The Europe Data Backup and Recovery Market would witness market growth of 9.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Data Backup and Recovery Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,573.9 million by 2031. The UK market is exhibiting a CAGR of 8.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.5% during (2024 - 2031).
One of the primary drivers of this market is the increasing volume of data enterprises generate. In the present day, businesses generate an immense volume of structured and unstructured data from a variety of sources, such as financial transactions, consumer interactions, IoT devices, artificial intelligence applications, and real-time analytics.
Government regulations and compliance requirements have also played a crucial role in shaping this market. Industries such as healthcare, finance, and government agencies must adhere to strict data protection laws such as GDPR (General Data Protection Regulation), HIPAA (Health Insurance Portability and Accountability Act), and CCPA (California Consumer Privacy Act).
With businesses relying more on cloud computing, AI, and IoT, the need for scalable and automated backup solutions has become critical. The implementation of strict data protection laws, such as the General Data Protection Regulation (GDPR), has made secure data storage and recovery solutions a necessity across industries. The UK’s media and entertainment sector is undergoing a massive digital shift, generating vast amounts of high-resolution video content, digital streaming data, and user-generated content that require secure storage and backup solutions. The rise of streaming services like BBC iPlayer, Netflix UK, and Amazon Prime Video has led to an explosion of media files that must be protected against data loss, corruption, or cyber threats. In addition, sports broadcasting and gaming companies are adopting cloud-based disaster recovery solutions to ensure the real-time backup of live events and gaming data. Thus, Europe’s strong regulatory landscape, technological advancements, and rising cyber risks will drive sustained growth in the data backup and recovery market for years.
Free Valuable Insights: The Global Data Backup and Recovery Market will Hit USD 27.86 Billion by 2031, at a CAGR of 10.1%
Based on Type, the market is segmented into Software (Data Replication, Data Reduction, and Data Retention), and Services (Professional, and Managed Services). Based on Application, the market is segmented into Media Storage Backup, Application Backup, and Email Backup. Based on Organization Type, the market is segmented into Small & Medium Sized, and Large. Based on Deployment, the market is segmented into On-Premises, and Cloud. Based on Vertical, the market is segmented into BFSI, Government, Manufacturing, Healthcare, Media & Entertainment, Retail, Telecom & IT, Education, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type
By Application
By Organization Type
By Deployment
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By Country
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