Cloud Backup and Recovery Market Introduction
With growing inclination of enterprises towards storing data on the cloud, backup and recovery solutions and services that are cloud-based are becoming crucial components. Cloud backup and disaster recovery is the process of storing and retrieving copies of electronic data over cloud as a security measure. It enables end users to download files, access emails, and relevant documents on the web via mobile devices from anywhere and anytime. Enterprises are making an investment in these solutions and services to prevent data loss and implement failover in the event of a natural or man-made disaster.
The high cost associated with on-premise purpose-built backup storage system encourages enterprises to shift towards cloud-based backup and recovery architecture. This, in turn, is fuelling the growth of the cloud backup and recovery market across the globe. Also, increasing demand from major end-user industries such as BFSI, manufacturing, and government is projected to boost the growth of the market during the forecast period. However, data privacy and security threats associated with storing data on the cloud is anticipated to hinder the growth of the market to a certain extent.
The global cloud backup and recovery market has been segmented into type, deployment model, end-user industry, and enterprise size. By type the market has been classified into personal backup and recovery and business backup and recovery services. Based on deployment model the cloud backup and recovery market is bifurcated into public cloud, hybrid cloud, and private cloud. Major end-user industries analyzed in the research study are BFSI, manufacturing, healthcare, IT & telecom, retail, government, educational institutes, energy & utility, media & entertainment, and other industries. The global cloud backup and recovery market is segmented based on enterprise type into large enterprise and small & mid-sized enterprise.
By region, the global cloud backup and recovery market are analyzed across North America, Western Europe, Eastern Europe, Asia-Pacific, and Middle East and Africa. Furthermore, the research study highlights the cloud backup and recovery market size and forecast at a regional and country level along with competitive landscape of key market to provide a better understanding of current market trends and future outlook. Among previously mentioned regions, North America dominated the market, in terms of revenue, in 2017 owing to growing adoption of cloud computing technology in the region.
Cloud Backup and Recovery Market Competitive Landscape
Key players identified in the global cloud backup and recovery market are IBM Corporation, Veritas Technologies LLC, Commvault Systems Inc., Veeam Software, CA Technologies, Dell EMC, Symantec Corporation, Microsoft Corporation, and Actifio Inc. prominent vendors in the market are focused towards following the strategy of acquisitions and mergers to enhance geographical presence and increase customer base.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on cloud backup and recovery market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.