The global cloud backup & recovery market is expected to reach a market size of USD 20.69 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research. Increasing cloud computing adoption by organizations is projected to drive global cloud backup & recovery market growth during the forecast period. In addition, growing demand for remote data backup and restoration to enhance business outcomes is expected to augment global cloud backup & recovery market growth. Furthermore, increasing adoption of Infrastructure as a Service (IaaS) cloud computing is expected to further accelerate growth of the global cloud backup & recovery market going ahead. Rising adoption of cloud computing among SMEs is also expected to propel growth of the market in future.

The purpose of the Cloud Backup & Recovery is to provide intensive information about marketplace size, sales boom and marketplace dynamics to readers, stakeholders, organizations to reinforce their percentage withinside the worldwide Cloud Backup & Recovery marketplace. It additionally presents intensive data approximately key factors, restraints, limitations, demanding situations at the side of diverse marketplace segmentations consisting of product type, utility and local bifurcation.

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Competitive Terrain:

The global Cloud Backup & Recovery industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Microsoft Corporation, Veritas Technologies LLC, Carbonite, Inc., Actifio, Inc., Acronis International GmbH, Broadcom Inc., CommVault Systems, Inc., International Business Machines Corporation, Redstor Limited, and Rackspace, Inc.

Additional information offered by the report:

  • Along with a complete overview of the global Cloud Backup & 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 Backup & 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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Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2021–2028)

    • Hybrid
    • Public
    • Private

  • User Type Outlook (Revenue, USD Billion; 2021–2028)

    • SMEs
    • Large Enterprise

  • End-use Outlook (Revenue, USD Billion; 2021–2028)

    • BFSI
    • Healthcare
    • Manufacturing
    • Education
    • Government
    • Retail
    • Telecommunication & IT
    • Others

Radical Highlights of the Cloud Backup & Recovery Market Report:

  • Comprehensive overview of the Cloud Backup & Recovery market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and R&D advancements on the Cloud Backup & Recovery market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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