Allied Market Research

Cloud Backup and Recovery Market Analysis and Industry Forecast, 2017-2023

The study provides an in-depth analysis of the global cloud backup & recovery market and current & future trends to elucidate the imminent investment pockets.

 

Pune, Maharashtra -- (SBWIRE) -- 08/28/2017 -- 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.

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Cloud Backup and Recovery Market Key Segments:

By End User

BFSI
Information & Communication Technology
Manufacturing
Others

By Product

Public Cloud
Private Cloud
Hybrid Cloud

Key Market Players Profiled in the Report

- Microsoft
- CA Technologies
- CommVault
- Veritas Software Corporation
- IBM Corporation
- Acronis
- Actifio
- Carbonite
- Dell Software