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Global Cloud Backup Market is Expected to Reach $5.5 billion by 2023

Global Cloud Backup Market Research Report

Global Cloud Backup Market Research Report

Market Research Report on Global Cloud Backup Market

RAIPUR, INDIA, November 30, 2017 / --

Report Sellers has added a new market research report “Cloud Backup- Global Market Outlook (2017-2023)” to its offerings.

According to Report, the Global Cloud Backup market is expected to grow from $1.20 billion in 2016 to reach $5.5 billion by 2023 with a CAGR of 24.2%. Large amount of Generated data, increasing Adoption of Saas, huge capability & efficiency and low cast than on-premises backup are the crucial factors that fuel the growth of the market. On the contrary, Compatibility concerns for certain applications with the cloud environment and raising complexities of bandwidth limitations are the key factors to hamper the growth of the market in the forthcoming years.

Among the verticals, it is expected that telecommunication and IT sector is showing a rapid growth of usage of the Cloud Backup. By region, North America is current leader in the world and holds a highest market share. Europe is expected to grab a major share during the forecast period because there has been a major focus onto the online secure data storage system. Adding to this, developing economies in Asia Pacific region like China, Japan, India have a significant growth in the market. Cloud emergence and mandatory government regulations are simultaneously helping boost the growth of the Cloud Backup Market in this region.

Some of the key players in Global Cloud Backup Market include VMware Inc, Veeam Software, Microsoft Corporation, Iron Mountain Incorporated, International Business Machines Corporation, IBM Corporation, Google Inc, EMC Corporation, Efolder, Inc., Druva Software, Dropbox, Inc., Datto, Inc., Code42 Software, Inc., Carbonite, Inc., Barracuda Networks, Inc., Asigra Inc., Amazon Web Services, Acronis International GmbH.

Browse through the complete description and in-depth TOC on “Global Cloud Backup Market”

What does the Report Offers

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global Cloud Backup Market has been segmented by service providers covered, products components covered,components covered,verticals covered,deployment models covered and regions covered

Organization Sizes Covered:
Large Enterprises
Small and Medium-Sized Enterprises

Service Providers Covered:
Telecom and Communication Service Providers
Managed Service Providers
Cloud Service Providers
Other Service Providers

Components Covered:
Support and Maintenance
Training and Consulting
System Integration

Verticals Covered:
Telecommunication and Ites
Media and Entertainment
Healthcare and Life Sciences
Government and Public Sector
Consumer Goods and Retail
Banking, Financial Services, and Insurance
Other Verticals

Deployment Models Covered:
Hybrid Cloud
Public Cloud
Private Cloud

Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
South Africa

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