International Data Corporation (IDC) recently released the “China Data Backup and Recovery System Market (DR&P) Quarterly Tracking Report, 2024”.

The report shows that China’s DR&P market revenue will reach US$270 million in 2023. Driven by the market’s demand for data assetization and productization, the market share remains stable; the proportion of pure backup and protection software revenue exceeds 30%, and it has become the preferred purchase direction for end users because it can adapt to the development of new technologies more quickly and further improve compatibility.

After experiencing rapid growth in 2023, in the first half of 2024, the data backup and recovery market share maintained a stable shipment volume in the overall enterprise market.

Based on idc.com story by Maggie Xie, Frank Wang, Yvonne Liu (yvliu), November 7, 2024