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The cloud backup and recovery market size is forecast to increase by USD 33.82 billion at a CAGR of 23.31% between 2023 and 2028. The market is witnessing a significant trend with the expansion of cloud computing models. Cloud computing continues to evolve annually and is poised for rapid growth in the foreseeable future. However, a major obstacle hindering market advancement is latency within the cloud network. Retrieving information from public cloud infrastructure poses a significant challenge for businesses due to latency in big data. On a positive note, market growth is being driven by a reduction in IT expenditure. In response to increasing demand and to maintain competitiveness, IT firms have substantially increased investment in managed IT infrastructure services and maintenance in recent years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Sector
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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