Home > Media & Technology > Information Technology > IT Services > Integrated Backup and Recovery Services Market

Integrated Backup and Recovery Services Market Share

Report ID: GMI12006
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Integrated Backup and Recovery Services Market Share

To get key market trends

Download Free Sample

Microsoft, IBM, and Cisco collectively held a substantial market share of over 15% in the integrated backup and recovery services industry in 2023. Microsoft integrates its backup solutions with Azure, providing seamless data protection for businesses migrating to the cloud. Emphasizing scalability and ease of use, along with automated backups and advanced security, Microsoft offers comprehensive solutions for organizations.

IBM adopts a hybrid approach, offering flexible backup solutions for both on-premises and cloud environments. By leveraging AI-driven analytics for data management, IBM helps clients optimize backup strategies and improve recovery times, addressing the complexities of modern data environments.

Cisco leverages its strong networking infrastructure to deliver secure and reliable backup solutions. By integrating backup services with its existing security offerings, Cisco meets the growing demand for data protection amid rising cyber threats. This comprehensive strategy enhances its value proposition, making Cisco a preferred choice for enterprises prioritizing security and connectivity.

Integrated Backup and Recovery Services Market Companies

Major players operating in the integrated backup and recovery services industry are:

Accenture
AWS
Cisco
Dell
Google
HPE
IBM
Intel
Microsoft
Oracle

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of integrated backup and recovery services reached USD 20.2 billion in 2023 and is set to grow at an 11% CAGR from 2024 to 2032, driven by the rapid adoption of cloud computing.

The Backup as a Service (BaaS) segment accounted for over 40% of the market share in 2023 and is expected to exceed USD 19 billion by 2032, as organizations prioritize the protection of sensitive information due to increasing cyber threats.

The cloud segment held around 46% of the market share in 2023, led by the rising demand for accessible and reliable data backup solutions as organizations adopt flexible work environments.

The U.S. integrated backup and recovery services market accounted for 75% of the revenue share in 2023 and is projected to reach over USD 10 billion by 2032, fueled by the increasing emphasis on data-driven decision-making across industries.