The global Cloud Backup and Recovery market size was valued at USD 4.95 billion in 2022 and is projected to reach USD 10.25 billion by 2032, at a CAGR of 15.2% during the forecast period.
Due to its scalability, flexibility, and affordability, cloud-based backup and recovery solutions are in more demand, which has contributed to the market’s expansion. The demand for cloud-based backup and recovery solutions is also being fueled by the expanding Bring Your Own Device (BYOD) trend in a number of different industries. The worldwide cloud backup and recovery market is anticipated to be dominated by the private cloud segment. The significant market share of this sector may be due to its advantages, which include increased security, data privacy, reduced complexity & ownership & management expenses, etc.
In-depth analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis for about 25 vendors are all included in our report on the cloud backup and recovery market. The research provides a comprehensive overview of the current state of the global market, the newest drivers and trends, and the general market environment. Reduced IT spending, rising interest in cloud-based applications, and strict security guidelines to protect client data are all driving factors in the market.
The Cloud Backup and Recovery market provides data on key variables that determine market size, share, scope, and segmentation. It also sheds light on the leading market players while highlighting the advantageous competitive environment and long-lasting trends. This study makes use of data and a variety of the best available techniques to anticipate the future status of the worldwide market. Additionally, it uses primary and secondary research methods to compile the most important information. The report gives an examination of how trends like mergers may impact the markets future based on current market development.
Ask for a Sample Copy of Report at: https://wemarketresearch.com/sample-request/cloud-backup-and-recovery-market/1034/
Market Segmentation:
• Primary Storage
• Disaster Recovery
• Cloud-To-Cloud Backup
• Application Backup
• Others
• Training and Consulting
• Support and Maintenance
• Cloud Integration and Migration
• Managed Services
• Private Cloud
• Public Cloud
• Hybrid Cloud
Following are Top Key players Covered in Report:
• Amazon Web Services
• Microsoft Corporation
• IBM Corporation
• Dell EMC
• Google LLC
• Oracle Corporation
• VMware Inc.
• Hewlett Packard Enterprise Development LP
• Cisco Systems, Inc.
• NetApp, Inc.
• Veeam Software
• Commvault Systems, Inc.
• Veritas Technologies LLC
• Carbonite, Inc.
• Acronis International GmbH
Purchase This Report: https://wemarketresearch.com/purchase/cloud-backup-and-recovery-market/1034/?license=single
Regional Analysis:
The Asia Pacific cloud backup and recovery market is growing at a rapid pace, owing to the increasing adoption of cloud-based services in countries like China, India, and Japan. In 2020, Commvault announced the expansion of its Metallic Backup-as-a-Service offering in the Asia Pacific region to meet the growing demand for cloud-based data protection solutions.
Growth Factors:
There is a greater understanding of the advantages of cloud backup and recovery options, which can include quicker data access, better disaster recovery capabilities, and cheaper storage.
As companies abandon the conventional on-premises IT infrastructure architectures, there is an increasing need for cloud-based services.
With hybrid cloud deployments becoming more and more prevalent, businesses may benefit from the scalability and flexibility of the public cloud while still keeping some data and apps on-premises.
Businesses may now back up their data securely and effectively to the cloud thanks to quick developments in data security technology.
Access the Complete Report at: https://wemarketresearch.com/reports/cloud-backup-and-recovery-market/1034/
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
