Backup-as-a-service Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2025
“Rise in technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near future. Surge in data recovery options and the need for cloud-based backup-as-a-service enhances the market growth in the near future.�
The global backup-as-a-service market is expected to grow at a CAGR of 27.04% during the forecast period. Business processes are being more digitized and data is growing rapidly across a wide range of sources from desktop to cloud. Due to rapid adoption of cloud computing and SaaS, data size has almost quadrupled since the last decade. Decentralization has become a major challenge in protecting information within a ready accessible format while maintaining a regulatory compliance. Backup-as-a-service (BaaS) is an upcoming technology that enables a broad range of application and data sources ensuring backup service and data regulatory compliance. Backup-as-a-service market is driven by increase in computing services, computing infrastructure and rise in public-private partnership models in the digital space. Rise in technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near future. Surge in data recovery options and the need for cloud-based backup-as-aservice enhances the market growth in the near future. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/backup-as-a-service-baas-market/request-sample By deployment model, market is segmented as public cloud, private cloud and hybrid cloud. Private cloud deployment category is likely to dominate the market growth during the forecast period. By organization size, market is segmented as small enterprises, medium enterprises and large enterprises. End-user segmentation for backup-as-a-service market includes healthcare, research & development, media & entertainment, government and public sectors, banking, financial and insurance sectors.