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Cloud Backup & Recovery Software Market Expected to Reach $22,228 Million by 2023

According to a recent report published by Allied Market Research, titled, Cloud Backup & Recovery Software Market by Deployment Model, User Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global cloud backup & recovery software market was valued at $4,950 million in 2016, and is projected to reach at $22,228 million by 2023, growing at a CAGR of 24.2% from 2017 to 2023. In 2016, the hybrid segment accounted for the highest revenue share in the global market.

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Cloud Backup & Recovery Software Market Expected to Reach $22,228 Million by 2023

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 GlobalCloud Backup & Recovery Software Market Industry Analysis and Forecast-2023 Global Opportunity Analysis and Industry Forecast, 2016-2023

  2. Opportunity Analysis and Industry Forecast, 2016-2023 “Hybrid model is expected to grow at a highest growth rate, due to numerous benefits offered by it such as flexibility, versatility, and others.” RachitaRake Research Analyst, ICT at AMR Global Opportunity Analysis and Industry Forecast, 2016-2023

  3. Cloud Backup & Recovery Software Market Cloud Backup & Recovery Software Market by Deployment Model, User Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global cloud backup & recovery software market was valued at $4,950 million in 2016, and is projected to reach at $22,228 million by 2023, growing at a CAGR of 24.2% from 2017 to 2023. In 2016, the hybrid segment accounted for the highest revenue share in the global market. Increased attention on decreasing IT expenditure, high demand for cloud-based services in numerous industry verticals, and rise in backup requirements of enterprises drive the global cloud backup & recovery software market growth. However, latency in data retrieval and interruptions, and storage management and securing backups hamper this growth to a certain extent. Request to sample- https://www.alliedmarketresearch.com/request-sample/4535

  4. Cloud Backup & Recovery Software Market Key Findings of the Cloud Backup & Recovery Software Market: *The hybrid segment is expected to exhibit significant increase in the global cloud backup & recovery software market during the forecast period. *In 2016, the IT & telecom segment accounted for the highest revenue among the other industry verticals. *The large enterprise segment is expected to dominate the market during the forecast period. *North America generated the highest revenue in 2016. *Asia-Pacific is projected to exhibit substantial growth during the forecast period.

  5. Cloud Backup & Recovery Software Market • By Geography • North America • U.S. • Canada • Mexico • Europe • UK • France • Germany • Rest of Europe • Asia-Pacific • China • Japan • India • South Korea • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Arica

  6. Cloud Backup & Recovery Software Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/checkout/290662 Follow Us On

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