It is imperative for businesses to proactively plan and implement data backup strategies that protect against accidental data deletion and enable quick data recovery. Therefore, data backup and recovery are crucial components for maintaining the integrity of an organization's data. Businesses and organizations recognize that computer crashes and human errors can occur during regular operations. Data backup involves copying and preserving data to ensure its availability in the event of data damage or loss. Additionally, the market is expected to benefit from the exponential growth of data volume and the increasing adoption of the internet and smartphones.ĭata backup and recovery refers to the process of safeguarding data against loss and implementing secure methods for data restoration. Key factors driving the growth of market revenue during this period include the increasing risks of data breaches, the growing adoption of cloud data backup, and the rising trend of digitalization.
NEW YORK, NY, UNITED STATES, June 26, 2023/ / - The global data backup and recovery market size was valued at USD 9.69 Billion in 2021, and it is projected to experience a revenue compound annual growth rate (CAGR) of 9.8% throughout the forecast period.
The global data backup and recovery market size was USD 9.69 Billion in 2021, and is expected to register a revenue CAGR of 9.8% during the forecast period.
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