Global Cloud Backup & Recovery Software Market Overview:
The demand for cloud-based backup & recovery software is rising as the cloud is an ideal solution for small to medium-sized businesses, which cannot afford to implement an appropriate backup and recovery system in the house. The demand for cloud-based services is continuously increasing across several industry verticals, owing to numerous benefits such as reduced hosting costs, increased capacity, reduced labor and equipment costs, more streamlined operations, improved collaboration, and better productivity overall which is expected to drive the demand for cloud-based backup & recovery software over the forecasted period.
- Increasing Demand for Cloud-based Applications
- Growing Backup Requirements of Enterprises
- Compatibility Concerns for Certain Applications With the Cloud Environment
- Growing Adoption Among SMEs
- High Adoption Rate of Hybrid Cloud Expected to Transform the Cloud Backup Market
- Rising Concerns Regarding Data Privacy and Governance
- Latency in Data Retrieval and Interruptions
Some of the key players profiled in the report are Veritas Technologies LLC (United States), Veeam Software (Switzerland), Commvault (United States), IBM (United States), Dell EMC (United States), CA Technologies (United States), NortonLifeLock Inc. (United States), Microsoft Corporation (United States) and Acronis International GmbH (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Actifio (United States) and NetApp, Inc.(United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Cloud Backup & Recovery Software market by 2025. Considering Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Cloud Backup & Recovery Software market. Considering Market by Deployment Model, the sub-segment i.e. Private will boost the Cloud Backup & Recovery Software market.
In July 2020, Acronis, a global leader in cyber protection announced the acquisition of DeviceLock, Inc., a leading provider of endpoint device/port control and data loss prevention (DLP) software for enterprises and government institutions around the world. As part of the agreement, DeviceLock will become a wholly-owned subsidiary of Acronis.
In May 2019, Unitrends announced Unitrends Cloud Backup (UCB). This new product empowers IT professionals in small and mid-size organizations and managed service providers (MSPs) to protect data that resides on servers and endpoint devices by replicating it directly to the Unitrends Cloud.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Backup & 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 & 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 & Recovery Software Providers, Potential Investors, Technological Investors, Research Firm and Others.
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.