Press release
Cloud Backup Market Report 2020 - Competitive Landscape Prediction And Industry Statistics Analysis: Microsoft Corporation, Amazon.Com, Barracuda Networks, Etc.
Cloud Backup Market Growth - CAGR of 27.6% 2020-2027
In market segmentation by manufacturers, the report covers the following companies:- Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, NetApp, Acronis International Gmbh, IBM Corporation, Efolder, Inc., Datto, Inc., and Code42 Software, Inc.
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.
This report covers the recent COVID-19 incidence and its impact on Medical Electronics Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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APAC is forecasted to achieve the fastest growth of about 32.8% in the period 2019 - 2027, 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.
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; 2020-2027)
Solution
Service
Type of Backup Outlook (Revenue: USD Billion; 2020-2027)
Full Backup
Incremental
Differential
Periodic Backup
Mirror Backup
Component Outlook (Revenue: USD Billion; 2020-2027)
Data Storage
Data Archiving & Application Hosting
Cloud Integration & Migration
Security & Encryption
Latency & Auto-Scaling
Support & Maintenance
Training & Consulting
Others
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Type of Cloud Outlook (Revenue: USD Billion; 2020-2027)
Public
Private
Hybrid
Organization Size Outlook (Revenue: USD Billion; 2020-2027)
Large Enterprises
SMEs
End-Use Industries Outlook (Revenue: USD Billion; 2020-2027)
IT & Telecommunication
BFSI
Government & Public Sectors
Retail & E-commerce
Media & Entertainment
Healthcare Sectors
Manufacturing Industries
Others
Regional Outlook (Revenue: USD Billion; 2020-2027)
North America
Europe
Asia Pacific
MEA
Latin America
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 2027. 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.
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Europe would reach a market share of 26.7% by 2027, 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.
North America is leading the global market, with 37.6% of market possession in 2018 and would continue dominating the global market with a CAGR of 27.7% during the forecast period. United States possessed the highest market share in the worldwide market.
APAC is forecasted to achieve the fastest growth of about 32.8% throughout the forecast period, owing to the rise in use of cloud backup solutions, especially the IT & Telecommunication SMEs in countries like China, Singapore, and India.
Major Highlights from the Cloud Backup Market:-
This report provides a brief analysis of the quantitative aspects together with the Cloud Backup Market trends from 2020 to 2026, in order to identify the prevalent opportunities with the strategic assessment.
The forecast period for the Cloud Backup Market is from 2020 to 2026.
The Cloud Backup Market size and estimations are based on an in-depth analysis of the major trends in the industry.
The report also conducts a qualitative assessment based on strategic business planning and well-informed decision making.
The report also enlists the growth strategies adopted by the leading players to comprehend the competitive scenario of the Cloud Backup Market.
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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments' Cloud Backup Market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the Cloud Backup Market access aspects across various geographies.
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