Cloud Backup & Recovery Market Industry Report 2028: Size, Share, Regional Trend, Future Development, Leading Player

According to the most recent report by Emergen Research, the worldwide cloud backup and recovery market is anticipated to reach a market size of USD 20.69 billion by 2028 and exhibit a strong revenue CAGR. The worldwide cloud backup recovery market is expected to develop over the course of the forecast period as more enterprises use cloud computing. Also, a rising need for remote data backup and restoration to improve company outcomes is anticipated to fuel the expansion of the global cloud backup recovery market. The global market for cloud backup and recovery is also anticipated to grow more quickly in the future due to increased usage of Infrastructure as a Service (IaaS) cloud computing. Future market growth is anticipated to be fueled by SMEs' increasing use of cloud computing.

With 2018 serving as the base year and the forecast period being 2021–2028, the Global Cloud Backup Recovery Market research report is a thorough document that summarises the most current changes and improvements in the Cloud Backup Recovery market. The study offers helpful information on the market's size, share, sales channels, distribution system, market segmentation, consumer needs, industry trends, and future growth possibilities. Also, the worldwide and regional market growth are both examined in the research. The COVID-19 pandemic's effects on the Cloud Backup Recovery Market and its major divisions are examined in the report.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Microsoft Corporation, Veritas Technologies LLC, Carbonite, Inc., Actifio, Inc., Acronis International GmbH, Broadcom Inc., CommVault Systems, Inc., International Business Machines Corporation, Redstor Limited, and Rackspace, Inc.

Target Audience of the Global Cloud Backup Recovery Market Report:

Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed 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)

Market Segmentations of the Cloud Backup Recovery Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Cloud Backup Recovery market on the basis of product, application, and region:

Segments Covered in this report are:

Type Outlook (Revenue, USD Billion; 2021–2028)

Hybrid
Public
Private

User Type Outlook (Revenue, USD Billion; 2021–2028)

SMEs
Large Enterprise

End-use Outlook (Revenue, USD Billion; 2021–2028)

BFSI
Healthcare
Manufacturing
Education
Government
Retail
Telecommunication IT
Others

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Key Highlights of Report

Increasing adoption of hybrid cloud platform among enterprises is driving revenue growth of the hybrid segment currently, which is expected to register a significantly high CAGR of 14.0% over the forecast period.
In terms of market revenue, the SME segment is expected to register steady growth during the forecast period due to increasing implementation of cloud computing in small and medium enterprises to reduce operational costs.
BFSI segment is expected to account for the largest revenue share as compared to other end-use segments during the forecast period due to increasing implementation of cloud backup recovery solutions in the banking industry.
Due to rapid adoption of cloud technology across various sectors in countries in Asia Pacific, the market in the region is expected to register significant growth in terms of revenue share during the forecast period.

Additional information offered by the report:

Along with a complete overview of the global Cloud Backup Recovery market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cloud Backup Recovery market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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