The Cloud Data Back-Up Recovery Market research report is a comprehensive and vital document that includes business strategies, qualitative and quantitative analysis, and emerging trends in the global Cloud Data Back-Up Recovery Market. The report provides in-depth research and analysis of the key elements of the global Cloud Data Back-Up Recovery Market. This report was created by the research analysts after conducting extensive primary and secondary research and analysing the drivers, restraints, challenges, trends, and opportunities in the Cloud Data Back-Up Recovery Market.
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.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Dell Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Acronis International GmbH, CA Technologies, Hewlett Packard Enterprise, Commvault, Veeam Software, NetApp, Inc.
Target Audience of the Global Cloud Data Back-Up Recovery Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Cloud Data Back-Up Recovery Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Cloud Data Back-Up Recovery market on the basis of product, application, and region:
Segments Covered in this report are:
- Software Outlook (Revenue, USD Billion; 2017-2027)
- Data Reduction
- Data Replication
- Data Retention
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Retail
- Manufacturing
- BFSI
- IT and Telecommunications
- Healthcare
- Education
- Government
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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Some Key Highlights from the Report
- 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.
Additional information offered by the report:
- Along with a complete overview of the global Cloud Data Back-Up Recovery market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cloud Data Back-Up Recovery market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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