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Worldwide cloud backup market is expected to reach $190.5 billion by 2024 according to new research report

IT Market Research

The demand for cloud backup is driven by many factors, such as huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS. With an increase in the adoption rate of cloud computing among enterprises, the cloud backup market is expected to gain a major traction during the forecast period.

An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Cloud Backup Markets: Market Make an Inquiry about this news Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024” which provides an outlook of the Worldwide markets are poised to achieve continuing growth as Cloud Backup markets respond to the advantages brought by mega data centers for cloud computing. The quality and the customization of mega data centers are significant market growth drivers.

Automation of process is a key efficiency tool.

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 An increasing adoption of cloud-based technologies and need for managing voluminous data sets in enterprises has led to the adoption of cloud backup solution.