The global rise in cyber crime is one of the major factors leading to the growth of backup and disaster recovery appliances. In addition, failure of hardware devices cannot be predicted and hence is essential to take back of important documents on a real time basis. Furthermore, these appliances are either integrated with the system or operate with the help of a cloud based service to store and secure the data. Moreover, it is not feasible for all the organization to have their own backup and recovery facility and hence relies of software or hardware backup solutions provided by third part vendors. In addition, ongoing technological innovation is leaded to the development of virtual reality devices. These devices primarily operated with the help of internet and store their data online. The rising demand of these devices is in return creating the need for backup and recovery services for these data. These factors are aiding to the growth of the backup and disaster recovery appliances market globally.
The backup and disaster recovery appliances market is marked by some intense competition by the leading players operating in this sector. Frequent mergers and acquisition, joint ventures and partnerships are some of key strategies adopted by these leading players in the market. The key manufacturers in the back and disaster recovery appliances market are Oracle, Veritas, Hewlett Packard Enterprise, Unitrends, Pivot3 and Acronis among others.
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