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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.<br>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.<br>

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

  2. Cloud Backup & Recovery Software Market 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 prominent CAGR 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 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 Cloud Backup & Recovery Software Market Market Segments Deployment Model End User Private Large Enterprises Small & Medium Enterprises Public

  5. Cloud Backup & Recovery Software Market 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 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 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 - - Opportunities Opportunities and 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. report titled and Forecasts, Forecasts, 2017 “Cloud Cloud Backup Backup 2017 – – 2023 & & Recovery Recovery Software Software Market Market 2023” has been recently published by Allied ” To know more about Cloud 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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