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Wednesday 30 March 2016

Global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020

About Cloud Backup and Recovery Software

Cloud or online backup is a method of backing up data that involves sending copies of the data over a public cloud. The server is usually hosted by a third-party service provider that charges the customer a fee based on bandwidth, capacity, number of users, and backup.
Cloud backup and recovery solutions securely copy the files to many servers. These solutions are safe from hard drive failures that are common with PCs. The files are also encrypted so that no one other than the user can view them, protecting the data from viruses and hackers. As well, cloud backup and recovery solutions allow fast and easy access to all backed-up files.

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Analysts forecast the global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cloud backup and recovery software market for 2016-2020. To calculate the market size, the report considers the revenue generated from software licenses, maintenance fees, and services. It also presents the vendor landscape and a corresponding detailed analysis of the five vendors operating in the market, which were selected based on their revenue generated from cloud backup and recovery software sales and services.

The market is divided into the following segments based on end-user:Manufacturing
BFSI
Information and communication technology
Others

Report, Global Cloud Backup and Recovery Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendorsCA Technologies
CommVault
EMC
IBM
Microsoft
Symantec

Other prominent vendorsAcronis
Actifio
Asigra
Carbonite
Dell Software
EVault
FalconStor Software
HP
Intronis
NetApp
Unitrends
Veeam
Veritas Software Corporation

Market driverFocus on reducing IT expenditure
For a full, detailed list, view our report

Market challengeLatency in data transfer
For a full, detailed list, view our report

Market trendEmergence of infrastructure as a service (IaaS) and on-demand cloud providers
For a full, detailed list, view our report

Key questions answered in this reportWhat will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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About ResearchMoz
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

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