Cloud Backup Market to Reap Over USD 10.04 Billion in Revenues by End of 2026 | Microsoft Corporation, Amazon.com, Barracuda Networks, etc.

The global Cloud Backup Market is forecast to reach USD 10.04 Billion by 2026, according to a new report by Reports and Data. The cloud backup solutions provide a virtual remote server storage for the data and applications of any businesses or individuals.

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Key participants include Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, NetApp, Acronis International Gmbh, IBM Corporation, Efolder, Inc., Datto, Inc., and Code42 Software, Inc.

For the purpose of this report, Reports and Data have segmented the global cloud backup market on the basis of the type, type of backup, component, type of cloud, organization size, end-use industries, and region:

Type Outlook (Revenue: USD Billion; 2016-2026)
o Solution
o Service

Type of Backup Outlook (Revenue: USD Billion; 2016-2026)
o Full Backup
o Incremental
o Differential
o Periodic Backup
o Mirror Backup

Component Outlook (Revenue: USD Billion; 2016-2026)
o Data Storage
o Data Archiving & Application Hosting
o Cloud Integration & Migration
o Security & Encryption
o Latency & Auto-Scaling
o Support & Maintenance
o Training & Consulting
o Others

Type of Cloud Outlook (Revenue: USD Billion; 2016-2026)
o Public
o Private
o Hybrid

Organization Size Outlook (Revenue: USD Billion; 2016-2026)
o Large Enterprises
o SMEs

End-Use Industries Outlook (Revenue: USD Billion; 2016-2026)
o IT & Telecommunication
o BFSI
o Government & Public Sectors
o Retail & E-commerce
o Media & Entertainment
o Healthcare Sectors
o Manufacturing Industries
o Others

Regional Outlook (Revenue: USD Billion; 2016-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

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Most organizations opt to back up all the important business and operational data to the cloud to keep them readily available in case of a system failure, outage or any unpleasant disaster. The cloud server backup has been compulsory for most of the organizations for their critical data and a virtual storage server for remote accessibility. The global cloud backup market is growing predominantly as the amount of data is being elevated globally.

The inclination towards digitization across all the industry verticals have been the primary reason the cloud backup solution is earnestly demanded. SMEs are forecasted to contribute remarkably in the forecast period due to a massive adoption of the cloud deployment for their internal data and applications. APAC is forecasted to achieve the fastest growth of about 32.8% in the period 2019 - 2026, due to an increase in the cloud deployment of data in the countries like China, Singapore, and India. North America holds the highest market share of 37.6% in 2018 because of the prodigious rate of deployment of the cloud backup solutions.

Further key findings from the report suggest

The hybrid cloud is the composition of two or more distinct private and public cloud infrastructure. It helps to deliver a high-security features of a private cloud, coupled with public cloud's faster connectivity and easy-to-access features. The hybrid cloud is expected to achieve a market valuation of USD 2.94 Billion by 2026. The CAGR is calculated as 28.0% throughout the forecast period.

In an incremental backup, the successive copies of the data containing the portion that has changed since the preceding backup copy was uploaded, is uploaded only and in case of a full back up, the last full back up is taken into operation. The incremental backup had a market share of USD 0.22 Billion in 2018.

Europe would reach a market share of 26.7% by 2026, having grown at a CAGR of 25.6% in the forecast period. United Kingdom and Germany have the most number of valuable players in this region...Continued

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In conclusion, the Cloud Backup Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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