Cloud Backup And Recovery Market | Discover Top Trends and Drivers
Recovery and Growth Insights for 2021-2025

The cloud backup and recovery market and it is expected to grow by $ 14.59 bn, accelerating at a CAGR of almost 17.07% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Cloud Backup And Recovery Market: Market Segments and Key Trends

The Cloud backup and recovery market is segmented by End-user (ICT, Manufacturing, BFSI, Healthcare, and Others) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 33% of the market growth set to originate from this region during the forecast period. Latency in the cloud network is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Cloud Backup And Recovery Market: Leading Factors to Drive Market Growth

One of the primary factors that will drive market growth is the reduction in it expenditure. The cloud backup and recovery market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Cloud Backup And Recovery Market: Competitive Landscape

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acronis International GmbH, Asigra Inc., Commvault Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Rackspace Technology Inc., Redstor, Veeam Software Group GmbH, and Veritas Technologies LLC are some of the major market participants.

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Cloud Backup And Recovery Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cloud backup and recovery market growth during the next five years
• Precise estimation of the cloud backup and recovery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud backup and recovery market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cloud backup and recovery market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 17.07%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 14.59 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Reduction in IT expenditure will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   33% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Acronis International GmbH, Asigra Inc., Commvault Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Rackspace Technology Inc., Redstor, Veeam Software Group GmbH, and Veritas Technologies LLC
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (ICT, Manufacturing, BFSI, Healthcare, and Others) and Geography (North America, Europe, APAC, South America, and MEA)