Insights on the Data Backup and Recovery Software Global Market to 2027 - Acronis, Datto and Netapp Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 12, 2021--
The “Data Backup and Recovery Software - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Data Backup and Recovery Software estimated at US$9.4 Trillion in the year 2020, is projected to reach a revised size of US$17.1 Trillion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027.
Data Retention, one of the segments analyzed in the report, is projected to record a 9.8% CAGR and reach US$7.4 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Data Reduction segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.5 Trillion, While China is Forecast to Grow at 13.5% CAGR
The Data Backup and Recovery Software market in the U.S. is estimated at US$2.5 Trillion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Trillion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.
Data Replication Segment to Record 7.9% CAGR
In the global Data Replication segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Trillion in the year 2020 will reach a projected size of US$2.9 Trillion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Trillion by the year 2027, while Latin America will expand at a 9.3% CAGR through the analysis period.
Select Competitors (Total 10 Featured):
- Genie9 Corporation
- NTI Corporation
- Veritas Technologies
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- Total Companies Profiled: 10
For more information about this report visit https://www.researchandmarkets.com/r/vyskb6
View source version on businesswire.com:https://www.businesswire.com/news/home/20210712005590/en/
Laura Wood, Senior Press Manager
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INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENT
SOURCE: Research and Markets
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PUB: 07/12/2021 11:27 AM/DISC: 07/12/2021 11:27 AM