Cloud Backup Market Technological advancements growing at a CAGR of 26.1% Forecast to 2023.

Cloud Backup Market

Summary

Cloud backup, also known as online backup, is a strategy for backing up data that involves sending a copy of the data over a proprietary or public network to an off-site server. The server is usually hosted by a third-party service provider, which charges the backup customer a fee based on capacity, bandwidth or number of users. In the enterprise, the off-site server might be owned by the company, but the chargeback method would be similar.

The global Cloud Backup market is valued at 1270 million USD in 2017 and is expected to reach 5100 million USD by the end of 2023, growing at a CAGR of 26.1% between 2017 and 2023.

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Scope of the Report:

This report studies the Cloud Backup market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Cloud Backup market by product type and applications/end industries.

An increasing adoption of cloud-based technologies and need for managing voluminous data sets in enterprises has led to the adoption of cloud backup solution. Also, the adoption of cloud backup solution has increased due to its various benefits such as simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise’s other applications, data deduplication, and customer support.

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region with the highest CAGR due to the rising data generation in many countries. Cloud emergence and mandatory government regulations are simultaneously helping boost the growth of the cloud backup market in this region.

This Cloud Backup market research report provides the existing competitive analysis of some of the major players profiled in the market, which includes: Acronis International GmbH,Asigra Inc.,Barracuda Networks, Inc,Carbonite, Inc.,Code42 Software, Inc.,Datto, Inc.,Druva Software,Efolder, Inc.,International Business Machines Corporation,Iron Mountain Incorporated,Microsoft Corporation,Veeam Software.

Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.

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Global Cloud Backup Market: Type Outlook: Public Cloud,Private Cloud,Hybrid Cloud.

Global Cloud Backup Market: Application Outlook: Small and Medium-Sized Enterprises,Large Enterprises.

Key Benefits:

1.The research report provides a detailed analysis of the Chemical Software Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.

2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Chemical Software Market is provided.

3.Porter’s fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.

4.The qualitative and quantitative analysis of the market from 2018 to 2023 is provided to put forth the market potential.

Overall, this Cloud Backup market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.

Browse Detailed TOC, Tables, Figures, Charts and Companies @ https://www.reportsmonitor.com/report/161236/Cloud-Backup-Market

Key questions answered in the report include:

What will the market size and the growth rate by the end of the forecast period?

What are the key industry trends impacting the growth of the market?

What are the key factors driving and restraining the Cloud Backup market?

What are the challenges to market growth?

What are the market opportunities and threats faced by the key players in the market?

Who are the leading competitors functioning in the market for Cloud Backup?

What are the key outcomes of Porter’s five forces analysis of the Cloud Backup market?

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