Companies operating in the virtual machine backup and recovery market are increasingly investing in research and development to develop new and innovative techniques to provide virtual machine backup and recovery platform. The virtual machine backup and recovery market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global virtual machine backup and recovery market are Veeam Software, Veritas Technologies LLC, VMware, Inc., Microsoft Corporation, Commvault Systems Inc, Acronis International GmbH, IBM Corporation, Vembu Technologies, Rackspace Inc., Quest Software Inc., MSP 360, Micro Focus, Storix, Inc., Cisco System, Inc, NetJapan, Inc., and SEPUSA
Virtual machine backup and recovery is method that reduces the amount of data across the enterprises. Furthermore, virtual machine backup and recovery is a method that optimizes the operation of restoring data. Virtual machine backup is an important task performed by backup and storage administrators.
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The COVID-19 outbreak has been the main catalyst for a rise in the adoption of virtual machine backup and recovery. Enterprises, organizations, and governments are currently focusing on securing data from cyber-attacks across the globe. The pandemic outbreak is likely to pose a huge risk of data escape from a third-party. Governments across the world have ramped up measures to adopt virtual machine backup and recovery platforms to swiftly respond to the COVID-19 crisis. This is expected to propel the demand for virtual machine backup and recovery among government agencies to ensure data privacy, in response to increase in cyber espionage and fraudulent activities.
Global Virtual Machine Backup and Recovery Market: Market Dynamics
The huge volume of online data generated in enterprises or organizations is crucial for their long-term goals. Therefore, the need to secure this data is important to enterprises. Virtual machine backup and recovery is an advanced technology that is used by these enterprises to protect against loss of data. This is a key factor boosting the market.