Cloud Hosting

Segmentation by End-user (In-Scope/Out-of-Scope)

The market vendors should focus on grabbing business opportunities from the ICT segment under the end-users category, as it accounted for the largest market growth share in the base year. The growth of the segment is driven by factors such as the increasing demand for the digitalization of the core business processes.

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Vendor Insights-

The cloud backup and recovery market is fragmented, and the vendors are deploying growth strategies such as focusing on product and service extensions, technological innovations, and M&As to compete in the market. Some of the key vendors operating in the market include Acronis International GmbH, Asigra Inc., Commvault Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Rackspace Technology Inc., Redstor, Veeam Software Group GmbH, and Veritas Technologies LLC among others. The key offerings of some of the vendors are listed below:

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Learn More about Key Driver & Challenge of the Market-

The expenditure of IT firms on infrastructure procurement and maintenance is increasing. This raises the operational cost of firms. Cloud backup and recovery can help organizations reduce the maintenance cost, as well as system upgrades, software patching, and other operation-related functions of an IT department.The increased adoption of these solutions enables organizations to reduce the maintenance cost, as well as system upgrades, software patching, and other operation-related functions of an IT department.

Latency in data transmission during the retrieval of information from the public cloud infrastructure is a major challenge. Distributed computing, virtualization, and prioritizing traffic are some of the major causes of latency. The delay in data transfer can lead to an increase in cost for users of multiple cloud service providers. Thus, latency in the cloud network can hamper the adoption of cloud backup and recovery solutions during the forecast period.

Find additional information about various other market Drivers & Challenges mentioned in our sample report.

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Cloud Backup And Recovery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17.07%

Market growth 2021-2025

USD 14.59 billion

Market structure

Fragmented

YoY growth (%)

16.55

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, Canada, UK, China, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acronis International GmbH, Asigra Inc., Commvault Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Rackspace Technology Inc., Redstor, Veeam Software Group GmbH, and Veritas Technologies LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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Cloud Backup and Recovery Market Size to Grow by USD 14.59 billion | Hewlett Packard Enterprise Co. and International Business Machines Corp. Among...