Thedata center backup and recovery software market and it is poised to grow by USD 1.40 billion during2019-2023, progressing at a CAGR of over 4% during the forecast period. Thereport offers an up-to-date analysis regarding the current market scenario,latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic,probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19Impactt5
The market is fragmented, and the degree of fragmentation willaccelerate during the forecast period. Commvault Systems Inc., DellTechnologies Inc., IBM Corp., Veeam Software Group GmbH, and VeritasTechnologies LLC are some of the major market participants. The increase indata volume will offer immense growth opportunities. To make the most of theopportunities, market vendors should focus more on the growth prospects in thefast-growing segments, while maintaining their positions in the slow-growingsegments.
Increase in data volume has been instrumental in driving the growthof the market.
Data Center Backup and Recovery Software Market 2019-2023:Segmentation
Data center backup and recovery software market is segmented asbelow:
o Data Center Operators
o Communication Services Providers
o Internet Content Providers
o Financial Services Providers
o Other Operator Types
· Geographic Landscape
o North America
o South America
Data Center Backup and Recovery Software Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the wayof study, synthesis, and summation of data from multiple sources. Our data centerbackup and recovery software market report covers the followingareas:
· Data Center Backup and Recovery Software Market Size
· Data Center Backup and Recovery Software Market Trends
· Data Center Backup and Recovery Software Market IndustryAnalysis
This study identifies emergence of AI-based backup and recoverysolutions as one of the prime reasons driving the data center backup andrecovery software market growth during the next few years.