Cloud Data Back-Up Recovery Market is anticipated to reach USD 19.91 Billion by 2027 at a CAGR of 10.5%
Research Reports
Jan 07, 2021
Market Size – USD 9.40 billion in 2019, Market Growth – CAGR of 10.5%, Market Trends – The rise in adoption of machine virtualization by data centers.
With the number of instructions being processed every second and the adoption of technology in almost every field of science and household, the need to manage data and protect it from any unauthorized access, random updation and deletion has increased. An efficient way to do so is cloud-based solutions that not only provide back-up for your data but also keep it safe. According to a study done by Emergen Research in October 2020, the global Cloud Data Back-Up & Recovery Market was valued at USD 9.40 Billion in the year 2019 and is expected to grow at an annual rate of 10.5% with an expectancy to reach USD 19.91 Billion by the end of 2027.
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The large enterprise segment is forecasted to dominate the market over the forecast timeframe. Companies have a responsibility to deal with sensitive business information properly. The inability to access records may cause an uncertain delay in obtaining business information, which will have a negative impact on profitability. Companies rely on cloud backup & recovery solutions for data access to decrease this problem.
Market Drivers
The virtualization of the world has escalated the demand for data management in almost every business. Cloud-based technology provides an easy way to protect the data without having remote access to physical servers and helps optimize resources. Furthermore, it enables emerging companies to reduce their expenditures by approximately 25% when they adapt to cloud storage solutions. The new policies set by different cloud service providers assist the user in choosing the best plan with minimum access delays and affordability, which in turn boosts the market growth.
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Regional Analysis
The North American region occupied the largest share in the Cloud Data Back-Up Recovery Market accounting to 36.9% in 2019 and is expected to grow further in the coming decade due to the emerging data analytics and computing industry that expect complete database recovery in minimum time delays.
North America is expected to hold the largest market share over the forecast timeframe due to the rapid adoption of cloud computing services among various industries.
Key participants include Dell Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Acronis International GmbH, CA Technologies, Hewlett Packard Enterprise, Commvault, Veeam Software, and NetApp, Inc., among others.
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Software Outlook (Revenue, USD Billion; 2017-2027)
Data Reduction
Data Replication
Data Retention
Deployment Model (Revenue, USD Billion; 2017-2027)
Hybrid
Private
Public
Organization (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium Enterprises
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Retail
Manufacturing
BFSI
IT and Telecommunications
Healthcare
Education
Government
Others
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cloud Data Back Up & Recovery Market Segmentation & Impact Analysis
4.1. Cloud Data Back Up & Recovery Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rise in adoption of machine virtualization by data centers
4.2.2.2. The increasing IoT-based system adoption in several industries
4.2.3. Market restraints analysis
4.2.3.1. Compliance issues for various applications
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cloud Data Back Up & Recovery Market By Software Insights & Trends, Revenue (USD Billion)
5.1. Software Dynamics & Market Share, 2019 & 2027
5.1.1. Data Reduction
5.1.2. Data Replication
5.1.3. Data Retention
Chapter 6. Cloud Data Back Up & Recovery Market By Deployment Model Insights & Trends Revenue (USD Billion)
6.1. Deployment Model Dynamics & Market Share, 2019 & 2027
6.1.1. Hybrid
6.1.2. Private
6.1.3. Public
Chapter 7. Cloud Data Back Up & Recovery Market By Organization Insights & Trends Revenue (USD Billion)
7.1. Organization Dynamics & Market Share, 2019 & 2027
7.1.1. Large Enterprises
7.1.2. Small and Medium Enterprises
Chapter 8. Cloud Data Back Up & Recovery Market By End-Use Insights & Trends Revenue (USD Billion)
8.1. End-Use Dynamics & Market Share, 2019 & 2027
8.1.1. Retail
8.1.2. Manufacturing
8.1.3. BFSI
8.1.4. IT and Telecommunications
8.1.5. Healthcare
8.1.6. Education
8.1.7. Government
8.1.8. Others
Chapter 9. Cloud Data Back Up & Recovery Market Regional Outlook
9.1. Cloud Data Back Up & Recovery Market share By Region, 2019 & 2027
9.2. North America
9.2.1. Market By Software, Market Estimates and Forecast, USD Billion
9.2.1.1. Data Reduction
9.2.1.2. Data Replication
9.2.1.3. Data Retention
9.2.2. Market By Deployment Model, Market Estimates and Forecast, USD Billion
9.2.2.1. Hybrid
9.2.2.2. Private
9.2.2.3. Public
9.2.3. Market By Organization, Market Estimates and Forecast, USD Billion
9.2.3.1. Large Enterprises
9.2.3.2. Small and Medium Enterprises
Continue…
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