Lewes, DE -- (SBWIRE) -- 02/09/2016 -- Report forecast the global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020.

Cloud or online backup is a method of backing up data that involves sending copies of the data over a public cloud. The server is usually hosted by a third-party service provider that charges the customer a fee based on bandwidth, capacity, number of users, and backup.

Cloud backup and recovery solutions securely copy the files to many servers. These solutions are safe from hard drive failures that are common with PCs. The files are also encrypted so that no one other than the user can view them, protecting the data from viruses and hackers. As well, cloud backup and recovery solutions allow fast and easy access to all backed-up files.

The report covers the present scenario and the growth prospects of the global cloud backup and recovery software market for 2016-2020. To calculate the market size, the report considers the revenue generated from software licenses, maintenance fees, and services. It also presents the vendor landscape and a corresponding detailed analysis of the five vendors operating in the market, which were selected based on their revenue generated from cloud backup and recovery software sales and services.

The market is divided into the following segments based on end-user:
- Manufacturing
- BFSI
- Information and communication technology
- Others

According to the report, the global cloud backup and recovery software market is driven by several factors, including companies' need to reduce their IT spending. These cloud storage solutions provide infrastructure and application support to enterprises at a lower cost than on-premises storage solutions. Therefore, with the adoption of cloud backup services, enterprises are reducing their capital and operational expenditure on IT infrastructure.

Further, the report states that one of the major challenges faced by the market is the latency in data transmission during retrieval from the public cloud infrastructure. Interruptions in data availability can occur when data is retrieved and transmitted to the end-user location.

Global Cloud Backup and Recovery Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Cloud Backup and Recovery Software Market: CA Technologies, CommVault, EMC, IBM, Microsoft and Symantec.

Other Prominent Vendors in the market are: Acronis, Actifio, Asigra, Carbonite, Dell Software, EVault, FalconStor Software, HP, Intronis, NetApp, Unitrends, and Veeam Software.

Market driver
- Focus on reducing IT expenditure
- For a full, detailed list, view our report

Market challenge
- Latency in data transfer
- For a full, detailed list, view our report

Market trend
- Emergence of infrastructure as a service (IaaS) and on-demand cloud providers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 39 pages and 12 Exhibit "Global Cloud Backup and Recovery Software Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by end user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Appendix.

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