Global Cloud Backup and Recovery Software Market to grow at a CAGR of 12.94% during 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.
Technavios analysts forecast the global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020.
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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
Technavio's 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.
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Major vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Cloud storage software classification
Main factors driving the need for backup and recovery software
Market size and forecast
Cloud backup and recovery software as part of cloud storage solutions
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Market drivers
Focus on reducing IT expenditure
Improved organizational productivity
Stringent security and regulatory policies
Demand for cloud-based services
Increased enterprise-wide data storage
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