General
The global Data Center Backup and Recovery Solutions market size is expected to reach USD 18.87 Billion at a revenue CAGR of 11.2% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of Data Center Backup and Recovery Solutions can be attributed to high increase in data volume and growing use of data by enterprises to make informed decision to achieve business goals. A primary advantage of data center backup and recovery solutions is increased reliability and uninterrupted flow of business operations. Data center backup and recovery solutions allows data centers to recover data or maintain continuation of essential IT infrastructure due to various reasons, including hardware impairment, viruses, power failure, or natural disasters. Additionally, increasing digital transformation across various enterprises, especially in small and medium-sized enterprises and growing adoption of cloud-based services are fueling demand for data center backup and recovery solutions.
Increasing investments in expansion of data centers is significantly driving the growth of data center backup and recovery solutions market. Data centers are vital assets for enabling sustained growth in companies by offering uninterrupted access to their IT systems and cater to data storage demands integrating both physical and cloud storage capabilities. Factors, including growth of hyperscale companies such as Microsoft, AWS, and Google, rapid adoption of cloud computing, and growing need of data center operators for geographic breadth account for increased emphasis on construction of new data centers. By 2021, it is estimated that total spending on worldwide data center infrastructure would reach USD 200.00 billion. Also, surging demand by data center operators to increase their offerings, along with simultaneously increasing number of markets and locations they offer their services is driving data center backup and recovery solutions market revenue growth.
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