Cloud Backup Market Size Grow at CAGR of 22.1 % by Trend and Opportunities, Market Share, Analysis and Value Chain Study, Business Growth to 2025 | Datto Inc., VMware Inc., Oracle Corporation

Executive Summary -

Cloud Backup Market 2022 Report is an in-depth Research Study that analyses important factors such as competition, segmentation, and geographical growth in great detail. The analytical study involves business identification of leading companies in the Cloud Backup Industry as part of competitive analysis by 2027

The global cloud backup market is projected to value at US$ 1287 million in 2017 and is projected to reach US$ 6367 million by 2025. The market is estimated to witness a CAGR of 22.1 % over the forecast period (2017 – 2025).

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Several companies provide cloud backup services with varying degrees of dependability and performance. A typical Cloud backup solution offers a good possibility for data preservation by using various forms of distant, long-term storage. Data deduplication, or the capacity to re-arrange data across numerous servers on-demand to suit expanding requests, is one of the services offered; data deduplication is done automatically when data is stored in a Cloud data center.

Cloud backup, often known as online backup, is a service that backs up data to a distant location. Cloud backup, like cloud storage, has tools for accessing and storing data from several locations and connected resources. The expanding usage of software as a service, as well as increasing data generation, are some of the primary reasons driving the worldwide cloud backup industry forward.

Drivers & Trends -

Over the forecast period, the worldwide cloud backup market is expected to rise due to rising acceptance of online backup solutions. BDO New Zealand, a network of independently owned accountancy offices, for example, launched an AvePoint party SharePoint Online backup solution in August 2021, allowing it to demonstrate compliance with government-mandated retention rules. Furthermore, rising M&A activity is likely to boost the global cloud backup market's growth over the forecast period. For example, Google agreed to buy Actifio, a data management business specialising in backup and disaster recovery, in December 2020.

Key Players in Cloud Backup Market -

· Amazon Web Services
· Barracuda Networks Inc.
· Code42 Software Inc.
· Datto Inc.
· Dropbox Inc.
· Druva Software
· EMC Corporation
· Google Inc.
· IBM Corporation
· Microsoft Corporation
· Oracle Corporation
· Veeam Software
· VMware Inc.

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Global Cloud Backup Market Taxonomy -

By Component (Solution and Services)

By Solution (Personal Backup, Business Backup and Cloud backup for Service providers)

By Services (Management and Customization, Professional Services, Training & consulting and Integration)

By Deployment model (Public, Private and Hybrid Cloud)

By Organization Size (Small and Medium Enterprises and Large Enterprises)

By Verticals (Banking, Financial Services, and Insurance, Consumer Goods and Retail)

Fastest Growing Regional Analysis -

Geographically, the Cloud Backup market is separated into regions such as North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The research covers all from manufacturing and customer shares to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological improvements, R&D, organization growth, economic growth, and a strong market presence in every region. The report covers a detailed analysis for each major regional market across the globe and provides future outlook predictions for the same.

Covid-19 Impact Analysis -

Many businesses have boosted their use of cloud services in the aftermath of Covid-19. Working from home has become more popular as a result of the pandemic. The cloud backup market is predicted to develop significantly during the forecast period, with many enterprises adding additional cloud services and further extending hybrid setups of on-premise and cloud.

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Reason to Purchase -

– By analyzing the growth, size, top companies, and segments in the Cloud Backup Market and Cloud Backup Market, you can save time and money while conducting entry-level research.
– In order to assist organizations in realigning their business strategy, this report highlights critical business priorities.
– The primary findings and recommendations in the Cloud Backup Market illustrate important progressive industry trends, helping players to establish effective long-term strategies.
– Develop/modify corporate expansion strategies that take advantage of significant growth opportunities in both developed and emerging regions.
– Examine the worldwide market's trends and outlook in depth, as well as the market's driving and limiting factors.
– Understanding the tactics that support commercial interest in terms of products, segmentation, and industry verticals can help you make better decisions.

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Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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