Global Industry Analysis

According to the report, global demand for  data backup software market  was valued at approximately USD 5.32 Billion in 2019 and is expected to generate revenue of around USD 10.41 Billion by end of 2027, growing at a CAGR of around 8.8% between 2020 and 2027 . Software and applications for data backup play a critical role in the safety, restoration and preservation of data in the event of any manual or natural disaster. Cloud data backup solutions are being adopted on a large scale leading to massive data growth thus pushing businesses to implement secure data backup software and services. Backup as a Service (BaaS) is a form of personalized applications and is being provided to the commercial customers by vendors for data backup and recovery solutions. Regular data backups are essential protection against data loss from a disaster. Data recovery mechanism requires client data to be preserved and archived, so that information can be recovered in the event of loss or abuse. Rising ado