GLOBAL BACKUP-AS-A-SERVICE (BAAS) MARKET 2020-2024
Global Backup-as-a-service (baas) Market 2020-2024
Technavio has been monitoring the global backup-as-a-service (baas) market and it is poised to grow by USD 7.07 bn during 2020-2024, progressing at a CAGR of 28% during the forecast period. Our reports on global backup-as-a-service (baas) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand to shift from capex to opex model.In addition, exponential growth in volume of data is anticipated to boost the growth of the global backup-as-a-service (baas) market as well.
Technavio's global backup-as-a-service (baas) market is segmented as below:
- Online Backup
- Cloud Backup
- North America
- South America
Key Trends for global backup-as-a-service (baas) market growth
This study identifies exponential growth in volume of data as the prime reasons driving the global backup-as-a-service (baas) market growth during the next few years.
Prominent vendors in global backup-as-a-service (baas) market
We provide a detailed analysis of around 25 vendors operating in the global backup-as-a-service (baas) market, including some of the vendors such as Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc. and Oracle Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.