The market for cloud backup & recovery software is propelled by the need for businesses to lower their IT costs, rising demand for cloud-based services across numerous industry verticals, and surge in backup requirements of organisations. In addition, the development of IaaS and on-demand cloud providers, rising use of tablets and smartphones, and the strong demand for big data and social networking give a number of chances for Cloud Backup & Recovery Software Market expansion.
During the projection period, hybrid is anticipated to expand significantly. The IT & telecom segment dominated the market in 2016 and is predicted to do so again soon. Furthermore, due to its high rate of adoption of cloud storage solutions, North America is anticipated to lead the global market during the projection period.
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