Emergen Research’s latest document, titled ‘Global Cloud Data Back-Up Recovery Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Cloud Data Back-Up Recovery market. The report’s authors have offered necessary details on the latest Cloud Data Back-Up Recovery market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Cloud Data Back-Up Recovery industry entails useful insights into the estimated Cloud Data Back-Up Recovery market size, revenue share, and sales & distribution networks.
The global Cloud Data Back-Up & Recovery Market is forecasted to be worth USD 19.91 Billion by 2027, according to a current analysis by Emergen Research. The growing cloud computing adoption, increasing demand for computer data storage, and increasing demand for data centers are anticipated to propel the cloud data backup and recovery market. The-usage of virtualization technology in data centers helps enterprises, through the use of a limited number of physical servers, to reduce capital expenditures and optimize resources. The concept of computer virtualization has the ability to reduce the cost of a data center by around 25%. This strategy is now increasingly being adopted by the majority of data centers, which is expected to further drive market growth.
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COVID-19 Impact Analysis:
The latest report is the most recent study that offers 360° coverage of the Cloud Data Back-Up Recovery industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Cloud Data Back-Up Recovery market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era.
Key Highlights From The Report
- In April 2020, The general availability of the latest Veeam Backup for Microsoft Azure, an enterprise-ready cloud backup and recovery solution, was announced by Veeam Software, the pioneer in backup solutions that provide Cloud Data Management. This latest offering would allow consumers and service providers to migrate more applications and data to Azure and to secure cloud services in Azure cost-effectively, efficiently, and securely. Moreover, the portable backup framework of Veeam allows full Cloud Mobility in a multi-cloud environment, with recovery, backup, and migration.
- Over the forecast timeframe, the data retention segment is expected to dominate the market with a CAGR of 10.8%, since it offers continuous data storage for business data acceptance.
Table of Contents:
- Chapter 1 includes an introduction of the global Cloud Data Back-Up Recovery market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
- The global Cloud Data Back-Up Recovery market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Cloud Data Back-Up Recovery market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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