The global Cloud Data Back-Up & Recovery Market is forecasted to be worth USD 19.91 Billion by 2027, according to a current analysis by Emergen Research. The growing cloud computing adoption, increasing demand for computer data storage, and increasing demand for data centers are anticipated to propel the cloud data backup and recovery market. The-usage of virtualization technology in data centers helps enterprises, through the use of a limited number of physical servers, to reduce capital expenditures and optimize resources. The concept of computer virtualization has the ability to reduce the cost of a data center by around 25%. This strategy is now increasingly being adopted by the majority of data centers, which is expected to further drive market growth.
However, data compliance problem owing to the lack of standardized guideline is expected to hinder the market growth over the forecast period.
Click the link to get a Free Sample Copy of the Report @ https://www.emergenresearch.com/request-sample/200
Based on the competitive landscape, the market report analyses the key companies operating in the industry:
Dell Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Acronis International GmbH, CA Technologies, Hewlett Packard Enterprise, Commvault, Veeam Software, and NetApp, Inc., among others.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Cloud Data Back-Up Recovery market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Further key findings from the report suggest
- In April 2020, The general availability of the latest Veeam Backup for Microsoft Azure, an enterprise-ready cloud backup and recovery solution, was announced by Veeam Software, the pioneer in backup solutions that provide Cloud Data Management. This latest offering would allow consumers and service providers to migrate more applications and data to Azure and to secure cloud services in Azure cost-effectively, efficiently, and securely. Moreover, the portable backup framework of Veeam allows full Cloud Mobility in a multi-cloud environment, with recovery, backup, and migration.
- Over the forecast timeframe, the data retention segment is expected to dominate the market with a CAGR of 10.8%, since it offers continuous data storage for business data acceptance.
- Due to the advantages, such as greater compliance with safety regulations, improved redundancy, minimizing total cost of ownership, quick recovery, improved availability, the hybrid sector is anticipated to hold the largest market during the forecast period.
- As businesses focus on cloud storage & recovery technologies for data access to minimize unusual delays in accessing business data challenges, the large enterprise segment is expected to dominate the market over the forecasted period.
- It is expected that the BFSI segment will hold the largest market share throughout the forecast timeframe since the banking sector has received a massive boost by effective online banking through cloud technologies.
- North America is expected to hold the largest market share over the forecast timeframe due to the rapid adoption of cloud computing services among various industries.
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/cloud-data-back-up-recovery-market
Emergen Research has segmented the global Cloud Data Back-Up & Recovery Market on the basis of software, deployment model, organization, end-use, and region:
Software Outlook (Revenue, USD Billion; 2017-2027)
- Data Reduction
- Data Replication
- Data Retention
Deployment Model (Revenue, USD Billion; 2017-2027)
Hybrid
Private
Public
Organization (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium Enterprises
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Retail
Manufacturing
BFSI
IT and Telecommunications
Healthcare
Education
Government
Others
The study segments the Cloud Data Back-Up Recovery industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2020 – 2027 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
Get an Impressive Discount on this Report@ https://www.emergenresearch.com/request-discount/200
Market Dynamics:
The report offers insightful information about the market dynamics of the Cloud Data Back-Up Recovery market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Cloud Data Back-Up Recovery market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Cloud Data Back-Up Recovery market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/200
Top Trending Reports
Medical Holographic Imaging Market
Hybrid Fiber Coaxial Network Market
Thank you for reading the research report. We also offer report customization as per client requirement. Kindly connect with us to know more about the customization feature and our team will offer you the best suited report.
About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Trending Title: Back And Neck Massager Market| Gambling Software Market
Latest Report : Functional Ingredients Market| Space Mining Market