In Q3 2020, the cloud computing market saw an increase in demand as businesses continued to move workloads from analogue to digital formats. In order to speed up Industry 4.0, the fourth industrial revolution, it is changing how companies use smart technologies like mobile supercomputing, IoT, big data, and artificial intelligence. One of the biggest changes in the workplace are estimated to result from the pandemic. 2020 is a year of exception and analysis, especially with the impact of lockdown by region. The past five years' trends are considered while forecasting the market through 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. To know about the Research Methodology :- Request Free Sample ReportĢ022 is considered as a base year to forecast the market from 2023 to 2029. However, remote working has become the newest trend and is expected to last in the long run as companies, managers, and individuals continue to choose it as a result of the pandemic. Cloud computing can assist businesses in overcoming the obstacles to company continuity posed by lockdown, work-from-home, social isolation, and other market mandates. The COVID-19 pandemic has emerged as a major threat to the world economy. The Global Cloud Backup Market size is estimated to grow at a CAGR of 9.56% over the forecast period.Įmerging technologies like artificial intelligence (AI) & machine learning make it possible for businesses to use AI capabilities, which promotes cloud expansion. Cloud Backup Market was valued at US$ 11.62 Bn in 2022.
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