The high volume of data generation leading to the increasing adoption of online backup solutions

The high volume of data generation leading to the increasing adoption of online backup solutions and services is one of the major factors driving the growth of the online backup software market. Moreover, increasing the adoption of SaaS is another factor anticipated to drive the growth of the online backup software market.

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The online backup contains backing up of electronic data by sending a copy of the data over the exclusive or public network to a remote network server. Recovery and online backup play an energetic role in the business continuity strategy. The adoption of cloud backup offers additional benefits such as cost-saving, security, storage, and virtualization of the data.

The global online backup software is segmented on the basis of deployment, user type, and industry vertical. On the basis of deployment, the segmented as cloud based, web based. On the basis of user type, the segmented as large enterprises, small & medium enterprises. On the basis of industry vertical, the segmented as BFSI, government, healthcare, telecom & IT, retail, manufacturing, others.

Some of the key players influencing the market are

Acronis International GmbH, Arcserve, Backblaze, Carbonite, Inc, Druva Inc, NAKIVO, Inc., Softland, SolarWinds MSP, Veeam Software, Vembu Technologies