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Global Cloud Backup and Recovery Market 2018-2022 - Key Vendors are Amazon.com, Barracuda Networks, CA, Hewlett Packard Enterprise Development & NetApp - ResearchAndMarkets.com

[February 27, 2018]

Global Cloud Backup and Recovery Market 2018-2022 - Key Vendors are Amazon.com, Barracuda Networks, CA, Hewlett Packard Enterprise Development & NetApp - ResearchAndMarkets.com

The "Global Cloud Backup and Recovery Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global cloud backup and recovery market to grow at a CAGR of 14.00% during the period 2018-2022.

Global Cloud Backup and Recovery Market 2018-2022, 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.

One trend in the market is rise in cloud security applications. One of the most significant challenges associated with the hybrid environment is security concerns. But in recent times, IT experts have been claiming that cloud solutions are more secure as compared to onsite data centers.

According to the report, one driver in the market is reduction in IT expenditure. In reent years, IT firms have doubled their expenditure on IT infrastructure procurement and maintenance to meet the growing demand and remain competitive in the market. This increased spending adds up to the operational cost of the firm

Further, the report states that one challenge in the market is cloud backup data security threats. Most of the cloud backup systems used to be vulnerable to hacking or malware infection. However, such systems have become more secure currently after taking necessary precautions to safeguard the user data. Despite this, there are still chances that such systems can be affected.

Key vendors