USD 1.19 billion
Virtual Machine Backup and Recovery Market Size, Share, Growth Analysis, By Deployment(Cloud and On-Premises), By Enterprize Size(SME and Large Enterprize), By Industrial Vertical(Government, Healthcare, IT & Telecom, Media & Entertainment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2260 |
Region:
Global |
Published Date: April, 2024
Pages:
199
|Tables:
88
|Figures:
71
Virtual Machine Backup and Recovery Market Insights
Global Virtual Machine Backup and Recovery Market size was valued at USD 1.19 billion in 2022, USD 2.04 million in 2023 and is projected to grow USD 3.25 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).
Conventional backup software could be used for virtual server backups. Every virtual machine has backup software installed, and the backup operates normally to a traditional backup destination. This can result in competition for resources. The extra resources required to carry out a backup could jeopardies the virtual machines' performance on the real server being backed up. To address the issue of resource contention, virtualization-specific backup products are used, which interface directly with the virtualization platform and record point-in-time snapshots of the complete virtual system. The market dynamics appear to be trending upward, based on the growth trajectory. Expected growth indicates strong growth rates for the projected period. In general, the market is ready for big growth.
The primary drivers of the agentless virtual machine backup and recovery market are the growing need to prevent environmental loss and the critical nature of virtual machine backup or virtual server backup, and recovery carried out by storage and backup administrators. Companies are becoming more susceptible to cybercrime as a result of the vast volume of data generated by small, medium, and large businesses worldwide, the increase in network security risks and cyberattacks, and the sharing of massive amounts of data both internally and externally. This is driving the expansion of the agentless industry. Over the course of the forecast period, the agentless virtual machine backup and recovery market is expected to face challenges due to growing concerns about the relative efficiency of virtual machines vs real computers.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
On premises
Growth Rate
6.9% CAGR
Global Virtual Machine Backup and Recovery Market ($ Bn)
Country Share for North America (%)
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Virtual Machine Backup and Recovery Market Segmental Analysis
The global virtual machine backup and recovery market is segmented based on deployment, enterprise size, industrial vertical and regional type. In terms of deployment, the market is bifurcated into clouds and on-premises. Based on enterprise size, the market is divided into SME and large enterprise. Based on industrial vertical, the market is segmented into government, healthcare, IT & telecom, media & entertainment, BFSI and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Analysis by Deployment
As per categorization by deployment, the market is classified into cloud and on premises. Among these, cloud earned the largest share and continues to dominate the market. The use of cloud technologies and innovation in the virtual machine backup and recovery market is growing significantly. Cloud-based solutions are becoming more and more popular among organizations all around the world due to their scalability, flexibility, and affordability. Cloud-based backup and recovery solutions are becoming essential for guaranteeing data integrity and business continuity due to the growing dependence on virtualization. In order to meet the varying needs of enterprise customers, providers are incorporating cutting-edge capabilities like automation and AI-driven analytics to improve backup and recovery processes' dependability and efficiency.
On-premises deployments are growing at a considerable rate in the Global Virtual Machine Backup and Recovery Market, despite the widespread acceptance of cloud-based solutions. Numerous causes, such as strict data security laws, the need for more control over sensitive data, and worries about data sovereignty, are driving this trend. Furthermore, on-premises solutions are preferred by many organizations due to their perceived dependability and decreased reliance on external network access. The fastest-growing market sector is on-premises virtual machine backup and recovery, which is a result of these factors driving up demand for these solutions.
Analysis by Enterprize Size
Small and medium-sized businesses (SMEs) in the global virtual machine backup and recovery market are using creative solutions that are customised to meet their unique requirements and limitations. SMEs are embracing virtualization technology more and more as a result of expanding digitization, which calls for effective backup and recovery plans. In response, vendors are providing SME requirements with scalable and affordable solutions that include pay-as-you-go pricing methods and streamlined administrative interfaces. This innovation is fueling market expansion in this area by enabling SMEs to effectively safeguard their vital data assets.
Due to a number of variables, large companies are expected to develop at the quickest rate in the global virtual machine backup and recovery market. First off, in order to maintain business continuity, the size of operations and the amount of data produced demand extensive backup and recovery solutions. Secondly, large enterprises often operate in complex IT environments with diverse virtualization platforms, requiring sophisticated backup and recovery capabilities. Additionally, the increasing prevalence of cyber threats and regulatory compliance mandates further drive the demand for robust backup and recovery solutions among large enterprises, positioning them as the fastest-growing segment in the market.
Global Virtual Machine Backup and Recovery Market By Deployment (%)
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Virtual Machine Backup and Recovery Market Regional Insights
As virtual machines are becoming more and more popular in the region, North America has the largest market share. Due to its advanced technological infrastructure and status as the home base of several major firms, including IBM Corporation and VMware, Inc., the US dominates the industry in North America. Key actors perform a variety of actions, such as forming alliances with other tech companies to improve and distribute their solutions.
Over the course of the forecast period, Asia-Pacific is expected to develop at the quickest rate in the worldwide virtual machine backup and recovery market. The primary factors propelling the market's expansion in Asia-Pacific are the growing volume of vital data and the increasing use of virtual machine backup and recovery services across industries. Latin America and the Middle East and Africa are showing encouraging growth in the global virtual machine backup and recovery market. Due to increased expenditures in IT infrastructure and expanding levels of digitalization, South Africa in the Middle East and Africa and Brazil in Latin America are emerging as the fastest-growing nations among them.
Global Virtual Machine Backup and Recovery Market By Geography
- Largest
- Fastest
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Virtual Machine Backup and Recovery Market Dynamics
Drivers
Growing Reservations about Data Security
- Data security is becoming more and more important for organisations across all industries due to the increasing frequency and sophistication of cyberattacks. Solutions for virtual machine backup and recovery provide crucial defences against ransomware assaults and data loss. The need for reliable backup and recovery solutions is rising globally as the need of protecting important data assets is becoming more and more apparent.
Increased Use of Technologies related to Virtualization
- Modern IT infrastructures are changing as virtualization technologies, such cloud platforms and hypervisors, proliferate. With virtualization gaining popularity among enterprises due to its scalability and efficiency advantages, trustworthy backup and recovery solutions for virtual machines become essential. Due to this tendency, the market for virtual machine backup and recovery is growing globally as more businesses look to secure their virtualized environments.
Restraints
Implementation and Management Complexity
- Solutions for virtual machine backup and recovery can be difficult to implement and manage, particularly for businesses with little IT experience or resources. The complexity of setting up, keeping track of, and troubleshooting these solutions would prevent some companies from completely using them, which would limit market expansion.
Expense Factors
- Solutions for virtual machine backup and recovery can be highly expensive, even though they have a lot to offer in terms of data security and business continuity. The total cost of ownership includes things like licencing fees, hardware needs, and continuing maintenance costs. For budget-conscious businesses, especially small and medium-sized ones, this can be problematic.
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Virtual Machine Backup and Recovery Market Competitive Landscape
Due to the increase in demand in many industries, the virtual machine backup and recovery market has been experiencing strong demand worldwide. To bolster their position in the market and meet the needs of businesses across verticals, major players have chosen partnerships and new product development as their primary organic growth strategy. For example, in May 2019, Veeam Software (Switzerland) and Fujitsu (Japan), two of the industry's top players, teamed.
Top Player’s Company Profiles
- Veeam Software (Switzerland)
- Veritas Technologies LLC (US)
- VMware, Inc. (US)
- Microsoft Corporation (US)
- Acronis International GmbH (Switzerland)
- IBM Corporation (US)
- Vembu Technologies (India)
- Rackspace Inc. (US)
- Quest Software Inc. (US)
- MSP 360 (US)
- Micro Focus (UK)
- Storix, Inc. (US)
- Cisco System, Inc (US)
- NetJapan, Inc. (Japan)
Recent Developments
- In September 2023, Veeam announced the release of Veeam Backup for AWS, which makes it simple for businesses to safeguard their workloads on Amazon Web Services (AWS). This innovation improves data safety and resilience in the cloud by giving users complete backup and recovery options for their AWS virtual machines, in response to the growing popularity of cloud-native environments.
- In November 2022, Commvault and VMware extended their collaboration with the release of Metallic Backup for VMware Cloud. By utilizing Commvault's experience with data management and protection, this solution provides virtual machines running VMware with streamlined backup and recovery processes. Organizations can effectively protect their essential virtualized workloads with Metallic Backup for VMware Cloud's easy integration into VMware systems.
- In July 2023, Acronis revealed how Cyber Protect Cloud and Microsoft Azure are integrated. This release streamlines the backup and recovery procedure for Azure virtual machines by allowing users to install Acronis Cyber Protect Cloud straight from the Azure Marketplace. Through the utilization of Acronis' extensive cybersecurity capabilities and Azure's scalability, enterprises can effectively improve their data resilience and counteract cyber-attacks in the cloud.
Virtual Machine Backup and Recovery Key Market Trends
- Strategies for Competitive Advantage: Within the larger IT industry, the virtual machine backup and recovery market is a vibrant and quickly developing segment. Businesses in this industry use a range of market share positioning techniques to get an advantage over their competitors and satisfy the increasing needs of enterprises that depend on virtualized environments. Product differentiation is a well-known tactic where businesses concentrate on creating special features and capabilities that set their solutions distinct from rivals. This could involve smoother integration with well-known virtualization platforms, quicker recovery times, or sophisticated backup algorithms.
- Partnerships in the Virtual Machine Backup and Recovery Sector: Another important component of gaining market dominance in the virtual machine backup and recovery industry is forming collaborative alliances. Forming strategic partnerships with cloud service providers, virtualization platform providers, and other important actors in the IT ecosystem can greatly expand a business's market share and influence. Businesses can get a competitive edge by giving users a more seamless and effective experience through the integration of their solutions with well-known platforms and services.
Virtual Machine Backup and Recovery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, global demand for virtual machine backup and recovery solutions is being driven by growing concerns about data security. Organizations are realizing the value of protecting important data assets against an increasing number of cyberattacks, and the growing adoption of virtualization technologies emphasizes the need for dependable backup and recovery solutions to maintain data integrity and business continuity in contemporary IT infrastructures. Virtual machine backup and recovery solutions can be difficult to implement and manage for companies with limited IT resources, which could impede their uptake and market expansion. Additionally, the high costs of these solutions—which include maintenance and licensing fees—may put off cost-conscious companies, especially small and medium-sized ones. Strong demand in a variety of industries is driving major players in the virtual machine backup and recovery market to priorities partnerships and new product development in order to fortify their market positions and meet a wide range of business needs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.19 billion |
| Market size value in 2031 | USD 3.25 billion |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Virtual Machine Backup and Recovery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Virtual Machine Backup and Recovery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Virtual Machine Backup and Recovery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Virtual Machine Backup and Recovery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Virtual Machine Backup and Recovery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Virtual Machine Backup and Recovery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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