Allied Market Research

Key Players in the Cloud Backup & Recovery Market Are Increasingly Developing Low-Cost Products to Cater the Growing Demands of the Customers...

Key players operating in the market include Symantec Corporation, Microsoft, CA Technologies, CommVault, Veritas Software Corporation, IBM Corporation, Acronis, Actifio, Carbonite, and Dell Software.

 

Portland, OR -- (SBWIRE) -- 09/04/2017 -- 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.

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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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Cloud Backup & Recovery Market Key Segments:

By End User

BFSI
Information & Communication Technology
Manufacturing
Others
By Product

Public Cloud
Private Cloud
Hybrid Cloud
By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled In The Report Symantec Corporation

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