Press release
Cloud Backup Market Set to Reach USD 11.62 Billion in 2022, Forecasted to Grow at a CAGR of 9.56%
Cloud Backup Market
The market research report utilizes a comprehensive research methodology to provide an accurate assessment of the Cloud Backup Market. The analysis is based on real data from key players and major market contributors worldwide. The report accounts for the impact of the pandemic and includes a detailed analysis of the years leading up to 2022, with 2020 being a pivotal year due to lockdowns and regional impacts.
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What are Cloud Backup Market Dynamics?
Market Drivers:
Rise of Industry 4.0: Cloud computing is instrumental in speeding up the adoption of Industry 4.0 technologies such as IoT, AI, big data, and mobile supercomputing.
Shift to Remote Work: Remote working has become a lasting trend, boosting the demand for Software-as-a-Service (SaaS)-based solutions.
Digital Transformation: Businesses are leveraging cloud computing for cost-effective infrastructure updates and increased business agility.
Market Restraints:
Security Concerns: Despite the benefits of cloud backup, security challenges remain, necessitating robust data protection and encryption measures.
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Cloud Backup Market Segmentation?
Organization Size: The market share of major firms exceeded 51.5% in 2022. Cloud computing's ability to streamline processes and enhance efficiency is driving adoption among large businesses.
Small & Medium-Sized Enterprises (SMEs): The SME segment is expected to grow rapidly over the forecast period, fueled by the need for cost-effective solutions and workflow streamlining.
Vertical: The BFSI segment accounted for over 25% of revenue in 2022, leveraging cloud computing for cost savings, innovation, and improved customer experiences.
by Components
Solution
Services
by Service Provider
Managed Service Providers
Telecom & Communication Services
Cloud Service Providers
Others
by Deployment Model
Hybrid Cloud
Public Cloud
Private Cloud
by Organization Size
Small and Medium Size Enterprises
Large Enterprises
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Who are Cloud Backup Market Key Players?
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.
9. Code42 Software, Inc.
10. Druva Software
11. IBM Corporation
12. Microsoft Corporation
13. Carbonite, Inc.
14. Oracle Corporation
15. EMC Corporation
16. VMware Inc.
17. Google Inc.
18. Amazon Web Services.
19. CommVault Software
20. Symantec Corporation
21. Dropbox, Inc.
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Table of content for the Cloud Backup Market includes:
Global Cloud Backup Market : Research Methodology
Global Cloud Backup Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Cloud Backup Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Cloud Backup Market Segmentation
Global Market, by Conveyor Type (2021-2029)
Global Market, by Location (2021-2029)
Global Market, by End Users (2021-2029)
Global Regional Cloud Backup Market (2021-2029)
Regional Market, by Conveyor Type (2021-2029)
Regional Market, by Location (2021-2029)
Regional Market, by End Users (2021-2029)
Regional Market, by Country (2021-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
North America: In 2022, North America accounted for over 40% of the global market revenue. The region's propensity for early technology adoption and digital transformation positions it as a key player in the Cloud Backup Market.
Asia Pacific: The Asia Pacific region is poised for rapid growth, driven by the rise of local players and investment in manufacturing and IT sectors. Countries like China and India are contributing significantly to the market's expansion.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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