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North America Cloud Backup Market Size, Share & Trends Analysis Report By Component (Solutions and Services), By Solutions, By Enterprise Size, By Deployment, By Service Providers, By End Use, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Aug 30, 2024
Length 132 Pages
SKU # KBV19138445

Description

North America Cloud Backup Market Size, Share & Trends Analysis Report By Component (Solutions and Services), By Solutions, By Enterprise Size, By Deployment, By Service Providers, By End Use, By Country and Growth Forecast, 2024 - 2031


The North America Cloud Backup Market would witness market growth of 23.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Cloud Backup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,792.3 million by 2031. The Canada market is experiencing a CAGR of 25.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 24.9% during (2024 - 2031).

The growing adoption of hybrid cloud environments contributes to expanding the cloud backup market. Hybrid cloud environments combine public cloud services with on-premises infrastructure, offering businesses greater flexibility and control over their data.

Moreover, cloud backup solutions are well-suited to hybrid environments, as they can integrate with both cloud and on-premises systems to provide a comprehensive backup strategy. This is especially advantageous for organizations that wish to preserve sensitive data on-premises while simultaneously leveraging the cloud's cost savings and scalability for less critical data.

With many businesses shifting to digital platforms, the demand for secure and scalable cloud backup solutions has surged across the region. Governments in North America have implemented regulations that mandate robust data protection practices, further accelerating the adoption of cloud backups. In the United States, the growing cybersecurity concerns have been a major driver of cloud backup adoption. The increasing frequency of cyberattacks, including ransomware and data breaches, has pressured businesses to invest in robust data protection strategies. According to the Federal Bureau of Investigation (FBI), cybercrime incidents reported to the Internet Crime Complaint Center (IC3) reached over 880,418, with a cumulative loss of 12.5 billion USD in 2023.

Based on Component, the market is segmented into Solutions and Services. Based on Solutions, the market is segmented into Primary Storage, Disaster Recovery, and Backup Storage. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Service Providers, the market is segmented into Cloud, Managed, Telecom & Communication, and Others. Based on End Use, the market is segmented into BFSI, IT & ITES, Healthcare, Retail & E-commerce, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • >Acronis International GmbH
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Asigra Inc.
  • Backblaze, Inc.
  • Dropbox, Inc.
  • IDrive Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Open Text Corporation
  • Google LLC
North America Cloud Backup Market Report Segmentation

By Component
  • >Solutions
  • Primary Storage
  • Disaster Recovery
  • Backup Storage
  • Services
By Enterprise Size
  • >Large Enterprises
  • SMEs
By Deployment
  • >Public Cloud
  • Private Cloud
  • Hybrid Cloud
By Service Providers
  • >Cloud
  • Managed
  • Telecom & Communication
  • Others
By End Use
  • >BFSI
  • IT & ITES
  • Healthcare
  • Retail & E-commerce
  • Manufacturing
  • Others
By Country
  • >US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

132 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud Backup Market, by Component
1.4.2 North America Cloud Backup Market, by Enterprise Size
1.4.3 North America Cloud Backup Market, by Deployment
1.4.4 North America Cloud Backup Market, by Service Providers
1.4.5 North America Cloud Backup Market, by End Use
1.4.6 North America Cloud Backup Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Mar – 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Cloud Backup Market by Component
5.1 North America Solutions Market by Region
5.2 North America Cloud Backup Market By Solutions Type
5.2.1 North America Primary Storage Market by Country
5.2.2 North America Disaster Recovery Market by Country
5.2.3 North America Backup Storage Market by Country
5.3 North America Services Market by Region
Chapter 6. North America Cloud Backup Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Cloud Backup Market by Deployment
7.1 North America Public Cloud Market by Country
7.2 North America Private Cloud Market by Country
7.3 North America Hybrid Cloud Market by Country
Chapter 8. North America Cloud Backup Market by Service Providers
8.1 North America Cloud Market by Country
8.2 North America Managed Market by Country
8.3 North America Telecom & Communication Market by Country
8.4 North America Others Market by Country
Chapter 9. North America Cloud Backup Market by End Use
9.1 North America BFSI Market by Country
9.2 North America IT & ITES Market by Country
9.3 North America Healthcare Market by Country
9.4 North America Retail & E-commerce Market by Country
9.5 North America Manufacturing Market by Country
9.6 North America Others Market by Country
Chapter 10. North America Cloud Backup Market by Country
10.1 US Cloud Backup Market
10.1.1 US Cloud Backup Market by Component
10.1.1.1 US Cloud Backup Market By Solutions Type
10.1.2 US Cloud Backup Market by Enterprise Size
10.1.3 US Cloud Backup Market by Deployment
10.1.4 US Cloud Backup Market by Service Providers
10.1.5 US Cloud Backup Market by End Use
10.2 Canada Cloud Backup Market
10.2.1 Canada Cloud Backup Market by Component
10.2.1.1 Canada Cloud Backup Market By Solutions Type
10.2.2 Canada Cloud Backup Market by Enterprise Size
10.2.3 Canada Cloud Backup Market by Deployment
10.2.4 Canada Cloud Backup Market by Service Providers
10.2.5 Canada Cloud Backup Market by End Use
10.3 Mexico Cloud Backup Market
10.3.1 Mexico Cloud Backup Market by Component
10.3.1.1 Mexico Cloud Backup Market By Solutions Type
10.3.2 Mexico Cloud Backup Market by Enterprise Size
10.3.3 Mexico Cloud Backup Market by Deployment
10.3.4 Mexico Cloud Backup Market by Service Providers
10.3.5 Mexico Cloud Backup Market by End Use
10.4 Rest of North America Cloud Backup Market
10.4.1 Rest of North America Cloud Backup Market by Component
10.4.1.1 Rest of North America Cloud Backup Market By Solutions Type
10.4.2 Rest of North America Cloud Backup Market by Enterprise Size
10.4.3 Rest of North America Cloud Backup Market by Deployment
10.4.4 Rest of North America Cloud Backup Market by Service Providers
10.4.5 Rest of North America Cloud Backup Market by End Use
Chapter 11. Company Profiles
11.1 Acronis International GmbH
11.1.1 Company Overview
11.2 Asigra Inc.
11.2.1 Company Overview
11.3 Backblaze, Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Regional Analysis
11.3.4 Research & Development Expenses
11.4 IDrive Inc.
11.4.1 Company Overview
11.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental Analysis
11.5.4 Recent strategies and developments:
11.5.4.1 Partnerships, Collaborations, and Agreements:
11.5.5 SWOT Analysis
11.6 Dropbox, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Recent strategies and developments:
11.6.3.1 Acquisition and Mergers:
11.7 IBM Corporation
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional & Segmental Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.6 SWOT Analysis
11.8 Microsoft Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Product Launches and Product Expansions:
11.8.6 SWOT Analysis
11.9 Open Text Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Google LLC (Alphabet Inc.)
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.5.2 Product Launches and Product Expansions:
11.10.5.3 Acquisition and Mergers:
11.10.6 SWOT Analysis

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