Cloud Backup Market Exploring the Impact of Trends on Strategies of Key Players | Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, VMware Inc., Dropbox Inc., Google Inc., Oracle Corporation, HP Enterprise Company, EMC Corporation, and Roc

Cloud Backup is also known as Online Backup or Cloud Computer Backup. This refers to backing up of data to a remote, cloud-based server. It is a method of supporting the data that is stored in and accessible from multiple distributed and connected resources that comprises a cloud for transferring data over the public cloud with less consumption of bandwidth. The server is usually hosted by a third party service providers. These solutions enable the client to store their data or files on the internet. It collects, compresses, encrypts and transfers data to the requested clients without consuming much time and bandwidth.

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Increase in the adoption of mobile devices and easy deployment of cloud backup technology is driving the cloud backup market over the years. However, data accessibility through Internet poses the threat of identity theft, which is a restraint to the market growth. In addition, lack of high network bandwidth and strict government rules limit the adoption of cloud-backup technique. Increase in the number of mobile Internet users and need of technologically advanced solutions are anticipated to boost the market growth further during the forecast period.

Global Cloud Backup Market: Key Players
Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, VMware Inc., Dropbox Inc., Google Inc., Oracle Corporation, HP Enterprise Company, EMC Corporation, and Rockspace Hosting Inc. are some of the leading key players of cloud backup market.

Global Cloud Backup Market: Trends
One of the key trends which is accelerating the growth of the global cloud backup market is the availability cloud backup for virtual machines, which has become an integral part of the it infrastructure. Many enterprises are striving to achieve virtualization in the next few years as this technology offers several benefits such as better utilization of system resources and a rapid provisioning.

Global Cloud Backup Market: Demand
The demand for cloud backup is driven by many factors, such as huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS. With an increase in the adoption rate of cloud computing among enterprises, the cloud backup market is expected to gain a major traction during the forecast period.

Global Cloud Backup Market: Segmentation
Based on component, the market is divided into solution and service segments. Based on service provider, the market is segmented into managed service provider, cloud service provider, telecom and communication provider, and others. By deployment model, the cloud backup market is segmented into large and small & medium enterprises. On the basis of industry vertical, the market is divided into banking, financial services, and insurance (BFSI), consumer goods and retail, education, manufacturing, media and entertainment, public sector, healthcare and life sciences, and others. Based on geography, mobile backup market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Global Cloud Backup Market: Regional Analysis
The regional analysis of Cloud Backup market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America region is the leading in Cloud Backup market. The study reveals that Europe region is showing a rapid growth in the Cloud Backup market. Asia-Pacific countries like China, Japan and India is projected to be the fastest growing region in the Cloud Backup market due to the increasing size of high data generation in many countries.

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