What is SaaS Backup Software?
SaaS backup software help businesses preserve the integrity of the data generated by the SaaS products. In today’s time, SaaS backup solutions have been becoming more popular due to the growing need to protect the data and important business information stored in clouds. SaaS backup helps to protect the data even if downtime or natural disaster occurs. By utilizing a SaaS backup solution, businesses can ensure SaaS-generated data is duplicated in a different location for recovery, and any compliance-related data is properly and adequately preserved.
The market study is broken down by Type (CRMs, Office Suites, Business Instant Messaging, Email and Others), by Application (Small & Medium Enterprises and Large Enterprises) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global SaaS Backup Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NetApp (United States), Druva (United States), Spanning (United States), Acronis (Switzerland), Barracuda Networks (United States), OwnBackup (United States), Sesame Software (United States), SolarWinds (United States), Datto, Inc. (United States), Commvault (United States) and Veritas Technologies (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global SaaS Backup Software market by Type, Application and Region.
On the basis of geography, the market of SaaS Backup Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. IT & Telecom will boost the SaaS Backup Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the SaaS Backup Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2021, Veritas Technologies acquired backup as a service provider HubStor for Microsoft Office 365, Slack, Box & Google Workspace data protection. With this acquisition customers will gain the ability to customize and tailor backup configurations to a more granular level, recover data through a self-service portal, and discover insights with dashboards and reporting on their backup environments.
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.
- Growing Adoption of Cloud to Cloud Backup Software Due to Less Risk of Data Loss Compared to On-premises
- Increasing Demand of Cloud Backup Software to Reduce Data Lost Due to the Downtime or Disaster
- Growing Adoption of SaaS Solution for Various Applications Especially in Small & Medium Enterprises
- Lack of Internet Connectivity and Bandwidth Issues May Hamper the Growth
- Sometimes User May Lose Backup Due to Insufficient Storage Space
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, SaaS Backup Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as NetApp (United States), Druva (United States), Spanning (United States), Acronis (Switzerland), Barracuda Networks (United States), OwnBackup (United States), Sesame Software (United States), SolarWinds (United States), Datto, Inc. (United States), Commvault (United States) and Veritas Technologies (United States) etc.
2. Can we have customized study for SaaS Backup Software Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of SaaS Backup Software Market by 2026?
Analysts at AMA estimates SaaS Backup Software Market to reach USD Million by 2026.