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Virtual Machine Backup Recovery Market Share

ID: MRFR//6723-HCR | 111 Pages | Author: Aarti Dhapte| May 2024

The market of the Virtual Machine (VM) backup and recovery has seen great changes in a number of years, mainly by the expanding use of virtualization technologies in a variety of sectors. Virtual machines (VMs) have become the epicenter of modern IT ecosystems, bringing flexibility, scalability, and cost-saving with them. With virtualization technology gaining popularity, the need for reliable backup and recovery systems become even more crucial.

A distinctive feature of the VM Backup and Recovery sector is the increasing incline towards cloud-based solutions. With cloud-based backup and recovery services, the flexibility to scale the infrastructure dynamically remains intact while data reliability is ensured. This migration of data to the cloud is due to the purpose of minimization of on-premises infrastructure expenses and improvement of data accessibility, respectively. More and more firms are using cloud-based backup systems, which easily enter the virtualized environment, thereby, giving the data protection and recovery process a smooth run.

Additionally, the market had a dominant trend towards data security and compliance as well. Surge in cyber awareness and data breaches initiate them to implement the measures that provide advanced security features. Vendors in Virtual Machine Backup and Recovery are integrating the encryption, authentication, and access controls in order to guarantee the critical data safety. Compliance with regulatory requirements has now become an important issue, and for this reason, vendors have released data protection solutions which are aligned to industry-specified standards.

The embedding of the artificial intelligence (AI) & machine learning (ML) technologies is one more mentionable trend in the VM Backup and Recovery market. These technologies increase efficiency during backup processes by automating repetitive tasks, prevent possible issues from happening and improve the resource utilization. AI-led analytics present critical information on data traffic patterns which can help organisations make wise backup strategies and resource allocations decisions.

Also, the requirement for converged backup and recovery platforms has been the consequence of the increasing demand for the data management solutions. They provide backup, recovery, and data management capabilities which are integrated to a single solution. This makes the system more user-friendly and efficient. The convergence trend is aimed at simplifying virtualized environments management, bringing all the backup and recovery technologies together into a single management platform.

The virtualization technology landscape is also evolving with container-based and micro service architectures. Along with these organizations sliding into modern application architectures, the backup solutions are adapting to accommodate the particular challenges represented by containerized environments. Vendors come up with a solution that can do automatic backups and recovery of both classic as well as containerized workloads, which in turn provides a coherent data management approach.

Covered Aspects:

Report Attribute/Metric	Details

Virtual Machine Backup Recovery Market Highlights:

Virtual Machine Backup Recovery Market Trends

Virtual Machine Backup Recovery Market Analysis

Virtual Machine Backup Recovery Market Share

Virtual Machine Backup Recovery Companies

Virtual Machine Backup and Recovery Market Overview

The Global Virtual Machine Backup and Recovery Market is expected to register a CAGR of 6.9% during the forecast period to reach USD 3.25 Billion by 2030.

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.

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 6.9% during the forecast period from 2022 to 2030. 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.

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)

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

Virtual Machine Backup Recovery Companies

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