Published Date : Feb 21, 2018
Albany, New York, February 21, 2018: A highly detailed report, titled, “Global Cloud Backup and Recovery Software Market 2016-2020,” has been added by MarketResearchReports.biz to their vast repository. Based on this report, this market is prognosticated to experience good growth because of several stimulants positively contributing towards its growth.
The global cloud backup and recovery software market has been divided into various segments based on five criteria: solution, services, deployment, end-user and region. Among end users, the segment of government leads by attracting a significantly high revenue. A prime reason for this involves a large requirement of cloud systems in government agencies and offices. In terms of geography, the global cloud backup and recovery software market is spread across four regions: Europe, North America, Middle East and Africa, and Asia Pacific. The North American region has gained maximum market shares owing to high usage of cloud computing technologies in several service sectors. Favorable government initiatives too have promoted the market in the region.
A sudden explosion of data generation in the past two decades has made organizations rely on a variety of backup models, in order to keep their information safe and secure. But, physical backup devices themselves may be subject to damages, and this led to the evolution of online cloud based backup models. Such an urgent necessity to protect data generated through computers by sealing it off in a virtually impenetrable medium has been a chief driver for the global cloud backup and recovery software market. Many companies have been demanding a better computing infrastructure, which has led to the emergence of IaaS component, also known as ‘Infrastructure as a Service’. In this way, the rising demand for better computing infrastructure has also proven to beneficial for the market. A recent trend noticed in the global cloud based backup and recovery software market is the efforts by companies to reduce IT expenditure and this has led to the shift to cloud which in turn is catalyzing growth.
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In contrast to the drivers, low internet speeds mainly noticed in some emerging economies, where the Internet speed is far lower than the standard connectivity seen in developed nations. Slow operational speeds and backup latency is dealing a blow to this market. However, many players are attempting to tweak their products in order to make them work faster even on moderate speeds. Several government initiatives from across the globe are trying to improve Internet and connectivity speeds, thus aiming to reduce the hindrances affecting the global cloud backup and recovery software market.
As far as the vendor landscape is concerned, a fierce competition exists in the global cloud backup and recovery software market. This is mainly due to most companies trying to outgun each other through product development to up sales. Specific software programs are available for enabling cloud computing backup and recovery processes. With a continuous evolution in cloud computing technologies, changes in the form of updates are required in the software, thus forcing players to always strive for making their products better. Some of the prominent companies operating in the global cloud backup and recovery software market are
CA Technologies, CommVault, EMC, IBM, Microsoft, and Symantec, amidst many others.
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