Report cover image

Cloud Backup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Mar 18, 2023
Length 146 Pages
SKU # IMRC17854537

Description

Cloud Backup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global cloud backup market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.

Cloud backup, also known as online backup, helps send a copy of a file to a secondary, off-site location for preservation in case of hardware/software failures or unforeseen disasters. The secondary server is usually hosted by a third-party service provider that charges the user a fee depending on the data transmission bandwidth, storage space or capacity used, and the number of times the data has been accessed. Cloud backup supports the data protection of an enterprise without increasing the workload of the information technology (IT) staff. Consequently, it is used by small and medium-sized businesses (SMBs), as well as larger enterprises around the world.

One of the major trends strengthening the global cloud backup market growth is the availability of cloud backup for virtual machines, which has become an integral part of the information technology (IT) infrastructure. Many enterprises are focusing on achieving virtualization as it offers several benefits, such as better utilization of system resources. Apart from this, the demand for cloud backup is escalating due to lower costs, greater efficiency than on-premises backup and a significant increase in the volume of data generated across various industries. Furthermore, the application of cloud backup is expanding on account of the growing adoption of software as a service (SaaS) model and the emergence of new technologies, such as big data, the Internet of Things (IoT) and Artificial Intelligence (AI). Besides this, the rising utilization of mobile devices is anticipated to provide lucrative opportunities for the leading players in the upcoming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud backup market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, service provider, organization size, deployment mode and vertical.

Breakup by Component:

Solutions
Services
 

Breakup by Service Provider:

Cloud Service Provider
Telecom and Communication Service Provider
Managed Service Provider
Others
 

Breakup by Organization Size:

Large Enterprises
Small and Medium Enterprises
 

Breakup by Deployment Mode:

Public Cloud
Private Cloud
Hybrid Cloud
 

Breakup by Vertical:

BFSI
Consumer Goods and Retail
Education
Government and Public Sector
Healthcare and Life Sciences
Manufacturing
Media and Entertainment
Telecommunication and ITES
Others
 

Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Acronis International GmbH (Acronis AG), Amazon Web Services Inc. (Amazon.com Inc.), Asigra Inc., Barracuda Networks Inc. (Thoma Bravo LP), Carbonite Inc. (OpenText Corporation), Code42 Software Inc., Datto Inc., Dropbox Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Veeam Software GmbH and Vmware Inc. (Dell Technologies).

Key Questions Answered in This Report:

How has the global cloud backup market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cloud backup market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the service provider?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cloud backup market and who are the key players?
What is the degree of competition in the industry?

Table of Contents

146 Pages
1 Preface
2 Scope and Methodology 
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cloud Backup Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast
7 Market Breakup by Service Provider
7.1 Cloud Service Provider
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Telecom and Communication Service Provider
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Managed Service Provider
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Small and Medium Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast
9 Market Breakup by Deployment Mode
9.1 Public Cloud
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Private Cloud
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Hybrid Cloud
  9.3.1 Market Trends
  9.3.2 Market Forecast
10  Market Breakup by Vertical
10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Consumer Goods and Retail
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Education
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Government and Public Sector
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Healthcare and Life Sciences
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Manufacturing
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Media and Entertainment
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Telecommunication and ITES
  10.8.1 Market Trends
  10.8.2 Market Forecast
10.9 Others
  10.9.1 Market Trends
  10.9.2 Market Forecast
11  Market Breakup by Region
11.1 North America
  11.1.1 United States
   11.1.1.1 Market Trends
   11.1.1.2 Market Forecast
  11.1.2 Canada
   11.1.2.1 Market Trends
   11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
   11.2.1.1 Market Trends
   11.2.1.2 Market Forecast
  11.2.2 Japan
   11.2.2.1 Market Trends
   11.2.2.2 Market Forecast
  11.2.3 India
   11.2.3.1 Market Trends
   11.2.3.2 Market Forecast
  11.2.4 South Korea
   11.2.4.1 Market Trends
   11.2.4.2 Market Forecast
  11.2.5 Australia
   11.2.5.1 Market Trends
   11.2.5.2 Market Forecast
  11.2.6 Indonesia
   11.2.6.1 Market Trends
   11.2.6.2 Market Forecast
  11.2.7 Others
   11.2.7.1 Market Trends
   11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
   11.3.1.1 Market Trends
   11.3.1.2 Market Forecast
  11.3.2 France
   11.3.2.1 Market Trends
   11.3.2.2 Market Forecast
  11.3.3 United Kingdom
   11.3.3.1 Market Trends
   11.3.3.2 Market Forecast
  11.3.4 Italy
   11.3.4.1 Market Trends
   11.3.4.2 Market Forecast
  11.3.5 Spain
   11.3.5.1 Market Trends
   11.3.5.2 Market Forecast
  11.3.6 Russia
   11.3.6.1 Market Trends
   11.3.6.2 Market Forecast
  11.3.7 Others
   11.3.7.1 Market Trends
   11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
   11.4.1.1 Market Trends
   11.4.1.2 Market Forecast
  11.4.2 Mexico
   11.4.2.1 Market Trends
   11.4.2.2 Market Forecast
  11.4.3 Others
   11.4.3.1 Market Trends
   11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast
12  SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Acronis International GmbH (Acronis AG)
   16.3.1.1 Company Overview
   16.3.1.2 Product Portfolio 
  16.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
   16.3.2.1 Company Overview
   16.3.2.2 Product Portfolio
  16.3.3 Asigra Inc
   16.3.3.1 Company Overview
   16.3.3.2 Product Portfolio 
  16.3.4 Barracuda Networks Inc. (Thoma Bravo LP)
   16.3.4.1 Company Overview
   16.3.4.2 Product Portfolio
  16.3.5 Carbonite Inc. (OpenText Corporation)
   16.3.5.1 Company Overview
   16.3.5.2 Product Portfolio
  16.3.6 Code42 Software Inc.
   16.3.6.1 Company Overview
   16.3.6.2 Product Portfolio
  16.3.7 Datto Inc.
   16.3.7.1 Company Overview
   16.3.7.2 Product Portfolio
  16.3.8 Dropbox Inc.
   16.3.8.1 Company Overview
   16.3.8.2 Product Portfolio
   16.3.8.3 Financials 
  16.3.9 International Business Machines Corporation
   16.3.9.1 Company Overview
   16.3.9.2 Product Portfolio
   16.3.9.3 Financials 
   16.3.9.4 SWOT Analysis
  16.3.10 Microsoft Corporation
   16.3.10.1 Company Overview
   16.3.10.2 Product Portfolio
   16.3.10.3 Financials 
   16.3.10.4 SWOT Analysis
  16.3.11 Oracle Corporation
   16.3.11.1 Company Overview
   16.3.11.2 Product Portfolio
   16.3.11.3 Financials 
   16.3.11.4 SWOT Analysis
  16.3.12 Veeam Software GmbH
   16.3.12.1 Company Overview
   16.3.12.2 Product Portfolio
   16.3.12.3 Financials 
  16.3.13 Vmware Inc. (Dell Technologies)
   16.3.13.1 Company Overview
   16.3.13.2 Product Portfolio
   16.3.13.3 Financials 
   16.3.13.4 SWOT Analysis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us