Cart
0

Cloud Backup & Recovery Software Market Expected to Reach $22,228 Million by 2023

 
 

quote Hybrid model is expected to grow at a highest growth rate, due to numerous benefits offered by it such as flexibility, versatility, and others. quote

Rachita Rake
Research Analyst, ICT at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, Cloud Backup & Recovery Software Market by Deployment Model, User Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global cloud backup & recovery software market was valued at $4,950 million in 2016, and is projected to reach at $22,228 million by 2023, growing at a CAGR of 24.2% from 2017 to 2023. In 2016, the hybrid segment accounted for the highest revenue share in the global market.

Access Full Summary at : https://www.alliedmarketresearch.com/cloud-backup-and-recovery-software-market

Increased attention on decreasing IT expenditure, high demand for cloud-based services in numerous industry verticals, and rise in backup requirements of enterprises drive the global cloud backup & recovery software market growth. However, latency in data retrieval and interruptions, and storage management and securing backups hamper this growth to a certain extent.

The large enterprises segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to the high adoption of cloud-based backup & recovery software among large enterprises. Furthermore, the small & medium enterprises segment is expected to grow at the highest CAGR during the forecast period.

Based on industry vertical, the telecom & IT segment led the market in 2016, and is projected to maintain its dominance in the future as well. However, the government segment is expected to witness the highest growth, owing to increasing adoption of cloud computing in improving the quality of e-government services.

North America generated the highest revenue in 2016; however, Asia-Pacific segment is anticipated to witness the fastest growth rate during the forecast period.

Key Findings of the Cloud Backup & Recovery Software Market:

  • The hybrid segment is expected to exhibit significant increase in the global cloud backup & recovery software market during the forecast period.
  • In 2016, the IT & telecom segment accounted for the highest revenue among the other industry verticals.
  • The large enterprise segment is expected to dominate the market during the forecast period.
  • North America generated the highest revenue in 2016.
  • Asia-Pacific is projected to exhibit substantial growth during the forecast period.

Some of the key players operating in the cloud backup & recovery software market that are profiled in the report include Veritas Technologies LLC, Veeam Software, Commvault, IBM Corporation, Dell EMC, CA Technologies, Symantec Corporation, Microsoft Corporation, Hewlett Packard Enterprise, and Actifio Inc.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Cloud Backup & Recovery Software Market by Deployment Model (Private, Public, and Hybrid), User Type (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (BFSI, Government, Healthcare, Telecom & IT, Retail, Manufacturing, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
rep-img

Published Date Oct 2018

Awning Market, by Type

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts