using Veeam storage snapshot plug-in for Fujitsu ETERNUS AF (all-flash) and ETERNUS DX hybrid storage.


Key Players


The key players in the global virtual machine backup and recovery market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Veeam Software (Switzerland), Veritas Technologies LLC (US), VMware, Inc. (US), Microsoft Corporation (US), Commvault Systems Inc (US), Acronis International GmbH (Switzerland), IBM Corporation (US), Vembu Technologies (India), Rackspace Inc. (US),Quest Software Inc. (US), MSP 360 (US), Micro Focus (UK), Storix, Inc. (US), Cisco System, Inc (US),  and NetJapan, Inc. (Japan). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.


Intended Audience



  • Virtual Machine backup and recovery solution providers

  • System integrators

  • Consultancy firms

  • Managed service providers

  • Data security providers

  • Government Agencies

  • Software vendors

  • Government and local authorities

  • Technology consultants

  • Investors and venture capitalists

  • Compliance officers

  • Chief financial officers



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The global Virtual machine backup and recovery is expected to record a substantial market valuation of USD 2.21 billion by 2025.

The global Virtual machine backup and recovery is projected to register a moderate 7.5% CAGR in the forecast period.

A few major market players operating in the global Virtual machine backup and recovery are VMware, Inc. (US), Veeam Software (Switzerland), Microsoft Corporation (US), Veritas Technologies LLC (US), among others.