The backup storage market in 2022

Backup storage is the physical hardware that houses the copies of data made during a backup process. Storage solutions specifically designed for backups accommodate rapid retrieval and regular updating of content.

Unlike cold storage or digital archiving solutions, backup storage is used to house data to be recovered in the event of natural disasters or cyber threats.

See below to know everything about the global backup storage market:

Backup Storage Market

The backup storage market is a segment of the data backup and recovery market, which was valued at around $8.4 billion in 2020. Expected to maintain a compound annual growth rate (CAGR) of 8.8% over the analysis period from 2020 to 2027, it is expected to reach $15.2 billion by the end of it.

Regionally, the global backup storage market is segmented as follows:

  • The US market was estimated at $2.3 billion in 2020, with a share of 27.3%
  • The Chinese market is expected to grow at a CAGR of 11.7% over the analysis period, reaching $3.2 billion by 2027
  • Japan and Canada are expected to grow at a CAGR of 6% and 7.4% over the forecast period
  • In Europe, Germany is expected to maintain one of the highest CAGRs at 6.8%
  • The Asia-Pacific segment, led by Australia, India and South Korea, is expected to reach $2.1 billion by 2027
  • The Latin America segment is expected to maintain a CAGR of 11% over the analysis period

By industrydifferent sectors drive market demand:

  • THIS
  • Telecommunications
  • Detail
  • Banking, Financial Services and Insurance (BFSI)
  • Government
  • Health care
  • Media and entertainment
  • Manufacturing
  • Education

Backup storage features

Backup storage refers to a variety of data storage solutions that can be divided into two main categories, depending on the storage location:

On-premises backup storage

On-premises backup, or onsite backup, is a type commonly used by large enterprises working in data-sensitive industries, such as finance and insurance.

Instead of transporting data offsite for backup, storage servers are located somewhere near main or remote offices.

Several types of storage solutions can be used for onsite backups, such as hard disk drives (HDDs), tape drives, and solid-state drives, depending on storage capacity.

Cloud-based backup storage

Cloud backup storage can be achieved by outsourcing backup needs to a third-party service provider or by renting private, public, or hybrid cloud space to be managed for data backup purposes.

The data is sent to the cloud server, where it can be viewed and retrieved when needed.

The service provider is responsible for maintaining the cloud infrastructure. The choice between public, private, and hybrid cloud can be influenced by the type of data stored and data management regulations.

AI and backup storage

Backup storage solutions alone depend on human guidance. Whether it’s managing stored data or scheduling maintenance that doesn’t interfere with set update times.

By introducing machine learning (ML) and artificial intelligence (AI) into the equation, data backup solutions become more autonomous and automated. Not only will smarter backup storage solutions save time, but they could also predict and prevent system failures.

“Automation has long played a key role in data management. … It then got a bit more sophisticated with things like automated discovery and protection for new workloads,” says Simon Jelleymember of the Forbes Business Council.

“AI is also currently helping to predict hardware failures in backup storage devices and allowing affected hardware to be replaced before failure to avoid impact on backup performance and recovery failures.”

Benefits of Backup Storage

Having a dedicated solution for backup storage is essential for data-driven businesses managing business and customer data.

Some benefits of data backup storage include:

  • Achieve regulatory compliance
  • Reduction of on-site IT costs
  • Reduce the workload of IT teams
  • Enable data recovery in case of emergency
  • Mitigation of damage caused by ransomware and malware
  • Build customer trust

“Organizations that obtain data from their customers, such as online stores or insurance agencies, have a high risk and a huge responsibility to protect their consumers’ data,” according to a Rewind article.

“With the sudden increase in privacy regulations, organizations have an added responsibility to secure their consumers’ data and protect it from loss or breach. Failure to do so can result in hefty fines and penalties. In reality, every organization should have a backup and recovery plan in place. »

Backup Storage Use Cases

With the widespread demand for backup storage solutions, vendors are offering a variety of options to organizations:

Point Loma Nazarene University

Point Loma Nazarene University (PLNU) is a private liberal arts school located in San Diego. The university teaches over 60 different subject areas to its 3,000 students.

PLNU had its own tape library and stored all its critical data on site. With its storage hardware becoming obsolete, the university sought a different solution for its infrastructure.

Working with Clumio, PLNU has diversified its data storage and backup system to include cloud backups on AWS and onsite backups that can be managed through the same software.

“The fact that we can unify our backup and retention policies across all the different technologies we use is amazing. I look forward to the next thing Clumio will add to the platform,” says Joe Alcorninfrastructure manager, PLNU.

“While one of our biggest concerns was budget, we were certainly hoping to find a solution that offered more than just a cost-effective solution.”

PLNU was able to save more than 20% in data management costs, restore a server in 30 minutes, and protect three different data sources.

Woodward

Woodward is a designer, manufacturer and supplier of industrial control systems and their components. Based in Fort Collins, Colorado, its products include aircraft engines, generator sets, mobile industrial equipment, and industrial engines and turbines.

Woodward struggled with slow backups and inconsistent data policies that resulted in gaps in its data protection. It was also looking for centralized management for its backup and disaster recovery.

Working with Commvault, Woodward used Complete Data Protection for on-premises cloud and AWS, which allowed them to unify their backup and data management solutions across 25 sites.

“Our existing backup products did not meet our needs. … Any restoration requests that have come our way, we just crossed our fingers and did our best to recover,” says Loren Levequesenior director of IT and systems networking, Woodward.

“Commvault to the rescue. Our long-standing backup and restore issues are now a thing of the past.

With Commvault, Woodward was able to save 10 hours per week on data administration tasks, reduce SQL backup from 24 hours to 15 minutes, and achieve over 70% data reduction through duplication.

IGZ

IGZ offers a range of SAP-assisted services and integration with the SAP software suite. Based in Brandenburg, Germany, it offers solutions for the optimization and management of complex processes in the areas of logistics, production, distribution and transport.

IGZ works around the clock with its customers to ensure optimal working conditions for its solutions. This creates the need for a data storage and backup solution that can handle massive amounts of incoming data at all times.

Working with NetApp, IGZ implemented an all-flash data storage system and used NetApp Snapshot for backup, operating in two separate buildings with its four VMware ESX servers and 120 virtual machines (VMs).

“NetApp’s data fabric concept was the sweet spot. No other provider could offer this kind of future prospects. This also convinced our management,” says Matthias Schmidtsystem administration team leader, IGZ.

“I would always recommend companies with similar needs to use a solution from NetApp. With our current setup, we are ideally positioned for the years to come.

By moving to NetApp, IGZ achieved 13x higher IOPS, gained 200% more storage capacity, and reduced its storage footprint by 85%.

Backup Storage Providers

Some of the leading backup storage solution and service providers in the market include:

  • CA Technologies
  • Dell Technologies
  • Oracle
  • NetApp
  • IBM
  • Hewlett Packard Enterprise (HPE)
  • Microsoft
  • Commvault
  • Unit trends
  • Veritas

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