Global Cloud Backup and Recovery Software Market Overview:
Cloud backup & recovery refers to backing up of electronic data by spending a recovering of data over the proprietary or public network to a remote network server. The demand for cloud backup is increasing due to huge volume of data generation and storage, Cost Saving, virtualization of data and growing adoption of SaaS. The market is boosting with emergence of new application and technology as AI, big data and IOT among others.
Growth Drivers
- Rising Focus Towards Reducing IT Expenditure
- Growing Adoption of Saas Driving the Demand for Cloud Backup
- Huge Volume of Data Generation and Rise in Backup Requirement of Enterprise
Roadblocks
- Latency in Data Retrieval and Interruption
- Compatibility Concerns for Certain Applications With the Cloud Environment
Opportunities
- Rising Demand for These Solution Among SMEs
- Growing Adoption Rate of Hybrid Cloud Expected to Transform The Cloud Backup
Challenges
- Increasing Complexities of Bandwidth Limitations
- Rise in Concern Regarding Data Privacy and Governance
Competitive Landscape:
Some of the key players profiled in the report are CA Technologies (United States), CommVault (United States), Dell EMC (United States), IBM (United States), Symantec (United States), Oracle Corporation (United States), Asigra Inc. (Canada), Barracuda Networks, Inc. (United States), Carbonite, Inc. (United States), Code42 Software, Inc. (United States), Datto, Inc. (United States), Druva Software (United States) and International Business Machines Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Iron Mountain Incorporated (United States), Microsoft Corporation (United States), Acronis International GmbH (Switzerland) and Veeam Software (Switzerland). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud Backup and Recovery Software market by 2026.
Latest Market Insights:
In January 2017, Carbonite, Inc., a leading provider of data protection solution for small and midsize business acquired Double-Take Software. The acquisition would enhance Carbonite's existing suite of data protection solutions for small and midsize businesses (SMB) which would reduce down time.
What Can be Explored with the Cloud Backup and Recovery Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud Backup and Recovery Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud Backup and Recovery Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Backup and Recovery Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Backup and Recovery Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cloud backup and Recovery vendors, Cloud service and Recovery providers, Telecom service providers, System integrators, Cloud service providers, Government agencies, Consultancy firms/advisory firms, Training and consulting service providers and Managed service providers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.