Backup-as-a-service Market Size to grow by USD 14.29 billion from 2020 to 2025 | Driven by Increasing Demand to Shift from CAPEX to OPEX Model | Technavio

Key Market Dynamics:

• Market Driver - The key factor driving growth in the backup-as-a-service market is the increasing demand to shift from CAPEX to the OPEX model. The key benefit of implementing BaaS solutions is the pay-per-use pricing model, i.e., clients have to pay for what they use. BaaS solutions are also flexible in terms of deployment models as cloud services are available in three deployment models: infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and SaaS. This allows clients to build their BaaS infrastructure as per business requirements. Industrial clients can select a range of these services depending on their IT budgets and business requirements. There is no fixed upfront cost required (in sharp contrast with on-premises IT infrastructure), which makes BaaS an affordable solution for enterprises.
• Market Challenges - The possibility of failure during implementation will be a major challenge for the backup-as-a-service market. The chance of failure during the implementation phase makes prospective clients skeptical about BaaS, and they may favor traditional backup solutions such as hard disks. Implementation is not a one-way process; it takes a considerable amount of time to perform various processes such as project management, vulnerability management, compliance, content management, event monitoring, access management, and managing huge servers and databases. These processes are complex and require flawless execution. The complexity of implementation increases the chances of failure, which may direct end-users toward traditional backup solutions.

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Segmentation Analysis

The backup-as-a-service market report is segmented by Application (Online backup and Cloud backup) and Geography (North America, APAC, Europe, South America, and MEA). 

• The backup-as-a-service market share growth by the online backup segment will be significant for revenue generation. The cost of online backup solutions makes them favorable for large and medium-sized enterprises and enterprises with critical data. Also, vendors are using 128-bit to 448-bit encryption to transfer the data over unsecured links, which builds trust between enterprises and service providers. This increases the adoption of online backup solutions by large and medium-sized enterprises.
• 37% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the backup-as-a-service market in North America. Market growth in this region 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, which is driving the growth of the information and communications technology (ICT) market in the region, will facilitate the backup-as-a-service market growth in North America over the forecast period. 

View our sample report for additional insights into the contribution of all the segments

Some Companies Mentioned

The backup-as-a-service market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Acronis International GmbH
• Alphabet Inc.
• Amazon.com Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Fujitsu Ltd.
• Microsoft Corp.
• NetApp Inc.
• Quantum Corp.
• International Business Machines Corp.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

1. Executive Summary

2. Market Landscape

 2.1 Market ecosystem

 Exhibit 01: Parent market

 2.2 Market Characteristics

 Exhibit 02: Market Characteristics

 2.3 Value chain analysis

 Exhibit 03: Internet Services and infrastucture market

 2.3.1 Inputs 

 2.3.2 Engineering phase

 2.3.3 Operations

 2.3.4 Marketing and sales 

 2.3.5 Support activities 

 2.3.6 Innovations 

3. Market Sizing

 3.1 Market definition

 Exhibit 04: Offerings of vendors included in the market definition

 3.2 Market segment analysis 

 Exhibit 05: Market segments

 3.3 Market size 2020 

 3.4 Market outlook: Forecast for 2020 - 2025 

 Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)

 Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis

 4.1 Five Forces Summary

 Exhibit 08: Five forces analysis 2020 & 2025

 4.2 Bargaining power of buyers

 4.3 Bargaining power of suppliers

 4.4 Threat of new entrants

 4.5 Threat of substitutes

 4.6 Threat of rivalry

 4.7 Market condition

 Market condition - Five forces 2020

5. Market Segmentation by Application

 The segments covered in this chapter are: 

• Online backup
• Cloud backup

 5.1 Market segments

 Exhibit 15: Application - Market share 2020-2025 (%)

 5.2 Comparison by Application

 Exhibit 16: Comparison by Application

 5.3 Online backup - Market size and forecast 2020-2025

 Exhibit 17: Online backup - Market size and forecast 2020-2025 ($ million)

 Exhibit 18: Online backup - Year-over-year growth 2020-2025 (%)

 5.4 Cloud backup - Market size and forecast 2020-2025

 Exhibit 19: Cloud backup - Market size and forecast 2020-2025 ($ million)

 Exhibit 20: Cloud backup - Year-over-year growth 2020-2025 (%)

 5.5 Market opportunity by Application

 Exhibit 21: Market opportunity by Application

6. Customer landscape

Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

 Exhibit 22: Customer landscape

7. Geographic Landscape

 The regions covered in the report are: 

• North America
• APAC
• Europe
• South America
• MEA

North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of around 5% between 2020 and 2025, which is slower than the overall market

 7.1 Geographic segmentation

 Exhibit 23: Market share by geography 2020-2025 (%)

 7.2 Geographic comparison

 Exhibit 24: Geographic comparison

 7.3 North America - Market size and forecast 2020-2025

 Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)

 Exhibit 26: North America - Year-over-year growth 2020-2025 (%)

 7.4 APAC - Market size and forecast 2020-2025

 Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)

 Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)

 7.5 Europe - Market size and forecast 2020-2025

 Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)

 Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)

 7.6 South America - Market size and forecast 2020-2025

 Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)

 Exhibit 32: South America - Year-over-year growth 2020-2025 (%)

 7.7 MEA - Market size and forecast 2020-2025

 Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)

 Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)

 7.8 Key leading countries

 Exhibit 35: Key leading countries

 7.9 Market opportunity by geography

 Exhibit 36: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends

 8.1 Market drivers

 8.1 Increasing demand to shift from CAPEX to OPEX model

 8.1.2 Growing need to simplify solutions for backup

 8.1.3 Need to comply with regulations

 8.2 Market challenges

 8.2.1 Possibilities of failure during implementation

 8.2.2 Bandwidth limitations among enterprises

 8.2.3 Data security and privacy concerns associated with cloud

 Exhibit 37: Impact of drivers and challenges

 8.3 Market trends

 8.3.1 Exponential growth in the volume of data

 8.3.2 Increasing use of IoT

 8.3.3 Rise in the number of cyberthreats

9. Vendor Landscape

 9.1 Competitive scenario

 9.2 Vendor landscape

 Exhibit 38: Vendor landscape

 9.3 Landscape disruption

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

 Exhibit 39: Landscape disruption

 9.4 Industry risks

 Exhibit 40: Industry risks

10. Vendor Analysis

 10.1 Vendors covered

 Exhibit 41: Vendors covered

 10.2 Market positioning of vendors

 Exhibit 42: Market positioning of vendors

 10.3 Acronis International GmbH

 Exhibit 43: Acronis International GmbH - Overview

 Exhibit 44: Acronis International GmbH - Product and service

 Exhibit 45: Acronis International GmbH-Key news

 Exhibit 46: Acronis International GmbH - Key offerings

 10.4 Alphabet Inc.

 Exhibit 47: Alphabet Inc. - Overview

 Exhibit 48: Alphabet Inc. - Business segments

 Exhibit 49: Alphabet Inc.- Key news

 Exhibit 50: Alphabet Inc. - Key offerings

 Exhibit 51: Alphabet Inc. - Segment focus

 10.5 Amazon.com Inc.

 Exhibit 52: Amazon.com Inc. - Overview

 Exhibit 53: Amazon.com Inc. - Business segments

 Exhibit 54: Amazon.com Inc.- Key news

 Exhibit 55: Amazon.com Inc. - Key offerings

 Exhibit 56: Amazon.com Inc. - Segment focus

 10.6 Cisco Systems Inc.

 Exhibit 57: Cisco Systems Inc. - Overview

 Exhibit 58: Cisco Systems Inc. - Business segments

 Exhibit 59: Cisco Systems Inc.-Key news

 Exhibit 60: Cisco Systems Inc. - Key offerings

 Exhibit 61: Cisco Systems Inc. - Segment focus

 10.7 Dell Technologies Inc.

 Exhibit 62: Dell Technologies Inc. - Overview

 Exhibit 63: Dell Technologies Inc. - Business segments

 Exhibit 64: Dell Technologies Inc.- Key news

 Exhibit 65: Dell Technologies Inc. - Key offerings

 Exhibit 66: Dell Technologies Inc. - Segment focus

 10.8 Fujitsu Ltd.

 Exhibit 67: Fujitsu Ltd. - Overview

 Exhibit 68: Fujitsu Ltd. - Business segments

 Exhibit 69: Fujitsu Ltd. - Key offerings

 Exhibit 70: Fujitsu Ltd. - Segment focus

 10.9 International Business Machines Corp.

 Exhibit 71: International Business Machines Corp. - Overview

 Exhibit 72: International Business Machines Corp. - Business segments

 Exhibit 73: International Business Machines Corp.- Key news

 Exhibit 74: International Business Machines Corp. - Key offerings

 Exhibit 75: International Business Machines Corp. - Segment focus

 10.10 Microsoft Corp.

 Exhibit 76: Microsoft Corp. - Overview

 Exhibit 77: Microsoft Corp. - Business segments

 Exhibit 78: Microsoft Corp.- Key news

 Exhibit 79: Microsoft Corp. - Key offerings

 Exhibit 80: Microsoft Corp. - Segment focus

 10.11 NetApp Inc.

 Exhibit 81: NetApp Inc. - Overview

 Exhibit 82: NetApp Inc. - Business segments

 Exhibit 83: NetApp Inc. - Key offerings

 Exhibit 84: NetApp Inc. - Segment focus

 10.12 Quantum Corp.

 Exhibit 85: Quantum Corp. - Overview

 Exhibit 86: Quantum Corp. - Business segments

 Exhibit 87: Quantum Corp. - Key news

 Exhibit 88: Quantum Corp. - Key offerings

 Exhibit 89: Quantum Corp. - Segment focus

11. Appendix

 11.1 Scope of the report

 11.1.1 Market definition

 11.1.2 Objectives

 11.1.3 Notes and caveats

 11.2 Currency conversion rates for US$

 Exhibit 90: Currency conversion rates for US$

 11.3 Research Methodology 

 Exhibit 91: Research Methodology

 Exhibit 92: Validation techniques employed for market sizing

 Exhibit 93: Information sources

 11.4 List of abbreviations

 Exhibit 94: List of abbreviations

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