![]() The cloud has given these firms access to apps for remote access to develop data & run mission-critical programs as well as to collaborate with partners and employees globally. Organizations all over the world, for instance, have embraced the idea of working remotely. In the initial quarter of 2020, the abrupt COVID-19 outbreak presented a fantastic chance for cloud backup. The market for cloud backup has, however, expanded quickly lately. The global cloud backup market has been bifurcated based on vertical, organization size, deployment model, service provider, and component.īy component, solution will lead the market over the forecast period.īy service provider, cloud service provider will domineer the market over the forecast period.īy deployment model, private cloud will spearhead the market over the forecast period.īy organization size, large enterprises will have the lions share in the market in the forecast period.īy vertical, BFSI will have the largest share in the market over the forecast period.Īround the world, the COVID-19 epidemic has had an impact on a number of businesses. The lack of awareness regarding cloud environments amid organizations, easy accessibility of alternate solutions, and reluctance of organizations to adopt cloud-based DR over the traditional methods may act as market restraints over the forecast period. Lack of Awareness to act as Market Restraint ![]() Browse In-depth Market Research Report (100 Pages) on Cloud Backup Market:
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