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Global Cloud Backup and Recovery Software Market 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.

Technavio’s 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
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.

Key vendors
  • CA Technologies
  • CommVault
  • EMC
  • IBM
  • Microsoft
  • Symantec
Other
    prominent vendors
  • Acronis
  • Actifio
  • Asigra
  • Carbonite
  • Dell Software
  • EVault
  • FalconStor Software
  • HP
  • Intronis
  • NetApp
  • Unitrends
  • Veeam
  • Veritas Software Corporation
Market
    driver
  • Focus on reducing IT expenditure
  • For a full, detailed list, view our report
Market
    challenge
  • Latency in data transfer
  • For a full, detailed list, view our report
Market
    trend
  • Emergence of infrastructure as a service (IaaS) and on-demand cloud providers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Cloud Backup and Recovery Software Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Cloud Backup and Recovery Software Market: CA Technologies, CommVault, EMC, IBM, Microsoft and Symantec.

Other Prominent Vendors in the market are: Acronis, Actifio, Asigra, Carbonite, Dell Software, EVault, FalconStor Software, HP, Intronis, NetApp, Unitrends, and Veeam Software.

Commenting on the report, an analyst from Technavio’s team said: “With the advent of IaaS and on-demand cloud providers like Amazon Web Services, new virtualization strategies have emerged. Most enterprises are quickly adopting these strategies to eliminate infrastructure limitations by developing and deploying applications on a single piece of hardware.”

According to the report, the global cloud backup and recovery software market is driven by several factors, including companies' need to reduce their IT spending. These cloud storage solutions provide infrastructure and application support to enterprises at a lower cost than on-premises storage solutions. Therefore, with the adoption of cloud backup services, enterprises are reducing their capital and operational expenditure on IT infrastructure.

Further, the report states that one of the major challenges faced by the market is the latency in data transmission during retrieval from the public cloud infrastructure. Interruptions in data availability can occur when data is retrieved and transmitted to the end-user location.

Companies Mentioned

CA Technologies, CommVault, EMC, IBM, Microsoft, Symantec, Acronis, Actifio, Asigra, Carbonite, Dell Software, EVault, FalconStor Software, HP, Intronis, NetApp, Unitrends, Veeam Software.

  • Executive summary
    • Highlights
  • Scope of the report
    • Major vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Cloud backup and recovery process
    • Cloud storage software classification
      • Table Cloud storage software classification
    • Main factors driving the need for backup and recovery software
    • Market size and forecast
      • Table Global cloud backup and recovery software market 2015-2020 ($ billions)
    • Cloud backup and recovery software as part of cloud storage solutions
      • Table Global cloud backup and recovery software market share in global cloud storage market 2015
  • Market segmentation by end user
    • Table Global cloud backup and recovery software market by end-user 2015
  • Geographical segmentation
    • Table Global cloud backup and recovery software market by region 2015
    • Table Global cloud backup and recovery software market by region 2015-2020
    • Table Global cloud backup and recovery software market revenue by region 2015-2020 ($ billions)
  • 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
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Latency in data transfer
    • Compliance issues
    • Increasing number of end-user locations
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of IaaS and on-demand cloud providers
    • Growing demand for big data and social networking
    • Increased use of database management solutions
    • Increased adoption of smart devices and tablets
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
    • Leading vendors
    • Other leading and prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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