
Global Cloud Backup Market Report and Forecast 2024-2032
Description
Global Cloud Backup Market Report and Forecast 2024-2032
Global Cloud Backup Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the cloud backup market size reached a value of USD 4.65 billion in 2023. Aided by the increasing need for data protection and the growing adoption of cloud-based solutions across various sectors, the market is projected to further grow at a CAGR of 20.7% between 2024 and 2032 to reach a value of USD 25.34 billion by 2032.
Cloud backup, also known as online backup, involves sending a copy of a physical or virtual file or database to a secondary, off-site location for preservation in case of equipment failure or catastrophe. This technology has revolutionised data storage and recovery, offering businesses a secure and reliable means of protecting their critical information. The advantages of cloud backup include reduced costs, scalability, enhanced security, and the convenience of accessing data from anywhere.
The increasing need for data protection is a primary driver of the cloud backup market growth. In an era where data breaches and cyber-attacks are becoming increasingly common, businesses are prioritising the security and integrity of their data. Cloud backup solutions provide a robust defence against data loss, ensuring that businesses can recover quickly and maintain continuity in the event of a disaster. The growing awareness of these benefits is driving the adoption of cloud backup services across various sectors.
Additionally, the rising adoption of cloud-based solutions in sectors such as healthcare, finance, retail, and manufacturing is contributing significantly to the market growth. These sectors generate vast amounts of data that require secure storage and easy accessibility. Cloud backup solutions offer an efficient and cost-effective way to manage this data, supporting the growing trend towards digital transformation. Furthermore, the increasing penetration of the internet and advancements in network infrastructure are facilitating the adoption of cloud services, further boosting the market growth.
The COVID-19 pandemic has also played a crucial role in accelerating the demand for cloud backup solutions. With the shift towards remote work and online operations, businesses have been compelled to adopt cloud technologies to ensure business continuity. The pandemic has highlighted the importance of having reliable and scalable backup solutions, leading to a surge in demand for cloud backup services, consequently driving up the cloud backup market share.
The market is witnessing diverse applications across various sectors, further bolstering its growth. In the healthcare sector, cloud backup solutions are crucial for managing patient records, medical imaging, and other sensitive data. These solutions ensure the secure storage and easy retrieval of critical information, supporting healthcare providers in delivering efficient and timely services.
In the finance sector, cloud backup solutions play a vital role in protecting sensitive financial data. Financial institutions require robust data protection measures to comply with regulatory requirements and safeguard against cyber threats. Cloud backup services provide a secure and reliable means of storing and recovering financial data, ensuring business continuity and compliance.
As per the cloud backup market analysis, the retail sector is also benefiting from cloud backup solutions, particularly in the realm of e-commerce. Retailers generate large volumes of data related to sales, inventory, and customer interactions. Cloud backup services offer an efficient way to manage this data, ensuring its security and accessibility. The growing trend towards online shopping is driving the demand for cloud backup solutions in the retail sector.
In the manufacturing sector, cloud backup solutions support the management of production data, supply chain information, and other critical business processes. These solutions ensure the secure storage and easy access of data, enabling manufacturers to maintain operational efficiency and respond quickly to disruptions.
Market Segmentation
The market can be divided based on component, deployment mode, enterprise size, end use, and region
Market Breakup by Component
- Solution
- Services
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Small and Medium Enterprises
- Large Enterprises
- BFSI
- IT and Telecom
- Media and Entertainment
- Retail
- Healthcare
- Others
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Europe
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global cloud backup market. some of the major players explored in the report by expert market research are as follows:
- Microsoft Corporation
- Amazon Web Services, Inc.
- IBM Corporation
- Hewlett Packard Enterprise Development LP
- Oracle Corporation
- Dell Inc.
- Dropbox, Inc.
- Backblaze, Inc.
- Barracuda Networks, Inc.
- Open Text Corporation (Carbonite)
- Acronis International GmbH
- Cohesity, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
220 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global Cloud Backup Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Cloud Backup Historical Market (2018-2023)
- 8.3 Global Cloud Backup Market Forecast (2024-2032)
- 8.4 Global Cloud Backup Market by Component
- 8.4.1 Solution
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.2 Services
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.5 Global Cloud Backup Market by Deployment Mode
- 8.5.1 Public Cloud
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Private Cloud
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.3 Hybrid Cloud
- 8.5.3.1 Historical Trend (2018-2023)
- 8.5.3.2 Forecast Trend (2024-2032)
- 8.6 Global Cloud Backup Market by Enterprise Size
- 8.6.1 Small and Medium Enterprises
- 8.6.1.1 Historical Trend (2018-2023)
- 8.6.1.2 Forecast Trend (2024-2032)
- 8.6.2 Large Enterprises
- 8.6.2.1 Historical Trend (2018-2023)
- 8.6.2.2 Forecast Trend (2024-2032)
- 8.7 Global Cloud Backup Market by End Use
- 8.7.1 BFSI
- 8.7.1.1 Historical Trend (2018-2023)
- 8.7.1.2 Forecast Trend (2024-2032)
- 8.7.2 IT and Telecom
- 8.7.2.1 Historical Trend (2018-2023)
- 8.7.2.2 Forecast Trend (2024-2032)
- 8.7.3 Media and Entertainment
- 8.7.3.1 Historical Trend (2018-2023)
- 8.7.3.2 Forecast Trend (2024-2032)
- 8.7.4 Retail
- 8.7.4.1 Historical Trend (2018-2023)
- 8.7.4.2 Forecast Trend (2024-2032)
- 8.7.5 Healthcare
- 8.7.5.1 Historical Trend (2018-2023)
- 8.7.5.2 Forecast Trend (2024-2032)
- 8.7.6 Others
- 8.8 Global Cloud Backup Market by Region
- 8.8.1 North America
- 8.8.1.1 Historical Trend (2018-2023)
- 8.8.1.2 Forecast Trend (2024-2032)
- 8.8.2 Europe
- 8.8.2.1 Historical Trend (2018-2023)
- 8.8.2.2 Forecast Trend (2024-2032)
- 8.8.3 Asia Pacific
- 8.8.3.1 Historical Trend (2018-2023)
- 8.8.3.2 Forecast Trend (2024-2032)
- 8.8.4 Latin America
- 8.8.4.1 Historical Trend (2018-2023)
- 8.8.4.2 Forecast Trend (2024-2032)
- 8.8.5 Middle East and Africa
- 8.8.5.1 Historical Trend (2018-2023)
- 8.8.5.2 Forecast Trend (2024-2032)
- 9 North America Cloud Backup Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe Cloud Backup Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific Cloud Backup Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America Cloud Backup Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa Cloud Backup Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Company Profiles
- 15.2.1 Microsoft Corporation
- 15.2.1.1 Company Overview
- 15.2.1.2 Product Portfolio
- 15.2.1.3 Demographic Reach and Achievements
- 15.2.1.4 Certifications
- 15.2.2 Amazon Web Services, Inc.
- 15.2.2.1 Company Overview
- 15.2.2.2 Product Portfolio
- 15.2.2.3 Demographic Reach and Achievements
- 15.2.2.4 Certifications
- 15.2.3 IBM Corporation
- 15.2.3.1 Company Overview
- 15.2.3.2 Product Portfolio
- 15.2.3.3 Demographic Reach and Achievements
- 15.2.3.4 Certifications
- 15.2.4 Hewlett Packard Enterprise Development LP
- 15.2.4.1 Company Overview
- 15.2.4.2 Product Portfolio
- 15.2.4.3 Demographic Reach and Achievements
- 15.2.4.4 Certifications
- 15.2.5 Oracle Corporation
- 15.2.5.1 Company Overview
- 15.2.5.2 Product Portfolio
- 15.2.5.3 Demographic Reach and Achievements
- 15.2.5.4 Certifications
- 15.2.6 Dell Inc.
- 15.2.6.1 Company Overview
- 15.2.6.2 Product Portfolio
- 15.2.6.3 Demographic Reach and Achievements
- 15.2.6.4 Certifications
- 15.2.7 Dropbox, Inc.
- 15.2.7.1 Company Overview
- 15.2.7.2 Product Portfolio
- 15.2.7.3 Demographic Reach and Achievements
- 15.2.7.4 Certifications
- 15.2.8 Backblaze, Inc.
- 15.2.8.1 Company Overview
- 15.2.8.2 Product Portfolio
- 15.2.8.3 Demographic Reach and Achievements
- 15.2.8.4 Certifications
- 15.2.9 Barracuda Networks, Inc.
- 15.2.9.1 Company Overview
- 15.2.9.2 Product Portfolio
- 15.2.9.3 Demographic Reach and Achievements
- 15.2.9.4 Certifications
- 15.2.10 Open Text Corporation (Carbonite)
- 15.2.10.1 Company Overview
- 15.2.10.2 Product Portfolio
- 15.2.10.3 Demographic Reach and Achievements
- 15.2.10.4 Certifications
- 15.2.11 Acronis International GmbH
- 15.2.11.1 Company Overview
- 15.2.11.2 Product Portfolio
- 15.2.11.3 Demographic Reach and Achievements
- 15.2.11.4 Certifications
- 15.2.12 Cohesity, Inc.
- 15.2.12.1 Company Overview
- 15.2.12.2 Product Portfolio
- 15.2.12.3 Demographic Reach and Achievements
- 15.2.12.4 Certifications
- 15.2.13 Others
- 16 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Cloud Backup Market: Key Industry Highlights, 2018 and 2032
- 2. Global Cloud Backup Historical Market: Breakup by Component (USD Billion), 2018-2023
- 3. Global Cloud Backup Market Forecast: Breakup by Component (USD Billion), 2024-2032
- 4. Global Cloud Backup Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
- 5. Global Cloud Backup Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
- 6. Global Cloud Backup Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
- 7. Global Cloud Backup Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
- 8. Global Cloud Backup Historical Market: Breakup by End Use (USD Billion), 2018-2023
- 9. Global Cloud Backup Market Forecast: Breakup by End Use (USD Billion), 2024-2032
- 10. Global Cloud Backup Historical Market: Breakup by Region (USD Billion), 2018-2023
- 11. Global Cloud Backup Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 12. North America Cloud Backup Historical Market: Breakup by Country (USD Billion), 2018-2023
- 13. North America Cloud Backup Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 14. Europe Cloud Backup Historical Market: Breakup by Country (USD Billion), 2018-2023
- 15. Europe Cloud Backup Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 16. Asia Pacific Cloud Backup Historical Market: Breakup by Country (USD Billion), 2018-2023
- 17. Asia Pacific Cloud Backup Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 18. Latin America Cloud Backup Historical Market: Breakup by Country (USD Billion), 2018-2023
- 19. Latin America Cloud Backup Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 20. Middle East and Africa Cloud Backup Historical Market: Breakup by Country (USD Billion), 2018-2023
- 21. Middle East and Africa Cloud Backup Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 22. Global Cloud Backup Market Structure
Pricing
Currency Rates
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