Cloud Backup Market by Service Model, Component, Service Provider, Deployment Type, Organization Size, End Use Industries

List of Tables

The Cloud Backup Market was valued at USD 6.34 billion in 2023 and is projected to grow to USD 7.37 billion in 2024, with a CAGR of 17.07%, reaching USD 19.11 billion by 2030.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.34 billion
Estimated Year [2024]	USD 7.37 billion
Forecast Year [2030]	USD 19.11 billion
CAGR (%)	17.07%

In today's rapidly evolving digital ecosystem, cloud backup has emerged as a critical component in the data management strategies of organizations across various industries. The increasing reliance on digital data, coupled with the growing need for secure, scalable, and accessible storage solutions, has fundamentally redefined how enterprises protect and manage information assets. This shift has been driven by the imperative of mitigating data loss, ensuring business continuity, and complying with stringent regulatory requirements. As organizations navigate a complex web of cybersecurity threats and increasing data volumes, cloud backup solutions have positioned themselves not just as an alternative to traditional on-premise storage but as the standard for robust, future-proof disaster recovery and data preservation.

The transition from conventional backup mechanisms to cloud-centric models is accompanied by a paradigm shift in technology adoption. Advances in automation, artificial intelligence, and machine learning have enabled providers to offer highly sophisticated backup solutions that not only secure data but also optimize storage and streamline recovery processes. This digital transformation is not limited to large conglomerates; small and medium enterprises are also embracing cloud backup solutions to drive operational efficiency and enhance competitive advantage. In this dynamic framework, proactive data management is key to sustaining long-term growth and operational resilience.

Furthermore, the integration of cloud backup services into larger digital ecosystems is increasingly becoming a point of emphasis. With evolving IT infrastructure and the relentless pace of technological innovation, organizations are compelled to invest in cloud backup capabilities that are agile and capable of handling multivariate workloads. This introduction lays the foundational perspective on the evolution of cloud backup, setting the stage for a deeper examination of the market trends, segmentation insights, regional dynamics, and competitive landscape that define this critical sector.

Transformative Shifts in the Cloud Backup Landscape

The cloud backup market is undergoing transformative shifts that are reshaping the very definition of data security and availability. Industry stakeholders are witnessing an unprecedented evolution in market dynamics, driven by innovations in technology and surges in data volumes. The rapid digital transformation witnessed across industries has not only led to a paradigm shift in how data is stored but has also catalyzed the development of advanced backup solutions that integrate seamlessly with existing IT infrastructures.

One of the most significant shifts has been the widespread adoption of multi-cloud and hybrid cloud strategies. Organizations are increasingly abandoning the binary choice between public and private cloud solutions, instead opting for a blend that harnesses the power of both. This transition has been pivotal as enterprises look to leverage the agility of public cloud services while maintaining the control and security offered by private cloud environments. Such a dual approach ensures that data is continuously accessible, resilient, and secure, even in the face of evolving cyber threats.

The technological leap in cloud backup solutions involves the integration of automation and machine learning algorithms that proactively monitor data integrity and optimize backup frequencies. These smart technologies are capable of predicting potential system failures and initiating preventive measures before an incident can impact business operations. Additionally, the evolution of cloud backup services has been marked by a significant reduction in recovery times, enabling organizations to resume critical operations with minimal downtime.

Security remains at the forefront of these transformative shifts. Enhanced encryption methods, the deployment of zero-trust architectures, and robust identity management protocols are now standard features in modern cloud backup solutions. In an age where data breaches are not a matter of if, but when, the heightened emphasis on security protocols provides organizations with much-needed assurance and a competitive edge.

Equally important is the shift in regulatory landscapes that demand comprehensive data protection strategies. Legislations such as GDPR and CCPA have driven enterprises to adopt cloud backup solutions that not only ensure compliance but also provide detailed audit trails and comprehensive reporting capabilities necessary for regulatory transparency. This regulatory impetus has driven innovation, as providers continuously refine their offerings to meet these evolving standards and expectations.

In summary, these transformative shifts are not siloed improvements but interconnected developments that underscore the intrinsic value of cloud backup solutions. They reflect a broader, industry-wide commitment to protecting digital assets and ensuring that data integrity remains uncompromised in an increasingly volatile digital world.

Key Segmentation Insights Driving Cloud Backup Adoption

A nuanced analysis of the cloud backup market reveals a multifaceted segmentation framework that underpins its rapid evolution. Critical to understanding this landscape is the segmentation based on service model, which examines market offerings across Infrastructure as a Service, Platform as a Service, and Software as a Service. Each segment brings its own unique set of advantages where Infrastructure as a Service emphasizes robust hardware and scalability, Platform as a Service focuses on flexible development environments, and Software as a Service delivers streamlined, on-demand applications that drive business agility.

Equally important is the segmentation based on component. This considers the dual aspects of services and solutions, where services are further delineated into categories such as support and maintenance, system integration, training and consulting. Each of these plays a vital role in ensuring that customers receive comprehensive support throughout their cloud journey. In parallel, the solution component is sub-categorized into backup storage, disaster recovery, and primary storage. This segmentation underlines how organizations are not just seeking a repository for data but a holistic solution that integrates disaster recovery protocols and primary storage functionalities. The convergence of these components illustrates the market's sophisticated approach to addressing both immediate operational needs and longer-term strategic challenges.

The market segmentation is further refined by the analysis based on service provider. Here, the cloud backup landscape is examined through the lenses of cloud service providers, managed service providers, and telecom and communication service providers. This tripartite division underscores the variety of players in the market, each leveraging their unique expertise to address different customer segments. The evolution of the market is also seeing an increased trend towards collaborative partnerships among these service providers to create ecosystems that offer enhanced value and efficiency.

Deployment type offers another layer of detailed segmentation, differentiating between hybrid cloud, private cloud, and public cloud solutions. This segmentation highlights the strategic choices organizations must make in balancing cost, security, and scalability. Hybrid cloud deployments, in particular, are gaining traction as they offer a balanced integration of public and private infrastructures, enabling businesses to tailor their backup strategies to specific needs and risk profiles.

Additional segmentation insights derive from the analysis based on organization size, where the market is dissected into large enterprises and small and medium enterprises. This distinction is crucial as the scale of operations and budgetary constraints significantly influence purchasing decisions and customization needs. Large enterprises often require complex, high-capacity solutions tailored for extensive data handling, while smaller businesses look for cost-effective, straightforward backup solutions that do not compromise on reliability.

The final layer of segmentation focuses on end use industries. The cloud backup market is studied across sectors such as banking, financial services, and insurance; consumer goods and retail; government and public sector; healthcare and life sciences; manufacturing and construction; and telecommunications and computing. These industry-specific nuances play a vital role in shaping the solution requirements, with each sector demanding bespoke configurations to address unique regulatory frameworks, operational challenges, and risk assessments. This multi-dimensional segmentation framework provides deep insights into how cloud backup solutions are tailored to meet the diverse demands of a rapidly evolving market, ultimately enabling the development of targeted strategies and customized service offerings that resonate with end users.

Based on Service Model, market is studied across Infrastructure as a Service, Platform as a Service, and Software as a Service.

Based on Component, market is studied across Services and Solution. The Services is further studied across Support & Maintenance, System Integration, and Training & Consulting. The Solution is further studied across Backup Storage, Disaster Recovery, and Primary Storage.

Based on Service Provider, market is studied across Cloud Service Provider, Managed Service Provider, and Telecom & Communication Service Provider.

Based on Deployment Type, market is studied across Hybrid Cloud, Private Cloud, and Public Cloud.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises.

Based on End Use Industries, market is studied across Banking, Financial Services, & Insurance, Consumer Goods & Retail, Government & Public Sector, Healthcare & Life Sciences, Manufacturing & Construction, and Telecommunications & Computing.

Regional Trends and Market Dynamics in Cloud Backup

Exploring the geographic distribution of cloud backup adoption offers valuable insights into regional market dynamics. In the Americas, the demand for cloud backup solutions is propelled by highly competitive, innovation-driven economies. Businesses in this region benefit from advanced telecommunications infrastructure and a vibrant startup ecosystem that encourages rapid technology adoption. This growth is further enhanced by stringent regulatory standards which compel organizations to adopt robust data protection measures, thereby driving the integration of comprehensive cloud backup solutions into their IT architecture.

Turning attention to the Europe, Middle East & Africa, this region presents a diverse landscape where mature economies coexist with emerging markets. In Europe, the emphasis on data privacy and the enforcement of comprehensive regulatory frameworks have accelerated the adoption of cloud backup alternatives. Organizations here are increasingly investing in solutions that not only safeguard data but also streamline compliance with complex regulations. Meanwhile, the Middle East and Africa are experiencing a surge in digital transformation initiatives that are driving a significant uptick in cloud backup implementations. The convergence of modern IT practices and a burgeoning focus on data-driven decision making is setting the stage for pronounced market growth in this territory.

The Asia-Pacific region stands out as one of the fastest-growing markets for cloud backup services. The region's rapid digitalization, fueled by widespread smartphone adoption and the proliferation of internet connectivity, has created an expansive and competitive market environment. Enterprises in Asia-Pacific are not only investing heavily in advanced backup solutions to support business resilience but also leveraging these technologies to achieve strategic agility and market differentiation. This regional dynamism is further amplified by increasing government initiatives aimed at bolstering digital infrastructure, enhancing cybersecurity, and promoting cloud-based services across public and private sectors. The varying levels of technological maturity across countries in this region offer a mosaic of opportunities and challenges, rendering Asia-Pacific a crucial landscape for cloud backup adoption and innovation.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Georgia, Illinois, New York, Ohio, Pennsylvania, Texas, and Washington. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Notable Players and Market Innovators Leading the Charge

The competitive landscape of the cloud backup market features a wide array of prominent players and innovators who are continuously shaping industry standards. Major companies such as Acronis International GmbH, Alibaba Group Holding Limited, and Amazon Web Services have leveraged their technological prowess and market reach to offer integrated, scalable, and secure backup solutions that cater to diverse business needs. Their advanced solutions set benchmarks in reliability and performance, driving the broader market trajectory.

Other significant contributors include Arcserve LLC, AT&T Inc., and Backblaze Inc., each of which has carved out a niche by offering specialized services that integrate deep technical knowledge with industry-specific expertise. The entry of Barracuda Networks, Inc. and Broadcom Inc. has further diversified the competitive arena, bringing innovative approaches that challenge traditional backup paradigms. Meanwhile, industry veterans such as Cisco Systems, Inc., Cohesity, Inc., and Commvault Systems, Inc. continue to evolve their product portfolios to meet the demands of an increasingly data-centric world.

The role of newer entrants like CrashPlan Group LLC and emerging innovators from Dell Technologies Inc., Dropbox, Inc., and Druva Inc. cannot be understated. Their ability to quickly adapt to changes and deliver high-value, user-friendly solutions has significantly influenced adoption trends, especially among small and medium enterprises. Additional contributions from regional players such as ESDS Software Solution Ltd. and international technology firms like Fujifilm Holdings Corporation, Fujitsu Limited, and Google LLC by Alphabet Inc. have also enriched the ecosystem, offering diverse solutions that span the spectrum from basic backup services to complex disaster recovery frameworks.

Further reinforcing market dynamism are companies like Hewlett Packard Enterprise Development LP and Huawei Technologies Co., Ltd, whose innovations in IT infrastructure and network reliability have paved the way for next-generation cloud backup implementations. SOLUTIONS providers such as HYCU, Inc., IDrive Inc., and Intel Corporation bring with them decades of expertise in system design and integration, enhancing the capabilities of backup solutions. Prominent names such as International Business Machines Corporation and Iron Mountain Inc. have further leveraged their global reach to drive innovation and improve market penetration.

The competitive narrative is rounded out by specialists including Jotta AS, Kaseya Limited, and technology giants like Microsoft Corporation, MSP360, and OpenDrive who continue to push the envelope in service delivery and user experience. Organizations like OpenText Corporation, Oracle Corporation, and pCloud International AG enrich the marketplace with their robust cloud solutions, while Salesforce, Inc., SAP SE, and SpiderOak Inc. provide critical tools that amplify operational efficiency and data management intuitiveness. Industry titans such as Tencent Holdings Ltd., Veeam Software Group GmbH, and Veritas Technologies LLC not only enhance competitive intensity but also drive continuous improvement, ensuring that cloud backup solutions remain ahead of the curve in innovation and security.

The report delves into recent significant developments in the Cloud Backup Market, highlighting leading vendors and their innovative profiles. These include Acronis International GmbH, Alibaba Group Holding Limited, Amazon Web Services, Arcserve LLC, AT&T Inc., Backblaze Inc., Barracuda Networks, Inc., Broadcom Inc., Cisco Systems, Inc., Cohesity, Inc., Commvault Systems, Inc., CrashPlan Group LLC, Dell Technologies Inc., Dropbox, Inc., Druva Inc., ESDS Software Solution Ltd., Fujifilm Holdings Corporation, Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, HYCU, Inc., IDrive Inc., Intel Corporation, International Business Machines Corporation, Iron Mountain Inc., Jotta AS, Kaseya Limited, Microsoft Corporation, MSP360, OpenDrive, OpenText Corporation, Oracle Corporation, pCloud International AG, Salesforce, Inc., SAP SE, SpiderOak Inc., Tencent Holdings Ltd., Veeam Software Group GmbH, and Veritas Technologies LLC. Strategic Recommendations for Industry Leaders

For organizations seeking to lead in the cloud backup market, several strategic imperatives stand out as key to achieving a competitive advantage. Firstly, it is essential to invest in next-generation technologies that foster automation and real-time data analytics. Embracing cutting-edge advancements, such as predictive analytics and machine learning, can significantly reduce recovery times and enhance data protection measures by foreseeing potential system vulnerabilities before they evolve into critical issues.

Industry leaders should focus on tailoring backup solutions to meet the specific needs of various customer segments. This includes designing versatile service models that cater to both Infrastructure as a Service and Software as a Service, thereby ensuring that solutions remain adaptable to dynamic market demands. Providers may also consider integrating expanded service portfolios that combine support and maintenance, system integration, and consulting offerings, ensuring a seamless customer experience from deployment through to ongoing operations.

In addition, there is a pressing need to bolster security frameworks within cloud backup solutions. Reinforcing data security measures through robust encryption, adherence to zero-trust architectures, and the implementation of comprehensive identity management protocols is critical to maintaining customer trust. Aligning these security enhancements with evolving regulatory requirements will not only ensure compliance but also differentiate service providers in a crowded marketplace.

Another strategic focus for industry leaders should be the adoption of flexible deployment models. Hybrid cloud architectures, which blend public and private cloud functionalities, are emerging as the preferred approach for many organizations seeking to balance agility with control. By offering modular and scalable solutions, companies can cater to a wide array of requirements, from high-demand environments in large enterprises to more streamlined setups for small and medium enterprises.

Collaboration is also a key enabler for success. Forging strategic partnerships and alliances across the technology and service provider ecosystems can yield enhanced value by pooling expertise, resources, and innovative capabilities. These partnerships can spur new service models, drive integration across various platforms, and ultimately accelerate market penetration.

Finally, it is essential for leaders to engage in thoughtful market segmentation and audience targeting based on industry, organization size, and geographic location. A keen understanding of specific needs-whether in banking, healthcare, government, or telecommunications-will allow providers to customize their offerings more precisely and effectively address market demands. This tailored approach, when paired with agile technology strategies, will position organizations to not only meet current market expectations but also to adapt swiftly to emerging trends in the ever-evolving digital landscape.

Conclusion: Embracing Change in the Cloud Backup Landscape

In conclusion, the cloud backup market is characterized by profound transformations and dynamic shifts that reflect broader trends in digitalization and data protection. As organizations worldwide place an increasing emphasis on resilience, scalability, and regulatory compliance, cloud backup solutions have emerged as an indispensable asset in modern data management. The evolution witnessed in service models, technological innovations, and market segmentation underscores the imperative for enterprises to invest in robust, secure, and flexible backup architectures.

The comprehensive insights presented in this analysis highlight not only the diverse landscapes across regions and industry segments but also the critical role of strategic partnerships and technology integration in driving business success. Stakeholders are encouraged to remain agile, continuously monitor emerging trends, and adopt best practices that seamlessly integrate cloud backup into broader IT strategies. The future is set to reward those who are proactive in securing their digital assets while staying ahead of evolving market demands and technological advancements.

As the digital and regulatory environments continue to evolve, organizations must embrace change and commit to innovation. The cloud backup sector is not merely a technical utility but a strategic imperative that underpins operational continuity, business intelligence, and competitive differentiation in today's digital economy.

Product Code: MRR-034230D3E671

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising shift to remote work fostering the adoption of cloud backup
  - 5.1.1.2. Government initiatives supporting cloud backup technologies and services
- 5.1.2. Restraints
  - 5.1.2.1. Technical complexities caused by downtime and issues of vendor lock-in period
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovations in hybrid and multi-cloud solutions to enhance cloud backup offerings
  - 5.1.3.2. New investments in cloud backup solutions integrated with advanced security solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to data privacy, cyber-attacks, and data management
5.2. Market Segmentation Analysis
- 5.2.1. Service Model: Growing demand for software as a service models for continuous data protection and easy data recovery
- 5.2.2. Component: Exploration of the diverse landscape of the cloud backup services and solutions
- 5.2.3. Service Provider: Potential role of cloud service providers in improving safety and efficiency of cloud backup
- 5.2.4. Deployment Type: Balancing scalability and security with public, private, and hybrid cloud backup solutions
- 5.2.5. Organization Size: Exploring diverse cloud backup solutions for large enterprises and SMEs
- 5.2.6. End Use Industries: Proliferating digitalization of cloud backup systems in healthcare operations worldwide
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Cloud Backup Market, by Service Model

6.1. Introduction
6.2. Infrastructure as a Service
6.3. Platform as a Service
6.4. Software as a Service

7. Cloud Backup Market, by Component

7.1. Introduction
7.2. Services
- 7.2.1. Support & Maintenance
- 7.2.2. System Integration
- 7.2.3. Training & Consulting
7.3. Solution
- 7.3.1. Backup Storage
- 7.3.2. Disaster Recovery
- 7.3.3. Primary Storage

8. Cloud Backup Market, by Service Provider

8.1. Introduction
8.2. Cloud Service Provider
8.3. Managed Service Provider
8.4. Telecom & Communication Service Provider

9. Cloud Backup Market, by Deployment Type

9.1. Introduction
9.2. Hybrid Cloud
9.3. Private Cloud
9.4. Public Cloud

10. Cloud Backup Market, by Organization Size

10.1. Introduction
10.2. Large Enterprises
10.3. Small & Medium Enterprises

11. Cloud Backup Market, by End Use Industries

11.1. Introduction
11.2. Banking, Financial Services, & Insurance
11.3. Consumer Goods & Retail
11.4. Government & Public Sector
11.5. Healthcare & Life Sciences
11.6. Manufacturing & Construction
11.7. Telecommunications & Computing

12. Americas Cloud Backup Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Cloud Backup Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Cloud Backup Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. ConnectWise's strategic acquired Axcient and SkyKick, IT management solutions with enhanced cybersecurity and data protection for MSPs
- 15.3.2. Salesforce acquires Israeli startup OWN Company for USD 1.9 Billion to enhance AI-powered CRM capabilities
- 15.3.3. The strategic partnership between Impossible Cloud and Acronis Cyber Protect Cloud to enhance data management and cybersecurity for European managed services providers
- 15.3.4. OpenText Cybersecurity launched Carbonite Cloud-to-Cloud Backup in India, addressing data sovereignty and compliance needs amid evolving regulations.
- 15.3.5. iManage and HYCU's partnership enhances iManage Cloud with secure, flexible cloud storage backup solutions, integrating with AWS, Azure, and Google Cloud for stronger data protection.
- 15.3.6. Cohesity raises USD 150 million to enhance AI-powered data security in partnership with IBM and Nvidia
- 15.3.7. IDrive launched a cloud-to-cloud backup service specifically for Microsoft Office 365 Personal users
- 15.3.8. Veeam Software and Microsoft partnered to enhance data protection with AI-driven solutions and enhance ransomware recovery for over 18 million users.
- 15.3.9. Clumio secured USD 75 million in funding to enhance technology, expand customer base
- 15.3.10. Brazil's Telebras to Contract Cloud Backup, Satellite Imaging Services
- 15.3.11. AWS is Making a Huge Investment into India
- 15.3.12. IBM Acquires Polar Security for USD 60 million to Automate Cloud Data Management
- 15.3.13. IDrive Launches Unlimited Backups for 365, Workspace
- 15.3.14. Cohesity, Microsoft Azure Bring OpenAI to Backup Software
- 15.3.15. DigitalOcean Expands Backup Capabilities with Acquisition of Snapshooter
- 15.3.16. Veeam Software and Phoenix NAP launched Phoenix NAP Cloud Backup for Veeam, harnessing Veeam's innovative cloud connect features to deliver seamless and secure data protection
15.4. Strategy Analysis & Recommendation
- 15.4.1. Dropbox, Inc.
- 15.4.2. IDrive Inc.
- 15.4.3. International Business Machines Corporation
- 15.4.4. Microsoft Corporation

Companies Mentioned

1. Acronis International GmbH
2. Alibaba Group Holding Limited
3. Amazon Web Services
4. Arcserve LLC
5. AT&T Inc.
6. Backblaze Inc.
7. Barracuda Networks, Inc.
8. Broadcom Inc.
9. Cisco Systems, Inc.
10. Cohesity, Inc.
11. Commvault Systems, Inc.
12. CrashPlan Group LLC
13. Dell Technologies Inc.
14. Dropbox, Inc.
15. Druva Inc.
16. ESDS Software Solution Ltd.
17. Fujifilm Holdings Corporation
18. Fujitsu Limited
19. Google LLC by Alphabet Inc.
20. Hewlett Packard Enterprise Development LP
21. Huawei Technologies Co., Ltd
22. HYCU, Inc.
23. IDrive Inc.
24. Intel Corporation
25. International Business Machines Corporation
26. Iron Mountain Inc.
27. Jotta AS
28. Kaseya Limited
29. Microsoft Corporation
30. MSP360
31. OpenDrive
32. OpenText Corporation
33. Oracle Corporation
34. pCloud International AG
35. Salesforce, Inc.
36. SAP SE
37. SpiderOak Inc.
38. Tencent Holdings Ltd.
39. Veeam Software Group GmbH
40. Veritas Technologies LLC