Cloud Backup Market by Component, solution, services, Deployment model, Organization Size, Verticals and Geography-Global Forecast, 2022 - 2028

Cloud backup is an alternative to conventional backup, which is used to create, edit, manage and restore data, and application and services by using cloud computing infrastructure and resources. Global cloud back up market is estimated to be valued at US$ 1287 million by 2017. By the end of 2025, the cloud backup market is projected to reach US$ 6367 million, exhibiting a CAGR of 22.1%. Rising data volume, increasing installation of internet of things, rising adoption of software as a service are some of the key factors fueling growth of the cloud backup market. 

Market Dynamics

Increasing volume of data is one of the major drivers for growth of the cloud backup market. According to Coherent Market Insights, in 2021, 16.1 zettabyte of data was generated, globally. Moreover, adoption of Internet of Things is increasing the volume of data generated through connected devices. According to Coherent Market Insights, in 2021, the number of connected device was around 6.4 billion, globally. Data from these devices needs to be stored and requires huge storage space. This factor is expected to fuel demand for cloud backup. Rising adoption of Software-as-a-Service platform (SaaS), increasing digitalization, and growing use of cloud technology by small and medium enterprises is also expected to accelerate growth of the cloud backup market.      

Key features of the study:

This report provides an in-depth analysis of cloud backup market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global cloud backup market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.

Key companies covered as a part of this study include Amazon Web Services, Barracuda Networks, Inc., Code42 Software, Inc., Datto, Inc., Dropbox, Inc., Druva Software, EMC Corporation, Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Veeam Software, and VMware Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics

The global cloud backup market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the cloud backup market.

Detail Cloud Backup Market Segmentation:

Global Cloud Backup Market, By Component:

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

Global Cloud Backup Market, By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

Global Cloud Backup Market, By Organization Size:

Small and Medium-Sized Enterprises

Large Enterprises

Global Cloud Backup Market, By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

Global Cloud Backup Market, By Region:

North America

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Country

U.S.

Canada

Europe

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Country

Germany

U.K.

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Region

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Latin America

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Country

Brazil

Mexico

Rest of Latin America

                                   

Africa

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Country

North Africa

Central Africa

South Africa

Middle East

By Segment

By Component

Solution

Personal Backup

Business Backup

Cloud backup for Service providers

Service

Management and Customization

Professional Services

Training and consulting

Integrations

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance

Consumer Goods and Retail

Education

Government and Public Sector

Healthcare and Life Sciences

Manufacturing

Media and Entertainment

Telecommunication and ITeS

Others

By Country

GCC

Israel

Rest of Middle East

Company Profiles

Microsoft Corporation

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans

Oracle Corporation

IBM Corporation

Amazon Web Services.

EMC Corporation

Google Inc.

VMware Inc.

Dropbox, Inc.

Barracuda Networks, Inc.

Veeam Software

Datto, Inc.

Druva Software

Code42 Software, Inc.

Section

References

Research Methodology

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