Cloud Backup & Recovery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Deployement Model, by Enterprises Size and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

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.

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.

Key Benefits

• 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 is provided to determine the market potential.

  Cloud Backup & Recovery Market Report Highlights

Aspects	Details
By Deployement Model	Private Public Hybrid
By Enterprises Size	Large Enterprises SMALL & MEDIUM SIZE ENTERPRISES (SME’S)
By Industry Vertical	BFSI Government Healthcare Telecom & IT Retail Manufacturing Others
By Geography	NORTH AMERICA U.S Canada EUROPE UK Germany France Italy Rest of Europe ASIA-PACIFIC China Singapore Japan Australia Rest of Asia-Pacific LAMEA Latin America Middle East Africa
Key Market Players	SYMANTEC CORPORATION, COMMVAULT SYSTEMS INC., VEEAM SOFTWARES, CA TECHNOLOGIES, ACTIFIO INC., IBM CORPORATION, HEWLETT PACKARD ENTERPRISE, DELL TECHNOLOGIES INC., MICROSOFT CORPORATION, VERITAS TECHNOLOGIES LLC