Cloud Backup Market 2020 Merging Growth Factors, Industry Size, Key Manufacturers, Share Valuation and Forecast 2027 | Top Players are Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, etc

The Global Cloud Backup Market is forecast to reach USD 10.04 Billion by 2027, 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. 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 – 2027, due to an increase in the cloud deployment of data in the countries like China, Singapore, and India.

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This is the recent report updated with the current COVID-19 pandemic and offers an in-depth analysis of its impact on the growth of the Cloud Backup market in the forecast period. The outbreak has affected almost all industries across the globe, and the Cloud Backup market report studies its impact on the overall Cloud Backup sector in the present and upcoming years. It also analyzes the shifting dynamics of the global landscape to scrutinize the profit earned or loss suffered by different areas of the industry.

The report gives detailed profiles of leading companies that control a major portion of the overall market and other players including new entrants:-
Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, NetApp, Acronis International Gmbh, IBM Corporation, Efolder, Inc., Datto, Inc., and Code42 Software, Inc.

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 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.

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.

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The regional assessment given in the report maps the major regions of North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to lead the industry on the basis of market share and other factors such as increase in the levels of disposable income and the shift in consumer preferences in a region in recent years. The Asia Pacific market is also expected to give a stable growth rate by the end of 2027.

The Cloud Backup Market report is updated with the latest economic scenario with the value, drivers, constraints, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also utilizes analytical and econometric tools to assess leading companies.

Table of Contents:
Chapter 1. Global Cloud Backup Market Definition and Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Cloud Backup Market Dynamics
Chapter 5. Global Cloud Backup Market Competitive Landscape
Chapter 6. Global Cloud Backup Market by Product Types
Chapter 7. Global Cloud Backup Market by Applications
Chapter 8. Global Cloud Backup Market by End-user industries
Chapter 9. Global Cloud Backup Market Regional Analysis
Chapter 10. Appendix

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