Increased demand for cloud-based services and high requirements for data backup among enterprises drive the growth of the cloud backup & recovery software market.
Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/4535
However, delay in data retrieval & interruptions and storage management restrain the market growth. On the other hand, the rise in adoption of smart devices & tablets and the advent of IaaS & on-demand cloud providers would create new opportunities for the market.
According to the report, the global cloud backup & recovery software market garnered $6.04 billion in 2017 and is expected to reach $22.22 billion by 2023, growing at a CAGR of 24.2% from 2017 to 2023. The report provides comprehensive analyses of the top investment pockets, key drivers & opportunities, major market segments, and competitive landscape.
Based on deployment models, the market is segmented into private, public, and hybrid. The hybrid deployment model segment contributed more than two-thirds of the total revenue share in 2017 and is expected to dominate throughout the forecast period. Moreover, this segment is expected to grow at the highest CAGR of 25.1% from 2017 to 2023.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/4535
Based on user type, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprises segment contributed to more than half of the total market share in 2017. This segment is expected to lead in terms of revenue by 2023. However, small & medium enterprises would grow at the highest CAGR of 25.1% from 2017 to 2023.
Based on industry vertical, the market is divided into BFSI, government, healthcare, telecom & IT, retail, manufacturing, and others. Telecom & IT segment accounted for nearly one-fourth of the total market revenue in 2017. However, the government segment would register the highest CAGR of 27.0% from 2017 to 2023.
Based on geography, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The region across, North America contributed to the highest share in 2017, accounting for more than one-third of the total revenue. However, Asia-Pacific would register the highest CAGR of 26.1% from 2017 to 2023.
Procure Complete Report (284 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/checkout-final/d41f6221f466c42fc8818453ec74a9ba
Key market players analyzed in the research include Commvault, Dell EMC, IBM Corporation, Symantec Corporation, Veritas Technologies LLC, CA Technologies, Hewlett Packard Enterprise, Veeam Software, Microsoft Corporation, and Actifio Inc.
Key Benefits For Stakeholders
- This study includes the analytical depiction of the global cloud backup & recovery software market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry.
- Porters Five Forces analysis illustrates the potency of buyers & suppliers in the global cloud backup & recovery software industry.
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/4535
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter