The North America Data Backup and Recovery Market is expected to witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Data Backup and Recovery Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.50 billion by 2031. The Canada market is experiencing a CAGR of 11.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10.8% during 2024-2031.
the digital era. In order to enhance customer experience, drive decision-making, and obtain a competitive advantage, organizations across industries heavily rely on data. With the exponential increase in data generation, storage, and processing, the risk of data loss has grown significantly.
Data backup and recovery refer to duplicating and storing data in a secure location to prevent loss and ensure its retrieval in case of an unexpected failure. Backup solutions can be deployed on-premises, in the cloud, or through hybrid models that combine both environments. On the other hand, recovery involves restoring lost, corrupted, or inaccessible data to its original state, enabling organizations to resume operations with minimal downtime.
Cloud-based backup solutions are becoming more and more necessary in Canada as a result of the increased usage of cloud computing and the transition to hybrid work environments. The Canadian Digital Charter Implementation Act and the country’s Personal Information Protection and Electronic Documents Act (PIPEDA) require businesses to maintain strict data governance and backup policies, encouraging investments in cloud-integrated disaster recovery. Organizations are progressively implementing multi-cloud backup strategies to guarantee seamless access and protection of business-critical data, as a substantial portion of the workforce operates in hybrid or remote environments. Additionally, the country’s growing small and medium-sized enterprise (SME) sector, which accounts for nearly 98% of all businesses, is fueling demand for cost-effective and scalable backup solutions that do not require heavy infrastructure investments. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
The US market dominated the North America Data Backup and Recovery Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.50 billion by 2031. The Canada market is experiencing a CAGR of 11.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10.8% during 2024-2031.
the digital era. In order to enhance customer experience, drive decision-making, and obtain a competitive advantage, organizations across industries heavily rely on data. With the exponential increase in data generation, storage, and processing, the risk of data loss has grown significantly.
Data backup and recovery refer to duplicating and storing data in a secure location to prevent loss and ensure its retrieval in case of an unexpected failure. Backup solutions can be deployed on-premises, in the cloud, or through hybrid models that combine both environments. On the other hand, recovery involves restoring lost, corrupted, or inaccessible data to its original state, enabling organizations to resume operations with minimal downtime.
Cloud-based backup solutions are becoming more and more necessary in Canada as a result of the increased usage of cloud computing and the transition to hybrid work environments. The Canadian Digital Charter Implementation Act and the country’s Personal Information Protection and Electronic Documents Act (PIPEDA) require businesses to maintain strict data governance and backup policies, encouraging investments in cloud-integrated disaster recovery. Organizations are progressively implementing multi-cloud backup strategies to guarantee seamless access and protection of business-critical data, as a substantial portion of the workforce operates in hybrid or remote environments. Additionally, the country’s growing small and medium-sized enterprise (SME) sector, which accounts for nearly 98% of all businesses, is fueling demand for cost-effective and scalable backup solutions that do not require heavy infrastructure investments. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company
- Broadcom, Inc.
- Dell Technologies, Inc.
- Commvault Systems, Inc.
- NetApp, Inc.
- Veritas Technologies LLC (The Carlyle Group)
- Barracuda Networks, Inc. (KKR & Co. Inc.)
Market Report Segmentation
By Type
- Software
- Data Replication
- Data Reduction
- Data Retention
- Services
- Professional
- Managed Services
By Application
- Media Storage Backup
- Application Backup
- Email Backup
By Organization Type
- Small & Medium Sized
- Large
By Deployment
- On-Premises
- Cloud
By Vertical
- BFSI
- Government
- Manufacturing
- Healthcare
- Media & Entertainment
- Retail
- Telecom & IT
- Education
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Data Backup and Recovery Market by Type
Chapter 6. North America Data Backup and Recovery Market by Application
Chapter 7. North America Data Backup and Recovery Market by Organization Type
Chapter 8. North America Data Backup and Recovery Market by Deployment
Chapter 9. North America Data Backup and Recovery Market by Vertical
Chapter 10. North America Data Backup and Recovery Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company
- Broadcom, Inc.
- Dell Technologies, Inc.
- Commvault Systems, Inc.
- NetApp, Inc.
- Veritas Technologies LLC (The Carlyle Group)
- Barracuda Networks, Inc. (KKR & Co. Inc.)
Methodology
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