Emergen Research’s latest document, titled ‘Global Cloud Data Back-Up Recovery Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Cloud Data Back-Up Recovery Market. The report’s authors have offered necessary details on the latest Cloud Data Back-Up Recovery Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Cloud Data Back-Up Recovery Market entails useful insights into the estimated Cloud Data Back-Up Recovery Market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this ’s key outcomes in the near future.
The global Cloud Data Back-Up Recovery Market is forecasted to be worth USD 19.91 Billion by 2027, according to a current analysis by Emergen Research. The growing cloud computing adoption, increasing demand for computer data storage, and increasing demand for data centers are anticipated to propel the cloud data backup and recovery market. The-usage of virtualization technology in data centers helps enterprises, through the use of a limited number of physical servers, to reduce capital expenditures and optimize resources. The concept of computer virtualization has the ability to reduce the cost of a data center by around 25%. This strategy is now increasingly being adopted by the majority of data centers, which is expected to further drive market growth.
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Some Key Highlights from the Report
- In April 2020, The general availability of the latest Veeam Backup for Microsoft Azure, an enterprise-ready cloud backup and recovery solution, was announced by Veeam Software, the pioneer in backup solutions that provide Cloud Data Management. This latest offering would allow consumers and service providers to migrate more applications and data to Azure and to secure cloud services in Azure cost-effectively, efficiently, and securely. Moreover, the portable backup framework of Veeam allows full Cloud Mobility in a multi-cloud environment, with recovery, backup, and migration.
- Over the forecast timeframe, the data retention segment is expected to dominate the market with a CAGR of 10.8%, since it offers continuous data storage for business data acceptance.
- Due to the advantages, such as greater compliance with safety regulations, improved redundancy, minimizing total cost of ownership, quick recovery, improved availability, the hybrid sector is anticipated to hold the largest market during the forecast period.
The global Cloud Data Back-Up Recovery market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
Dell Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Acronis International GmbH, CA Technologies, Hewlett Packard Enterprise, Commvault, Veeam Software, and NetApp, Inc., among others.
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global Cloud Data Back-Up Recovery Market on the basis of software, deployment model, organization, end-use, and region:
Software Outlook (Revenue, USD Billion; 2017-2027)
Data Reduction
Data Replication
Data Retention
Deployment Model (Revenue, USD Billion; 2017-2027)
Hybrid
Private
Public
Organization (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium Enterprises
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Retail
Manufacturing
BFSI
IT and Telecommunications
Healthcare
Education
Government
Others
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Years: 2020-2027
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The global Cloud Data Back-Up Recovery market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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