Move from CAPEX to OPEX model is the main reason driving the rapid adoption of BaaS in numerous industry verticals. One driver manipulating this market is the increase in demand to move from CAPEX to OPEX. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. To know about the Research Methodology :- Request Free Sample Report Most of the enterprises, government agencies, and other pioneering businesses are implementing IoT technologies like software, devices, and sensors. Explosion of data generated by IoT devices have created an opportunity to gain new visions into the world. In IoT, huge amounts of data are generated from the interaction of globally located smart organization and smart appliances. One trend affecting this market is the increase in use of IoT. Online backup service (BaaS), refers to frequent backup of folders, files, or the entire content of hard disks by service providers to remote secure cloud-based data repositories. by 2029, at a CAGR of 32% throughout the forecast period. Backup as a Service Market is expected to reach US$ 25.43 Bn.
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