Virtual Machine Backup And Recovery Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Virtual Machine Backup And Recovery Market. The growth sectors of the Virtual Machine Backup And Recovery Market are identified with precision for a better growth perspective.
The global virtual machine backup and recovery market is projected to register a CAGR of 7.5% during the forecast period from 2019 to 2025 to reach USD 2.21 billion. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the dominating region in terms of the adoption of virtual machine backup and recovery solutions. For the purpose of analysis, the North American market has been segmented into the US, Canada, and Mexico. The growth of this market can be attributed to the high adoption of virtual machine backup and recovery in the BFSI, telecommunications and IT, and healthcare verticals. The US is the leading country-level market, while Mexico is projected to be the fastest-growing during the forecast period.
The European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region. The increasing volumes of critical data are driving market growth in Europe. The UK is the leading country-level market with Germany expected to register the highest growth during the forecast period.
Asia-Pacific is anticipated to be the fastest-growing segment in the global virtual machine backup and recovery market over the forecast period. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. The rapid economic growth in major countries such as China, Japan, India, pay-as-you-go pricing model of virtual machine backup and recovery, rapid adoption of cloud technology and the need to protect data from cyber-attacks are the key factors driving the growth of virtual machine backup and recovery market in the region.
The Middle East & African region is expected to witness steady growth during the forecast period with the growing need for virtual machine backup and recovery in the region. In South America, the market is still in the nascent stage and is expected to grow steadily in the near future.
Market Highlights
The global virtual machine backup and recovery market has been segmented based on agent type, organization size, deployment, vertical, and region/country.
By agent type, the global virtual machine backup and recovery market has been divided into agent-based and agentless. The agent-based segment accounted for the larger market share in 2018.
Based on organization size, the global virtual machine backup and recovery market has been divided into small- and medium-sized enterprise (SME) and large enterprise. The SME segment is expected to register the higher CAGR in the forecast period.
By deployment model, the global virtual machine backup and recovery market has been divided into cloud and on-premise.
On the basis of vertical, the global virtual machine backup and recovery market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, manufacturing, and others. The adoption of virtual machine backup and recovery solutions is higher in the IT and telecommunication vertical.
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Virtual Machine Backup And Recovery MarketAccording to Market Research Future, the global virtual machine backup and recovery market has been segmented based on agent type, organization size, deployment, vertical, and region/country.Virtual machine backup and recovery is performed using conventional backup software and is a straightforward method, but it leads to resource contention.
More resources are needed to execute a backup and recovery operation.
The virtual machine-specific backup products cater to the issue of resource contention.
These products capture point-in-time snapshots of the entire virtual machine state, which allows fast and complete restoration of the virtual machine.By agent type, the global virtual machine backup and recovery market has been divided into agent-based and agentless.
The agentless type is expected to grow at the highest CAGR during the forecast period.Based on organization size, the market has been segmented into large enterprise and small- and medium-sized enterprise (SME).
While the SMEs segment is expected to register the higher CAGR.By deployment model, the global virtual machine backup and recovery market have been divided into cloud and on-premise.
Global Virtual Machine Backup and Recovery MarketThe large volume of online data generated is crucial for an enterprise serving their long-term goals.
In this, a digital data that is generated is copied and stored in a virtual server.
Virtual backups are installed using conventional backup software.
Market Research Future (MRFR), a fast-growing market research firm, states in its recently published report that the global virtual machine backup and recovery market is expected to register a 7.5% CAGR during the forecast period (2018-2025), and value at USD 2.21 billion by 2025.
Hence, the future of virtual machine backup and recovery market appears promising.Future of Virtual Machine Backup and Recovery Appears PromisingAfter 30 years of the advent of virtualization technology, over the last decade, virtual machine backup and recovery technologies are experiencing a large-scale adoption.
Alongside, tech-giants are expanding their product portfolio by developing multicore processors and high memory space solutions.
