According to the report, Growing Adoption of Cloud to Cloud Backup Software Due to Less Risk of Data Loss Compared to On-premises is one of the primary growth factors for the market. Increasing Demand of Cloud Backup Software to Reduce Data Lost Due to the Downtime or Disaster is also expected to contribute significantly to the SaaS Backup Software market. Overall, Small & Medium Enterprises
applications of SaaS Backup Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global SaaS Backup Software Market identified that the demand is rising in many different parts of the world due to "Growing Adoption of SaaS Solution for Various Applications Especially in Small & Medium Enterprises". Furthermore, some recent industry insights like "In October 2019, Commvault launched a new SaaS backup and recovery brand, Metalic. It delivers a new SaaS portfolio that enables companies to affordably protect their on-premises, cloud-based, and hybrid file and application data. However, its core backup & recovery offering allows customers to choose whether they want to back up their data leveraging Metallic's cloud storage, or to a mix of their own existing on-premises or cloud storage." is constantly making the industry dynamic. One of the challenges that industry facing is "Sometimes User May Lose Backup Due to Insufficient Storage Space"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global SaaS Backup Software market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the SaaS Backup Software market and other related sub-markets covered in the study.
o Key & emerging players in the SaaS Backup Software market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall SaaS Backup Software market size is calculated using market estimation process, the SaaS Backup Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global SaaS Backup Software market size has been validated using both top-down and bottom-up approaches.