Cloud Backup & Recovery Software Market by Deployment Model, User Type and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023 - ResearchAndMarkets.com
Jun. 11, 2018
DUBLIN--(BUSINESS WIRE)--Jun 11, 2018--The "Cloud Backup & Recovery Software Market by Deployment Model, User Type and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
Cloud or online backup is a process involving backing up of electronic data by sending a copy of the data over the proprietary or public network to a remote network server. The server is usually hosted by a third party service provider which charges the customer fees based on backup file, bandwidth, number of users and capacity. Cloud backup and recovery software securely copy the files to many servers. It is also encrypted so that no user can view them and protect the data from viruses and hackers. The adoption of cloud backup provides additional benefits such as cost saving, security, storage, virtualization, fast and easy access to backed up files.
Increasing focus on reducing IT expenditure drives the global cloud backup & recovery software market. Moreover, rising demand for cloud based services across several industry verticals and growing backup requirements of enterprises drives the growth of the global cloud backup & recovery software market. However, latency in data retrieval and interruptions as well as storage management and securing backups are expected to impede the market growth. Increasing adoption of these solutions among SME's and emergence of new trends such as Infrastructure as a service (IaaS), IoT in the market is expected to provide numerous opportunities for the market.
KEY MARKET SEGMENTS
BY DEPLOYMENT MODELPrivate Public Hybrid
BY USER TYPELarge Enterprises Small and Medium Enterprises
BY INDUSTRY VERTICALBFSI Government Healthcare Telecom & IT Retail Manufacturing Others
Global cloud backup & recovery market is dominated by the key players such asVeritas Technologies LLC Veeam Software Commvault IBM Corporation Dell EMC CA Technologies Symantec Corporation Microsoft Corporation Hewlett Packard Enterprise Actifio Inc.
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Related Topics:Cloud Computing and Storage
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
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PUB: 06/11/2018 04:51 AM/DISC: 06/11/2018 04:51 AM