According to the Securities Times app, the International Data Corporation (IDC) recently released the Quarterly Tracking Report on the Chinese Data Backup and Recovery System Market (DR&P) for the first half of 2024. The report shows that the revenue of the Chinese DR&P market reached $0.27 billion in the first half of 2024. Driven by the market's data assetization and productization demand, the market share remains stable; the proportion of backup and protection pure software revenue exceeds three tenths, as it can adapt to new technology developments faster and further enhance compatibility, becoming the direction of purchase for end users. IDC predicts that in the next five years, the Chinese DR&P market will grow at a compound annual growth rate (CAGR) close to 5%, and the market size will exceed $1 billion in 2028.

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

As a means of production and gradually increasing in value to become a commodity, data, the security protection demand continues to increase. Following the promulgation of the "Data Security Law", in August 2025, the "Regulations on Network Data Security Management" just approved by the State Council will be implemented, further regulating data processing activities to ensure data security, promote the lawful and effective use of data. Enterprises and institutions not only have increasing intrinsic security demands for their own data, but also, with the productization of data, the demand for effective replication and backup of data security continues to rise. Multiple market bullish factors will continue to drive healthy growth of DR&P solutions in 2024.

Looking at the sub-markets, in the first half of 2024, the market share of the Chinese Data Backup and Recovery Software Market (DR&P SW) exceeded 30%. In the first half of 2024, small and medium-sized enterprises increased purchases, and data backup and recovery software, with its flexible customization and cost-effectiveness, became the preferred choice for small and medium-sized enterprises, meeting their urgent data backup and protection needs, while also providing simple operation, especially in fault diagnosis.

The PBBA Appliance market (PBBA Appliance) has a growth rate far higher than the overall data backup and recovery market situation. End users are paying increasing attention to the rapid recovery function in case of data loss or damage. Backup appliances have strong advantages in ensuring business continuity; coupled with technology suppliers actively developing and equipping appliances with intelligent management functions, such as automatic detection of data changes, intelligent backup based on preset strategies, helping to reduce operational complexity, improve data backup efficiency, and recovery speed.

Market Landscape

From the perspective of the overall market, the competition situation among top technology suppliers remains basically stable, with more mid-range technology suppliers gaining market favor due to their respective advantages.

From the overall market of data replication and protection, there have been certain changes in market share for two companies. Among them, Aisnow's backup solution supports a rich variety of operating systems, databases, and application system backups, providing efficient data compression technology and encryption functions. The market share has increased by nearly 5% in the overall market, gaining favor with end customers. Numergy's market share has increased by over 2% in the overall market. By integrating intelligent data protection and management functions, including automatic scheduled protection, agentless virtualization, custom agents, etc., it achieves real-time monitoring and backup of data. Its backup solution has been recognized in the medical industry.

Looking at the backup software sub-market, Inov(688435.SH) ranks second in the software market with a market share of over 10%, supporting backup of various data types and environments for users, and using optimized algorithms and transmission mechanisms to enhance backup performance; Cloudinsight, with CDM technology, revitalizes dark data for customers, increasing market share by over 4% in the software market, providing customers with simple, fast, and efficient data recovery capabilities.

IDC China Research Manager Yang Yunxu stated that with the implementation of AI and other technologies, the demand for data backup, management, and recovery solutions from enterprises continues to increase. This will continue to drive healthy growth in the China DR&P market.