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Cloud Backup and Recovery Software Market: Technology Advancement, Demand, Trends and Forecasts 2023

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.

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Cloud Backup and Recovery Software Market: Technology Advancement, Demand, Trends and Forecasts 2023

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  1. Cloud Backup & Recovery Software Market Global Opportunity Analysis and Industry Forecast, 2017-2023 d Cloud Backup & Recovery Software Market by Deployment Model (Private, Public, and Hybrid), User Type (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (BFSI, Government, Healthcare, Telecom & IT, Retail, Manufacturing, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 • id

  2. Cloud Backup & Recovery Software Market Current and future Market Scenario Global online video platform in media and entertainment market size $4,950 million in 2016, and is projected to reach at $22,228 million by 2023. Global online video platform in media and entertainment market will grow at a prominentCAGR of 24.2% from 2017 to 2023. The hybrid segment is expected to exhibit significant increase in terms of growth during 2017 to 2023.

  3. Cloud Backup & Recovery Software Market Factors Contributing to Market Growth The market is expected to be driven by increase in focus on reducing IT expenditure, high requirement for cloud-based services across various sectors, growth in backup requirements of enterprises, and surge in adoption of these solutions among SMEs. Other factorsthat contribute to market growth are: Increase in Focus on Reducing IT Expenditure Rising Demand for Cloud-based Services Across Several Industry Verticals. Growth in Backup Requirements of Enterprises

  4. Cloud Backup & Recovery Software Market Market Segments

  5. Cloud Backup & Recovery Software Market Dominating Segments The hybrid segment is expected to exhibit significant increase in the global cloud backup & recovery software market during the forecast period. IT & telecom segment accounted for the highest revenue among the other industry verticals. The market  is driven by the need for companies to reduce their IT expenditure, increase in demand for cloud-based services across several industry verticals, and surge in backup requirements of enterprises. The large enterprise segment is expected to dominate the market .

  6. Cloud Backup & Recovery Software Market Region Overview Geographically, Cloud Backup & Recovery Software Market is segmented across North America, Europe, Asia-Pacific, and LAMEA North America generated the highest revenue in 2016. IT & telecom segment accounted for the highest revenue. Asia-Pacific is projected to exhibit substantial growth during the forecast period.

  7. Cloud Backup & Recovery Software Market Leading Players Key players in the online video platform market focus to expand their business operations in the emerging countries, with new product launches as a preferred strategy. The major players in this industry are Veritas Technologies LLC, Veeam Software, Commvault, IBM Corporation, Dell EMC, CA Technologies

  8. A report titled “Cloud Backup & Recovery Software Market- Opportunities and Forecasts, 2017 – 2023” has been recently published by Allied Market Research. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. To know more aboutCloud Backup & Recovery Software Market- Opportunities and Forecasts, 2017 – 2023 report: https://www.alliedmarketresearch.com/cloud-backup-and-recovery-software-market Follow us on Thank You

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