Cloudy with a Chance of…Backup Requirements

The Cloud Backup and Recovery Market size is expected to grow by USD 14.59 billion from 2020 to 2025 with an accelerated CAGR of 17.07%.

Cloud backup refers to backing up data that includes sending a copy of the data to a remote server. These servers are hosted by a third-party service provider that charges the cloud backup fee based on different parameters such as users, capacity, or bandwidth. 

Source: https://www.technavio.com/report/cloud-backup-and-recovery-market-industry-analysis?utm_source=prnewswire&utm_medium=pressrelease+&utm_campaign=tnv6_rep1_wk27_2022_007&utm_content=IRTNTR43397&nowebp