Recent Business Report On Cloud Backup Market By Major Key Vendors 2019-2025
The global cloud backup market was valued at USD 1.29 billion in 2016 and is projected to reach USD 10.25 billion by 2025, growing at a CAGR of 25.90% from 2017 to 2025.
Cloud backup is a service that provides users with a system for the backup, storage, and recovery of computer files. Cloud backup systems are built around a client software program that runs on a schedule, some systems run once a day and other newer cloud backup services run continuously to capture changes to user systems nearly in real-time. Cloud backup is highly used by organizations as it is easily accessible, improves recovery time for small data sets, allows scalability with capital savings, high efficiency and reliability, anytime-anywhere access.
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1. Market Drivers
1.1 Increased enterprise-wide data storage
1.2 Lower costs and greater efficiency than On-Premises Backup
1.3 Demand for cloud-based services
2. Market Restraints
2.1 Compliance issues for certain Applications
The global cloud backup market is segmented on the basis of provider, component, deployment model, organizational size, and region.
1. By Provider:
1.1 Telecom & Communication Service Provider
1.2 Cloud Service Provider
1.3 Managed Service Provider
2. By Component:
2.2.1 Telecom & Communication Service Provider
2.2.2 Cloud Service Provider
2.2.3 Managed Service Provider
3. By Deployment Model:
3.1 Private Cloud
3.2 Public Cloud
3.3 Hybrid Cloud
4. By Vertical:
4.1 Telecommunication and IT
4.3 Government and Public Sector
4.5 Banking & Financial Institutions
4.6 Customer Goods and Retail
4.8 Transportation & Logistics
5. By Organization Size:
5.1 Large Companies
5.2 Mid-sized Companies
5.3 Small Companies
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
The major players in the market are as follows:
1. Asigra Inc
2. Carbonite, Inc
3. Datto, Inc.
4. Efolder, Inc.
5. Iron Mountain Incorporated
6. Veeam Software
7. Acronis International GmbH
8. Barracuda Networks, Inc
10. Carbonite Inc
11. Druva Software
14. CA Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the cloud backup market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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