The global Cloud Data Back-Up Recovery market report by Emergen Research is the latest document covering the changes in the market dynamics and trends that have followed the COVID-19 outbreak. The global health emergency has brought about unprecedented changes in the global economic scenario, drastically affecting the Cloud Data Back-Up Recovery market landscape, disrupting its supply chains, and causing volatility in prices and demand for products. The report analyzes the impact of the pandemic on the Cloud Data Back-Up Recovery industry and highlights its beleaguered segments. However, our analysts speculate that the market will regain traction in the post-COVID scenario.

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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Key insights presented in the report:

• Market revenue shares by major business players, by type, by application, and market scope of global Cloud Data Back-Up Recovery market
• Sales revenue by key players and new entrants
• Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight into recent trends and opportunities

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The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others.

The key players profiled in the report are:

Dell Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Acronis International GmbH, CA Technologies, Hewlett Packard Enterprise, Commvault, Veeam Software, NetApp, Inc.

Key Questions Answered in the Report:

• What will be the estimated growth rate of the Cloud Data Back-Up Recovery market by 2027?
• Who are the prominent distributors, vendors, and manufacturers of the market?
• What are the driving and restraining factors of the growth of the Cloud Data Back-Up Recovery market throughout the forecast period?
• What are the current and future market trends of the Cloud Data Back-Up Recovery market?
• What are the sales and price analysis of the product by types, applications, and regions?
• What are the expected opportunities for the companies and new entrants in the coming years?

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Some Key Highlights:

• 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.
• Due to the advantages, such as greater compliance with safety regulations, improved redundancy, minimizing total cost of ownership, quick recovery, improved availability, the hybrid sector is anticipated to hold the largest market during the forecast period.
• As businesses focus on cloud storage & recovery technologies for data access to minimize unusual delays in accessing business data challenges, the large enterprise segment is expected to dominate the market over the forecasted period.
• It is expected that the BFSI segment will hold the largest market share throughout the forecast timeframe since the banking sector has received a massive boost by effective online banking through cloud technologies.
• 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.

Market Overview:

The report bifurcates the Cloud Data Back-Up Recovery market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Software Outlook (Revenue, USD Billion; 2017-2027)

  • Data Reduction
  • Data Replication
  • Data Retention

• End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Retail
  • Manufacturing
  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Education
  • Government
  • Others

• Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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