Cloud Backup Market to Perceive Substantial
Growth During 2018-2026
Cloud backup Market study provides key insights about market drivers,
restraints, opportunities, new product launches or approval, regional
outlook, and competitive strategies adopted by the leading players.
The global cloud backup market is projected to value at US$ 1287 million in 2017 and is
projected to reach US$ 6367 million by 2025. The market is estimated to witness a CAGR of 22.1
% over the forecast period (2017 – 2025).
Cloud backup, also known as online backup or remote backup, is an alternative to conventional
backup. It offers several facilities such as creating, editing, managing, and restoring the data
backup. Increasing volume of data is the major factor leading to high demand for cloud backup.
According to Coherent Market Insights’ analysis, the data sphere will reach up to 163 zettabytes,
by 2025. Increasing adoption of software-as-a-service and various advantages of cloud backup
such as easy installation, cost-effectiveness, performance, scalability, and flexibility have also
accelerated growth of the market.
Browse Detail Market Report @
https://www.coherentmarketinsights.com/market-insight/cloud-backup-market-1055