Cloud Backup & Recovery Market by End User (BFSI, Information & Communication Technology, Manufacturing, and Others) and Product (Public Cloud, Private Cloud, and Hybrid Cloud) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Cloud Backup & Recovery Market 2017 – Brave New World of Technology & Industry Research
Cloud backup is a process involving backing up of electronic data by sending a copy of the data over the proprietary or public network to a remote network server. Recovery and cloud backup play a vital role in business continuity strategy.
The adoption of cloud backup provides additional benefits such as cost saving, security, storage, and virtualization.
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Reduction in IT expenditure drives the global cloud backup & recovery market .
However, latency in data retrieval and interruptions in data transmissions impede this growth. The emergence of on-demand cloud providers and infrastructure-as-a-service (IaaS) present various opportunities for market expansion.
The global cloud backup & recovery market is segmented based on end user, product, and region. Based on end user, it is classified into BFSI, information & communication technology, manufacturing, and others.
The product segment includes public cloud, private cloud, and hybrid cloud. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Symantec Corporation, Microsoft, CA Technologies, CommVault, Veritas Software Corporation, IBM Corporation, Acronis, Actifio, Carbonite, and Dell Software.
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- The study provides an in-depth analysis of the global cloud backup & recovery market and current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restrains, and opportunities and their impact analysis on the market size are provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
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