Many enterprises use data center back up and recovery software to replicate and archive data. And when there is data outage, then it replicates data. The data center back up and recovery market predicts that the sales will be from many providers. Like, data center operators, communication services providers, internet content providers, government, and financial content providers.
The analysis also looked into the center backup software in APAC, Europe, MEA, North America and South America. Also, in the year 2018 the data center operators segment held the highest market share. And it’s possible that, this continues till the forecast period.
The growth factors are the increase in data volume, increase in data protection and localization regulations, and rising focus on ensuring business continuity. Even after the growth, there are factors that hamper the growth of the market. Like different data structures, types and formats, undefined service level agreements and increasing sophistication levels of cyberattacks.
Due to the increasing digital transformation of enterprises, there is a growth in the volume of data. And to manage the data volume, enterprises set up data centers. These data centers expand into new data centers and help with the data back up.
This shows how the exponential increase of data volume can expand the software market at a CAGR of over 4% during the forecast period of 2019 – 2023. Also, the vendors developing AI based back up and recovery solutions took the market by storm.
There are many data center backup and data recovery software manufacturers like the Commvault Systems, Dell Technologiies, Veeam Software Group GmbH and Veritas Technologies. The upcoming trends are a challenge which affects the market growth. But these challenges shape the companies into making strategies and winning the situation and overcoming the problem.
Clients can improve their market positions and use their choice of vendor according to this report.