Press release
Cloud Backup and Recovery Software Market Globally Grow at a CAGR of 12.94% by Revenue During the Forecast Period 2016-2020
About Cloud Backup and Recovery SoftwareCloud or online backup is a method of backing up data that involves sending copies of the data over a public cloud. The server is usually hosted by a third-party service provider that charges the customer a fee based on bandwidth, capacity, number of users, and backup.
Cloud backup and recovery solutions securely copy the files to many servers. These solutions are safe from hard drive failures that are common with PCs. The files are also encrypted so that no one other than the user can view them, protecting the data from viruses and hackers. As well, cloud backup and recovery solutions allow fast and easy access to all backed-up files.
Technavios analysts forecast the global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud backup and recovery software market for 2016-2020. To calculate the market size, the report considers the revenue generated from software licenses, maintenance fees, and services. It also presents the vendor landscape and a corresponding detailed analysis of the five vendors operating in the market, which were selected based on their revenue generated from cloud backup and recovery software sales and services.
The market is divided into the following segments based on end-user:
Manufacturing
BFSI
Information and communication technology
Others
Technavio's report, Global Cloud Backup and Recovery Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
CA Technologies
CommVault
EMC
IBM
Microsoft
Symantec
Other prominent vendors
Acronis
Actifio
Asigra
Carbonite
Dell Software
EVault
FalconStor Software
HP
Intronis
NetApp
Unitrends
Veeam
Veritas Software Corporation
Market driver
Focus on reducing IT expenditure
For a full, detailed list, view our report
Market challenge
Latency in data transfer
For a full, detailed list, view our report
Market trend
Emergence of infrastructure as a service (IaaS) and on-demand cloud providers
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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