Virtual machine backup involves the process of copying data present on a physical machine to a virtual environment so that it can be stored, as well as to prevent loss of data in case of any external calamity or machine breakdown. Virtual data backup and recovery is an important part of data storage and administration.
This report analyses the current status of the global virtual machine backup and recovery market, outlines the key drivers for market growth and market threats, focuses on the bases for market segmentation based on product type, organization size, deployment type, vertical and geographical region, and studies the future trends of this market from 2019 till 2024, using the year 2018 as a historical research base.
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The global virtual machine backup and recovery market is expected to grow at a CAGR of 7.5% during the forecast period, and reach a value of USD 2.21 billion by 2025. All over the world, there is a huge volume of critical data being generated, thus making it imperative for organizations to protect this data from external threats or cyberattacks. The growth in this market can be attributed to this major factor, especially in industries which handle critical and confidential information such as banks and financial institutions, insurance, information technology, government and public sector and healthcare among a host of others. However, open-source alternatives to virtual machine backup and recovery are providing high competition to this market, thus acting as a threat to its growth.
The key players covered in this study
Veeam Software (Switzerland)
Veritas Technologies LLC (US)
Microsoft Corporation (US)
Commvault Systems Inc (US)
Acronis International GmbH (Switzerland)
IBM Corporation (US)
Vembu Technologies (India)
Rackspace Inc. (US)
Quest Software Inc. (US)
MSP 360 (US)
Micro Focus (UK)
Cisco System (US)
NetJapan Inc. (Japan)
The global virtual machine backup and recovery market has been segmented based on product type, organization size, deployment type, vertical and geographical region.
Depending on the product type, the market can be split into:
- Agent Type
Based on organization size, the market can be divided into large enterprises and small and medium enterprises (SMEs), while based on deployment type, it can be either Cloud-based or On-premise.
Based on the industry verticals, the virtual machine backup and recovery market can be divided into the following:
- IT and telecommunication
- Financial services and insurance (BFSI)
- Healthcare and life sciences
- Government and public sector
- Retail and consumer goods
North America, Europe, Asia Pacific, South America and Middle East and Africa are the major regions for the virtual machine backup and recovery market across the world.
North America occupied the highest market share, especially in the United States since it is the most technologically advanced market in this region, and is home to IT giants such as VMware Inc. and IBM.
It is expected that Europe will closely follow North America in terms of revenue, due to the growing demand for virtual machine backup and recovery. However, it has been predicted that the Asia-Pacific region will be the fastest-growing market in the global virtual machine backup and recovery market during the forecast period. The growth in this market can be due to the growing adoption of virtual machine backup and recovery services across verticals and the increasing volume of critical data being handled across organizations.
In May 2019, Japan based Fujitsu, a leading player in the market, entered into a partnership with Swiss company, Veeam Software to create virtual machine backups and replicas from snapshots using a snapshot plug-in and hybrid storage.
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Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 North America
9 Southeast Asia
11 Central & South America
12 International Players Profiles
13 Market Forecast 2019-2025
14 Analyst’s Viewpoints/Conclusions
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