DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Cloud Backup and Recovery Software Market 2016-2020" report to their offering.
The report forecasts the global cloud backup and recovery software market to grow at a CAGR of 12.94% during the period 2016-2020.
The market is divided into the following segments based on end-user:
- Information and communication technology
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.
- CA Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Five forces analysis
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/klqnql/global_cloud