Cloud Backup Industry Analysis 2022, Market Growth, Trends, Opportunities Forecast To 2028 | Datto Inc., EMC Corporation, Oracle Corporation

Several service providers offer cloud backup services with various levels of reliability and performance. An average Cloud backup service provides an excellent chance for data preservation through various forms of remote, durable storage. Services offered include data deduplication, or the ability to re-arrange data on-demand, across multiple servers to accommodate growing requests; data deduplication is done automatically, when data is stored in a Cloud data center.

According to our (Coherent market insights) latest study, due to COVID-19 pandemic, The global cloud backup market is projected to value at US$ 1287 million in 2017 and is projected to reach US$ 6367 million by 2025. The market is estimated to witness a CAGR of 22.1 % over the forecast period (2017 – 2025).

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The Cloud Backup market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

The top competitors’ revenues and market shares are first collected as part of the research methodology used to evaluate and forecast this market. Press releases, annual reports, non-profit organisations, trade groups, governmental agencies, and customs data were just a few of the secondary sources used to find and gather data for this in-depth market study. Based on calculations, the total market size was determined. The market has been divided into a number of segments and subsegments after the overall market size has been determined. These segments and subsegments have then been confirmed through primary research by conducting in-depth interviews with industry professionals like CEOs, VPs, directors, and executives.

Major Key players in this Market:

◘ 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
◘ VMware

Key Market Drivers:

Increasing adoption of online backup solutions is expected to propel growth of the global cloud backup market over the forecast period. For instance, in August 2021, BDO New Zealand, a network of independently-owned accounting practices, implemented an AvePoint party SharePoint Online backup solution that will allow it to demonstrate compliance with government-mandated retention policies.

Moreover, increasing M&A activities are also expected to aid in growth of the global cloud backup market over the forecast period. For instance, in December 2020, Google signed a deal to acquire Actifio, a data management company focused on backup and disaster recovery.

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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

Market segment by Region/Country including:

– North America (United States, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia and Spain etc.)
– Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
– South America (Brazil, Argentina and Colombia etc.)
– Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Covid-19 Impact Analysis

Post Covid-19, many organizations have increased their usage of cloud services. The pandemic has also led to increase in adoption of work from home. With many organizations adding more cloud services and further expanding hybrid setups of on premise and cloud, the cloud backup market is expected to witness significant growth over the forecast period.

Key Takeaways

• The cloud backup market is expected to exhibit a CAGR of 22.1% over the forecast period, owing to launch of new products. For instance, in August 2021, Amazon Web Services Inc. launched AWS Backup Audit Manager, a cloud tool that companies can use to check if their data protection processes are working as intended and complying with regulations.

• Among regions, North America is expected to witness significant growth in the cloud backup market, owing to increasing adoption of cloud backup. For instance, in August 2021, City of Bend, Oregon, choose iland Secure Cloud Backup for Veeam Cloud Connect with iland Insider Protection (from iland, a VMware-based provider for application hosting, data protection and disaster recovery services) to secure a majority of the city’s critical applications.

• North America is also expected to witness significant growth in the cloud backup market, owing to increasing investment in cloud backup. For instance, in August 2021, OwnBackup, a platform that provides data backup and recovery services for cloud software providers, raised US$ 240 million in a series E round of funding at a $3.35 billion valuation.

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Table of Contents with Major Points:

1. Overview

1.1 Cloud Backup

1.2 Segmentation of Agrochemicals

 

2. Global Cloud Backup Market

2.1 Global Cloud Backup Market by Value

2.2 Global Cloud Backup Market Forecast by Value

2.3 Global Cloud Backup Market by Crop Type

2.4 Global Cloud Backup Market by Type

2.5 Global Cloud Backup Market by Product Type

2.6 Global Cloud Backup Market by Region

 

3. Regional Market

3.1 Asia/Pacific

3.1.1 Asia/Pacific Cloud Backup Market Forecast by Value

3.1.2 Asia/Pacific Cloud Backup Market Forecast by Value

3.1.3 India Cloud Backup Market Forecast by Value

3.1.4 India Cloud Backup Market by Type

3.2 Latin America

3.2.1 Latin America Cloud Backup Market by Value

3.2.2 Latin America Cloud Backup Market Forecast by Value

3.2.3 Brazil Cloud Backup Market Forecast by Value

3.2.4 Brazil Cloud Backup Market by Type

 

3.3 Europe

3.3.1 Europe Cloud Backup Market by Value

3.3.2 Europe Cloud Backup Market Forecast by Value

 

3.4 NAFTA

3.4.1 NAFTA Cloud Backup Market by Value

3.4.2 NAFTA Cloud Backup Market Forecast by Value

 

3.5 Middle East/Africa

3.5.1 Middle East/Africa Cloud Backup Market by Value

3.5.2 Middle East/Africa Cloud Backup Market Forecast by Value

 

4. Market Dynamics

4.1 Growth Drivers

4.1.1 Increasing Global Population

4.1.2 Rising Urbanization

4.1.3 Rising Global Economy

4.1.4 Decreasing Arable Land

4.1.5 Growing Agriculture Production

 

4.2 Trends & Opportunities

4.2.1 Industry Consolidations

4.2.2 Increased Focus on R&D

4.2.3 High Growth Prospects in Emerging Economies

 

4.3 Challenges and Issues

4.3.1 Stringent Government Regulations

4.3.2 High Prices of Raw Materials

 

5. Competition

5.1 Global Market

5.1.1 Global Cloud Backup Market Share by Company

5.2 Latin America

5.2.1 Brazil Cloud Backup Market Share by Company

 

5.3 Asia/Pacific

5.3.1 India Cloud Backup Market Share by Company

 

6. Company Profiles

6.1 key player 1

6.1.1 Business Overview

6.1.2 Financial Overview

6.1.3 Business Strategies

 

6.2 key player 2

6.2.1 Business Overview

6.2.2 Financial Overview

6.2.3 Business Strategies

 

6.3 key player 3

6.3.1 Business Overview

6.3.2 Financial Overview

6.3.3 Business Strategies

 

6.4 key player 4

6.4.1 Business Overview

6.4.2 Financial Overview

6.4.3 Business Strategies

 

6.5 key player 5

6.5.1 Business Overview

6.5.2 Financial Overview

6.5.3 Business Strategies

….

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