Cloud backup and recovery services automatically backup information from different parts of an organization. This helps organizations in avoiding the risk of loss of crucial business data. Also, it facilitates organizations in scaling resources. Moreover, it reduces the burden on IT experts. It also improves the enterprise data security procedures. However, the latency between cloud services can slow down the adoption of cloud backup solutions. Therefore, there is a need for an operational model to make the most of backup solution.
Currently, the average recovery time is a couple of days, although it varies according to the volume of data. The demand for cloud backup is increasing due to the rising number of companies transferring their data to the cloud.
Market Dynamics:
Various industries are deploying cloud-based services. Increasing demand for big data and smart devices have helped increase the adoption of this technology. Moreover, the need to cut down on IT expenses is also driving growth of the global cloud backup & recovery software market. Another driving factor is the increasing number of organizations adopting cloud computing. Besides, the emergence of IaaS providers is another opportunity for the growth of the cloud backup and recovery software market.
However, the high cost of software and technical limitations, along with slow reaction time of data retrieval are the factors expected to hamper growth of the global cloud backup & recovery market over the forecast period.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on “Global Cloud Backup & Recovery Software Market” - Global forecast to 2030
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