Cloud Backup & Recovery Software Market Expected to Reach $22,228 Million by 2023

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Opportunity Analysis and Industry Forecast,
2016-2023
Global Cloud Backup Recovery Software
Market Industry Analysis and Forecast-2023  
Global Opportunity Analysis and Industry
Forecast, 2016-2023
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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. Rachita Rake Research Analyst, ICT
at AMR
Global Opportunity Analysis and Industry
Forecast, 2016-2023
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Cloud Backup Recovery Software Market
Cloud Backup Recovery Software Market by
Deployment Model, User Type, and Industry
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. Request to sample-
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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.
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By Geography North America U.S. Canada Mexico Eu
rope 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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Cloud Backup Recovery Software Market
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