It is anticipated that the Cloud Backup and Recovery Market will grow at a CAGR of 18.43% from 2022 to 2027, potentially increasing by USD 20,727.97 million. Factors driving this growth include reduced IT costs, increased demand for cloud applications, and stricter regulations for data security. The market spans multiple sectors such as ICT, manufacturing, BFSI, and healthcare, catering to both large enterprises and SMEs. Additionally, the report includes an in-depth analysis of market segmentation, historical data from 2017 to 2021, and detailed insights into trends, drivers, and challenges.