Cloud Backup Market Top Players Shaping Industry Amazon Web Services, Barracuda Networks, Google, IBM Corporation, Microsoft Corporation And Oracle Corporation

Coherent Market Research Published a Half Cooked Research Report on Global Cloud Backup Market Research Report. Avail the in-depth table of content Table of Content and market synopsis on “Cloud Backup Market Research Report - Global Forecast up to 2026.”

The Global “Cloud Backup Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.

Cloud backup, also known as online backup or remote backup, is an alternative to conventional backup. It offers several facilities such as creating, editing, managing, and restoring the data backup. Increasing volume of data is the major factor leading to high demand for cloud backup. Increasing adoption of software-as-a-service and various advantages of cloud backup such as easy installation, cost-effectiveness, performance, scalability, and flexibility have also accelerated growth of the market.

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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).

According to the new market research report "Cloud Backup Market by Component (Solution and Services), by solution (Personal Backup, Business Backup and Cloud backup for Service providers), by services (Management and Customization, Professional Services, Training & consulting and Integration) by Deployment model (Public, Private and Hybrid Cloud), by Organization Size (Small and Medium Enterprises and Large Enterprises), by Verticals (Banking, Financial Services, and Insurance, Consumer Goods and Retail, Education, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Telecommunication & Ites and Others), and Geography-Global Forecast to 2025" is projected to generate the revenue of US$1287 million in 2017 and is expected to reach US$ 6367 million by 2025.

Key Takeaways of the Cloud Backup Market:

- Global cloud backup market is projected to grow with a CAGR of 22.1% in the forecast period.
- Among deployment models, the public cloud segment held the dominant position in the cloud backup market in 2016. Increasing workload on public cloud is a major factor for the growth of the segment in the market. According to Coherent Market Insights, in 2016 the public cloud market generated the revenue of US$ 209.2 billion.
- Among components, the solution segment held a dominant position in the market in 2016. Increasing demand for managing large volume of data sets and increasing adoption of cloud technology has fueled demand for cloud backup solutions.
- Among services, the training & consulting service segment held a dominant position in the market in 2016. Companies are focusing on providing various educational services through online channels such as blogs, videos, and slide share, which requires cloud storage.
- The integration service segment is projected to exhibit the highest CAGR over the forecast period. The increasing various cloud service such as software as a service, platform as a service and infrastructure as a service are some of the key factors which boosted the demand of integration services in cloud.

Cloud Backup Market: Regional Insights

North America held a dominant position in the global cloud backup market in 2016. The highly adoption of cloud technology by North America region countries such as The U.S. and Canada have accelerated the market in this region. According to coherent market insights, in 2014 the North America enterprise used over 1,245 cloud applications. Asia Pacific is projected to exhibit the highest CAGR over the forecast period. Rising adoption of digitization by small and medium enterprises fuels the market growth in the region.

Cloud Backup Market: Competitive Background

Some of the major players in the global cloud backup market are 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.

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Detail Cloud Backup Market Segmentation:

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

By region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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