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(Wireless-NewsWire.Com, July 30, 2024 ) As per Maximize Market research, Data Backup and Recovery Market size was valued at USD 12.90 Bn. in 2023 and the total Data Backup and Recovery revenue is expected to grow by 10.3 percent from 2024 to 2030, reaching nearly USD 25.63 Bn
Backup and recovery refer to the act of producing and keeping data copies that may be used to safeguard businesses from data loss. report also helps in understanding the Data Backup and Recovery market dynamics, and structure by analyzing the market segments and projecting the Data Backup and Recovery market size
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Data backup and recovery market is driven by the need to safeguard critical business information, with a focus on security to mitigate data loss risks. However challenges include the limitations of cloud backup technology, such as dependency on internet connectivity and potential bandwidth issues
North America is estimated to lead the Data Backup and Recovery Market. North American corporations use data recovery software widely across their varied operations Because financial organizations, such as banks, rely on electronic data regularly, a thorough disaster recovery plan is required to assist them to safeguard critical information and return to normal operations.
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Cider Market Segmentation:
by Component
Software
Services
by Service
Professional Services
Managed Services
by Vertical
BFSI
IT and Telecommunications
Retail
Government and Public Sector
Healthcare
Media and Entertainment
Manufacturing
Others
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Cider Market Key Players:
NetApp, Inc.
Rackspace, Inc.
Veritas Technologies LLC
CommVault Systems Inc.
Acronis International GmbH
Carbonite Inc.
Actifio
Unitrends
Asigra
Redstor Limited
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Global Climate Data Analysis Market size was valued at USD 860 Mn in 2023 and is expected to reach USD 5990 Mn by 2030, at a CAGR of 32%.
Virtual Machine Backup and Recovery Market is expected to reach US $ 2.90 Bn by 2029, at a CAGR of 7.1% during the forecast period.
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