Global SaaS Backup Market Size, Trends & Growth Opportunity, By Type (Cloud-Based, and Web Based), By Application (Small and Medium Size Enterprises, and Large Enterprises), By Region and Forecast from 2022- 2027

Global SaaS Backup Market 
The global SaaS backup market was valued at US$ 1425.08 Mn in 2021 and it is expected to reach at US$ 4220.5 Mn by 2027, growing at a CAGR of 9.42% over the forecast period. 
SaaS backup is a technology that stores and protects data generated by SaaS products. This includes any software that is licensed and delivered via the cloud rather than installed on-premises. SaaS stores this data elsewhere on the cloud or on-premises, so that if the SaaS products fail, the data is safe.
SaaS backup solutions offer enterprises infrastructure and application support at a lower cost than on-premises solutions. Companies can use these solutions to reserve and pay for only the amount of data they require and actively use. This assists businesses in lowering their capital and operational expenditures on IT infrastructure.

Market Drivers: Growing adoption of cloud technology across all the vertical
Over the last five years, IT spending has steadily shifted from traditional on-premises offerings to cloud services, and this trend is expected to continue.
Because of the increased need for frequent data protection and the growing data explosion, there is a high demand for data replication in order to back it up. This has increased demand for cloud backup, in which a large amount of data can be backed up to a remote cloud-based server. While traditional backups face several challenges such as mismanagement by companies and server failure, cloud backup solutions for backup and recovery enable automatic backup of data and aid in the streamlining and sharing of important business documents, assisting companies to improve business transparency and efficiency.

Market Restraints: Resistance to the adoption of SaaS backup solution & services due to time consuming recovery process
Small and medium-sized businesses are very resistant to SaaS backup market adoption. SME prefer on-premise solutions because of their increased security and dependability. This factor reduces the demand for SaaS backup services.

Market Opportunity: Acquisition creates opportunity in the market
The market acquisition is expected to create significant opportunity.
For example, in November 2020, Zix Corporation, a technology company headquartered in Dallas, Texas, acquired CloudAlly. The acquisition aims to expand its backup solutions portfolio to include Microsoft Office 365 and Google Workspace.

Global SaaS Backup Market Analysis and Forecast by Type
The Global SaaS Backup Market Analysis and Forecast by Type is categorized into web based and cloud based.
Cloud based SaaS backup dominate the market. It has accounted for 76.1% market share in 2020. Cloud based segment is expected to create significant opportunity over the forecast period. In recent years, the need for meeting regulatory and compliance needs is constantly increasing due to the changing business needs, increasing data breaches and cyber-attacks, and rising data security concerns. 
In addition to this, companies have to strive to survive in the market by taking measures to meet regulatory needs and prevent financial penalties, prevent customer and revenue losses, and avoid exposure to legal actions. This factor hinders the market growth 

Global SaaS Backup Market Analysis and Forecast by Application
The Global SaaS Backup Market Analysis and Forecast By application is categorized into large and SME
Large enterprise dominates the market. It has accounted for 79.4% market share in 2020. This is due to large enterprises are concerned about the initial implementation and maintenance costs of hosting data on-premises. 
Moreover, staff expenses and issues with downtime are a few additional concerns for enterprises. The existing competition and global economic situations have accelerated the adoption of cost-effective measures to restructure business models.  This leads to increase adoption of SaaS back up market.

Global SaaS Backup Market Analysis and Forecast by Region
North America is the market leader in SaaS Backup. The SaaS Backup market in Europe is rapidly expanding. Due to the increasing size of high data generation in many countries, Asia-Pacific countries such as China, Japan, and India are expected to be the fastest growing region in the Cloud Backup market.
Many factors are driving the demand for cloud backup, including lower costs and greater efficiency than on-premises backup, massive amounts of data generation, and growing SaaS adoption. As organisations increase their adoption of cloud computing, the cloud backup market is expected to gain significant traction during the forecast period.

Market Key Players
Some key operating players are discussed in this report such as SolarWinds, Spanning, Acronis, OwnBackup, Datto, UpSafe, BackupBuddy, Relational Junction, Barracuda, Mail Backup,etc. 

Market Taxonomy
By Type
• Cloud-Based
• Web Based

By Application
• Small & Medium Size Enterprises
• Large Enterprises

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global SaaS Backup Market 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global SaaS Backup Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global SaaS Backup Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global SaaS Backup Market Share Analysis, By Type 
5.3 Global SaaS Backup Market Size and Forecast, By Type
5.3.1 Cloud-Based
5.3.2 Web Based
6 Global SaaS Backup Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global SaaS Backup Market Share Analysis, By Application
6.3 Global SaaS Backup Market Size and Forecast, By Application
6.3.1 Small and Medium Size Enterprises 
6.3.2 Large Enterprises
7 Global SaaS Backup Market, By Region
7.1 Global SaaS Backup Market Share Analysis, By Region
7.2 Global SaaS Backup Market Share Analysis, By Region
7.3 Global SaaS Backup Market Size and Forecast, By Region
8 North America SaaS Backup Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America SaaS Backup Market Share Analysis, By Type
8.3 North America SaaS Backup Market Size and Forecast, By Application
8.4 North America SaaS Backup Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe SaaS Backup Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe SaaS Backup Market Share Analysis, By Type 
9.3 Europe SaaS Backup Market Size and Forecast, By Application 
9.4 Europe SaaS Backup Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific SaaS Backup Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific SaaS Backup Market Share Analysis, By Type 
10.3 Asia Pacific SaaS Backup Market Size and Forecast, By Application 
10.4 Asia Pacific SaaS Backup Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America SaaS Backup Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America SaaS Backup Market Share Analysis, By Type 
11.3 Latin America SaaS Backup Market Size and Forecast, By Application 
11.4 Latin America SaaS Backup Market Size and Forecast, By Country
12 Middle East SaaS Backup Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East SaaS Backup Market Share Analysis, By Type 
12.3 Middle East SaaS Backup Market Size and Forecast, By Application 
12.4 Middle East SaaS Backup Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 SolarWinds
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Spanning
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Acronis
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 OwnBackup
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Datto
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 UpSafe
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 BackupBuddy
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Relational Junction
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Barracuda
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Mail Backup
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies