Hello @Bob Gueli Thank you for reaching out to us!
The ask is not clear in the questions. Your intend is to backup System State and file folder only or you want to also backup VMs and guest applications like SQL, Exchange, etc.?
You can use MARS agent to backup System State of the Hyper-V host and if you need System State of VMS as well then the MARS agent needs to be installed inside each VM. Advantage here is no additional storage required but limits the backup types.
MABS can provide all the possible backup options I mentioned above but you need to run additional VM on which you can run MABS and needs to have enough storage so that you can store at least one copy of the backup on local storage and rest you can use Azure to store the backup.
Hope this helps!
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