Backup-as-a-service market 2022-2026: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global backup-as-a-service market size is estimated to grow by USD 17.73 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 33.15%. Moreover, the growth momentum will accelerate. North America will account for 40% of the market's growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!

Global backup-as-a-service market - Five forces
The global backup-as-a-service market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter's five forces model – Request a sample report

Global backup-as-a-service market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global backup-as-a-service market - Segmentation assessment

Segment Overview
Technavio has segmented the market based on application (online backup and cloud backup). 

• The online backup segment will account for a significant share of the market's growth during the forecast period. Large and medium-sized enterprises and enterprises with critical data prefer online backup solutions due to their cost. Vendors use 128-bit to 448-bit encryption to transfer data over unsecured links, which builds trust between enterprises and service providers. Therefore, the increase in the adoption of online backup solutions by large and medium-sized enterprises is expected to drive the growth of the segment during the forecast period.

Geography overview
Based on geography, the global backup-as-a-service market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global backup-as-a-service market.

• North America will account for 40% of the market's growth during the forecast period. The US and Canada are the key countries for the backup-as-a-service market in the region. However, market growth in North America will be slower than the growth of the market in APAC. The building of a new intelligent economy in the region by interlinking technologies such as cloud solutions, mobility, Big Data, and social media is driving the growth of the information and communications technology (ICT) market in the region. This, in turn, will drive the backup-as-a-service market growth in North America during the forecast period,

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Global backup-as-a-service market – Market dynamics
Key factor driving market growth

• The increasing need to shift from CAPEX to the OPEX model is driving the growth of the market.
• BaaS solutions have a pay-per-use pricing model. They are flexible in terms of deployment models.
• Cloud services are available in three deployment models, namely infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and SaaS.
• Industrial clients can choose from a range of services depending on their IT budgets and business requirements.
• BaaS is an affordable solution for enterprises, as there is no fixed upfront cost required.
• These factors will drive the growth of the market during the forecast period.

Leading trends influencing the market 

• Exponential growth in the data volume is a key trend in the market.
• The rise in the volume of data from smartphones, the Internet, and digital business processes provides enterprises with potential assets.
• However, most legacy data centers are unable to handle the large volume of data generated by the digital economy and mobile applications.
• Hence, enterprises must back up their data securely in BaaS, which will help them prevent losses from natural disasters, power outages, human errors, and malfeasance.
• A scalable and comprehensive backup solution is essential, as it is easy to manage and flexible.
• These factors will support the growth of the market during the forecast period.

Major challenges hindering the market growth

• The possibility of failure during implementation is challenging the market growth.
• Failure during the implementation phase makes prospective clients favor traditional backup solutions such as hard disks over BaaS.
• Processes such as project management, vulnerability management, compliance, content management, event monitoring, access management, and managing huge servers and databases are time-consuming and complex.
• The complexity increases the chances of failure, which may direct end-users toward traditional backup solutions.
• These factors will impede market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this backup-as-a-service market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the backup-as-a-service market between 2022 and 2026
• Precise estimation of the size of the backup-as-a-service market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the backup-as-a-service market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of backup-as-a-service market vendors

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Related Reports:

The cloud backup and recovery market is estimated to grow at a CAGR of 18.43% between 2022 and 2027. The size of the market is forecasted to increase by USD 20,727.97 million. This report extensively covers market segmentation by sector (ICT, manufacturing, BFSI, healthcare, and others), end-user (large enterprises and SMEs), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The data center backup and recovery software market is estimated to grow at a CAGR of 11.5% between 2022 and 2027. The size of the market is forecasted to increase by USD 5,507.21 million. This report extensively covers market segmentation by type (data center operators, communication services providers, internet content providers, government, and others), deployment (cloud-based and on-premise), and geography (APAC, North America, Europe, Middle East, and Africa, and South America).

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Online backup - Market size and forecast 2021-2026
• Exhibit 28: Chart on Online backup - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Online backup - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Online backup - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Online backup - Year-over-year growth 2021-2026 (%)

• 5.4 Cloud backup - Market size and forecast 2021-2026
• Exhibit 32: Chart on Cloud backup - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Cloud backup - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Cloud backup - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Cloud backup - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Acronis International GmbH 
• Exhibit 89: Acronis International GmbH - Overview
• Exhibit 90: Acronis International GmbH - Product / Service
• Exhibit 91: Acronis International GmbH - Key offerings

• 10.4 Alphabet Inc. 
• Exhibit 92: Alphabet Inc. - Overview
• Exhibit 93: Alphabet Inc. - Business segments
• Exhibit 94: Alphabet Inc. - Key news
• Exhibit 95: Alphabet Inc. - Key offerings
• Exhibit 96: Alphabet Inc. - Segment focus

• 10.5 Amazon.com Inc. 
• Exhibit 97: Amazon.com Inc. - Overview
• Exhibit 98: Amazon.com Inc. - Business segments
• Exhibit 99: Amazon.com Inc. - Key news
• Exhibit 100: Amazon.com Inc. - Key offerings
• Exhibit 101: Amazon.com Inc. - Segment focus

• 10.6 Arcserve Inc. 
• Exhibit 102: Arcserve Inc. - Overview
• Exhibit 103: Arcserve Inc. - Product / Service
• Exhibit 104: Arcserve Inc. - Key offerings

• 10.7 Cisco Systems Inc. 
• Exhibit 105: Cisco Systems Inc. - Overview
• Exhibit 106: Cisco Systems Inc. - Business segments
• Exhibit 107: Cisco Systems Inc. - Key news
• Exhibit 108: Cisco Systems Inc. - Key offerings
• Exhibit 109: Cisco Systems Inc. - Segment focus

• 10.8 Commvault Systems Inc. 
• Exhibit 110: Commvault Systems Inc. - Overview
• Exhibit 111: Commvault Systems Inc. - Product / Service
• Exhibit 112: Commvault Systems Inc. - Key offerings

• 10.9 Dell Technologies Inc. 
• Exhibit 113: Dell Technologies Inc. - Overview
• Exhibit 114: Dell Technologies Inc. - Business segments
• Exhibit 115: Dell Technologies Inc. - Key news
• Exhibit 116: Dell Technologies Inc. - Key offerings
• Exhibit 117: Dell Technologies Inc. - Segment focus

• 10.10 Fujitsu Ltd. 
• Exhibit 118: Fujitsu Ltd. - Overview
• Exhibit 119: Fujitsu Ltd. - Business segments
• Exhibit 120: Fujitsu Ltd. - Key offerings
• Exhibit 121: Fujitsu Ltd. - Segment focus

• 10.11 Insight Enterprises Inc. 
• Exhibit 122: Insight Enterprises Inc. - Overview
• Exhibit 123: Insight Enterprises Inc. - Business segments
• Exhibit 124: Insight Enterprises Inc. - Key offerings
• Exhibit 125: Insight Enterprises Inc. - Segment focus

• 10.12 International Business Machines Corp.
• Exhibit 126: International Business Machines Corp. - Overview
• Exhibit 127: International Business Machines Corp. - Business segments
• Exhibit 128: International Business Machines Corp. - Key offerings
• Exhibit 129: International Business Machines Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 130: Inclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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