Online backup services refer to an offsite data storage process in which data is regularly backed up over a network on a remote server. This server is hosted by service providers. Market players are focusing on technological advancement in online backup services. For instance, Amazon Web Services, Inc. (AWS) provider of on-demand cloud computing platform launched AWS Backup for centrally managing and automating backups of overall AWS services. Further, the growing adoption of cloud services for business process automation and increasing demand from small and medium enterprises (SMEs) expected to drive the demand for online backup services over the forecasted period.This growth is primarily driven by Rising Adoption of Online Backup Services Owing to Increasing Data Volumes and Growing Demand for SaaS is Driving the Demand of Online Backup Services.
Globally, a noticeable market trend is evident Growing Adoption of Cloud Services for Business Process Automation
. Major Players, such as Acronis International GmbH (Switzerland), Asigra Inc. (Canada), Barracuda Networks, Inc. (United States), Carbonite, Inc. (United States), Code42 Software, Inc. (United States), AWS (United States), International Business Machines Corporation (United States), Iron Mountain Incorporated (United States), Microsoft Corporation (United States) and Oracle Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
10th January 2019, AWS acquired CloudEndure which provides software solutions for backup, live migration, and disaster recovery.
3rd April 2019, Veeam Software provider of backup solutions launched the new Veeam backup for Microsoft Office 365 v3 which provide faster backup, enhanced visibility, improved security, and analytics.
- Rising Adoption of Online Backup Services Owing to Increasing Data Volumes
- Growing Demand for SaaS is Driving the Demand of Online Backup Services
- Growing Adoption of Cloud Services for Business Process Automation
- Technological Advancement in the Cloud Services
- Growing Concerns Regarding Data Privacy and Security
- Lack of Skilled Professional to Adopt New Technology
Growing Demand from SMEs and Increasing Adoption of Hybrid Cloud Deployment Model
Lack of Awareness in the Emerging Economies
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase