Backup as a service (BaaS) is an offsite data storage method in which files, folders, or all of a hard drive's contents are regularly backed up by a service vendor to a remote secure cloud-based data repository over a network link. The purpose of online backup is straightforward and simple: to protect the information from the risk of loss associated with user error, hacking, or any other type of technological disaster, whether it's business data or personal data. Backup as a service can be managed more quickly than other offsite services.
MARKET DYNAMICS
Saving and securing data as a backup for a company is now a highly lucrative part of the cloud computing industry. The backup-as-a-service (BaaS) market holds players who can offer their customers a relatively unconventional but increasingly secure way to back up and use their valuable data in the event of a recovery process with the help of cloud computing servers and online portals. As with most of the key offerings of cloud computing services, backup as a service can allow a customer to refer to a centralized system that is entirely online and can, therefore, operate without house infrastructure or assets. This can result in a long-term total cost and time savings for the customer. Instead of being forced to manage private assets such as tapes and hard disks along with having to hire specialized labor for their maintenance, a company can now take advantage of a multitude of options as the best possible backup as a service model for them. The shift from the CAPEX to the OPEX model is driving the adoption of backup-as-a-service (BaaS) in various vertical industries, as these solutions allow customers to pay only for what they use by implementing the pay-per-use pricing model. The solution helps companies construct their BaaS infrastructure according to their business needs. Backup-as-a-service (BaaS) market offers flexibility regarding deployment models, including platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) models.
MARKET SCOPE
The "Global Backup-as-a-Service (BaaS) Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The backup-as-a-service (BaaS) market report aims to provide an overview of the backup-as-a-service (BaaS) market with detailed market segmentation by type, application, end-use industry and geography. The global backup-as-a-service (BaaS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading backup-as-a-service (BaaS) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global backup-as-a-service (BaaS) market is segmented on the basis of type, application, and end-use industry. Based on type, the backup-as-a-service (BaaS) market is segmented into: Email Backup, Media Storage Backup, and Others. On the basis of application, the backup-as-a-service (BaaS) market is segmented into: Online Backup, and Cloud Backup. Based on end-use industry, the backup-as-a-service (BaaS) market is segmented into: BFSI, Government and Public Sectors, Healthcare, Manufacturing, Media and Entertainment, Telecommunication and IT, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global backup-as-a-service (BaaS) market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The backup-as-a-service (BaaS) market by each region is later sub-segmented by respective countries and segments. The backup-as-a-service (BaaS) market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the backup-as-a-service (BaaS) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the backup-as-a-service (BaaS) market in these regions.
MARKET PLAYERS
The reports cover key developments in the backup-as-a-service (BaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from backup-as-a-service (BaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the backup-as-a-service (BaaS) market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the backup-as-a-service (BaaS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services, Inc.
- Broadcom
- Cisco Systems, Inc.
- Dell Inc.
- FUJITSU
- Google LLC
- IBM Corporation
- Microsoft
- NetApp Inc.
- Oracle
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.