Global Virtual Machine Backup and Recovery Market Research Report: by Agent Type (Agent-based, Agentless), Organization Size (Large Enterprise, Small and Medium-Sized Enterprise), Deployment (Cloud, On-Premise), Vertical (Banking, Financial Services and Insurance, IT and Telecommunications, Healthcare and Life Sciences, Government and Public Sector, Retail and Consumer Goods, Manufacturing, others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024
Virtual Machine Backup and Recovery Market Overview
According to Market Research Future, the global virtual machine backup and recovery market has been segmented based on agent type, organization size, deployment, vertical, and region/country.
Virtual machine backup and recovery is performed using conventional backup software and is a straightforward method, but it leads to resource contention. More resources are needed to execute a backup and recovery operation. This also can lead to a compromise in the virtual machine performance. The virtual machine-specific backup products cater to the issue of resource contention. These products capture point-in-time snapshots of the entire virtual machine state, which allows fast and complete restoration of the virtual machine.
The Global Virtual Machine Backup and Recovery Market is expected to register a CAGR of 7.5% during the forecast period to reach USD 2.21 Billion by 2025.
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The key players in the global virtual machine backup and recovery market are
By agent type, the global virtual machine backup and recovery market has been divided into agent-based and agentless. The agentless type is expected to grow at the highest CAGR during the forecast period.
Based on organization size, the market has been segmented into large enterprise and small- and medium-sized enterprise (SME). The large enterprise segment is expected to have a larger market share during the review period. While the SMEs segment is expected to register the higher CAGR.
By deployment model, the global virtual machine backup and recovery market have been divided into cloud and on-premise. The cloud segment is expected to exhibit higher CAGR during the forecast period.
On the basis of vertical, the global virtual machine backup and recovery market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, manufacturing, and others. The IT and telecom vertical is expected to be the largest segment and register the highest CAGR during the forecast period.
By region, the global virtual machine backup and recovery market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America.
The global virtual machine backup and recovery market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market as it is the most technologically advanced region. Also, the maximum number of leading market players are based in the US, which is expected to contribute to the market growth.
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