Global Cloud Backup & Recovery Software Market Industry Analysis and Forecast-2023 Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2016-2023
“Hybrid model is expected to grow at a highest growth rate, due to numerous benefits offered by it such as flexibility, versatility, and others.�
Opportunity Analysis and Industry Forecast, 2016-2023
Rachita Rake Analysis and Global Opportunity
Industry Forecast, Research Analyst, ICT at AMR 2016-2023
Cloud Backup & Recovery Software Market
Cloud Backup & Recovery Software Market by Deployment Model, User Type, and Indu try Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global cloud backup & recovery software market was valued at $4,950 million in 2016, and is projected to reach at $22,228 million by 2023, growing at a CAGR of 24.2% from 2017 to 2023. In 2016, the hybrid segment accounted for the highest revenue share in the global market. Increased attention on decreasing IT expenditure, high demand for cloud-based services in numerous industry verticals, and rise in backup requirements of enterprises drive the global cloud backup & recovery software market growth. However, latency in data retrieval and interruptions, and storage management and securing backups hamper this growth to a certain extent.
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Cloud Backup & Recovery Software Market
Key Findings of the Cloud Backup & Recovery Software Market: *The hybrid segment is expected to exhibit significant increase in the global cloud backup & recovery software market during the forecast period. *In 2016, the IT & telecom segment accounted for the highest revenue among the other industry verticals.
*The large enterprise segment is expected to dominate the market during the forecast period. *North America generated the highest revenue in 2016. *Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Cloud Backup & Recovery Software Market By Geography North America U.S. Canada Mexico Europe UK France Germany Rest of Europe Asia-Pacific China Japan India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Arica
Cloud Backup & Recovery Software Market
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