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The market for cloud backup and recovery was estimated to be worth USD 4.95 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.2% to reach USD 10.25 billion by 2032. The growth of cloud computing models is a notable development that the market is now experiencing. Every year, cloud computing advances and is expected to increase rapidly shortly.<br><br>
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