Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRGlobal Cloud Backup Market, By Solution (Primary Storage, Disaster Recovery, Backup Storage), Deployment (Public Cloud, Private Cloud), Organization Size (Small and Medium Enterprise, Large Enterprise), End Use (Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Education), Provider (Cloud Service Provider, Telecom and Communication Service Provider, Managed Service Provider), Services (Training and Consulting, Support and Maintenance, Cloud Integration and Migration, Managed Services) – Industry Trends and Forecast to 2029.
Cloud Backup Market Analysis and Size
Cloud backup is more readily being used in the banking, financial services and insurance, retail and electronics sector for a wide range of advantages such as primary storage management and disaster-based recovery. The adoptions of the cloud-based platforms also create opportunities for the market over the forecasted period.
Global cloud backup market was valued at USD 4,390.20 million in 2021 and is expected to reach USD 26674.29 million by 2029, registering a CAGR of 25.30% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Cloud Backup Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Solution (Primary Storage, Disaster Recovery, Backup Storage), Deployment (Public Cloud, Private Cloud), Organization Size (Small and Medium Enterprise, Large Enterprise), End Use (Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Education), Provider (Cloud Service Provider, Telecom and Communication Service Provider, Managed Service Provider), Services (Training and Consulting, Support and Maintenance, Cloud Integration and Migration, Managed Services) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
IBM (U.S.), Microsoft (U.S.), Google (U.S.), Amazon Web Services (U.S.), Oracle (U.S.), Alibaba Group Holding Limited (China), VMware, Inc. (U.S.), Intel Corporation (U.S.), RACKSPACE TECHNOLOGY (U.S.), Adobe. (U.S.), Verizon (U.S.), CenturyLink. (U.S.), CenturyLink. (Japan), NTT Communications Corporation (Japan), Kamatera, Inc. (U.S.), DigitalOcean, LLC. (U.S.), MassiveGRID Inc. (U.S.), Liquid Web, LLC (U.S.), Charter Communications Inc. (U.S.), CloudSigma AG (Switzerland) |
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Market Opportunities |
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Market Definition
A cloud backup is also known as the online backup or cloud computer backup and refers to the backing up of the data to remote, cloud-based servers. It is a method of supporting the data which is stored in and accessible from multiple distributed and connected resources.
Global Cloud Backup Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in the adoption of smart devices
Increase in the adoption of smart gadgets such as smartphones, laptops and others is the factor driving the market's growth over the forecasted period. The increasing demands of backup technology in the growing economies such as China and India and the easy deployment of backup technologies in organizations and the various end-users is also vital factor driving the market's growth over the forecasted period.
- High-efficiency and Enhanced performance
The enhanced performance of cloud backup technologies fuels the market growth. The reduced costs and accurate outputs have made cloud backup technology a widely used solution in many organizations. The increasing demand for high-speed networks in manufacturing facilities to analyze real-time data, enhance production processes and provide secure and smooth data transmission. All these factors are driving the market's growth over the forecasted period.
Opportunities
- Growing adoptions of the cloud-based platforms
The growing adoptions of the cloud-based platforms for securing and storing large amount of data is estimated to generate lucrative opportunities for the market, which will further expand the discrete graphics microprocessor and graphic processing unit (GPU) market's growth rate in the future. Additionally, the increasing number of smart factories and smart industries will also offer numerous growth opportunities within the market.
Restraints/Challenges
- Easy availability of Alternate Solutions
The easy availability of alternate solutions and compatibility issues are the major factors creating hindrance for the market and are expected to obstruct market growth.
This cloud backup market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cloud backup market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Cloud Backup Market Scope
The cloud backup market is segmented on the basis of product type, cable category, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Primary Storage
- Disaster Recovery
- Backup Storage
Deployment
- Public Cloud
- Private Cloud
Organization Size
- Small and Medium Enterprise
- Large Enterprise
End Use
- Banking, Financial Services and Insurance (BFSI)
- Consumer Goods and Retail
- Education
Provider
- Cloud Service Provider
- Telecom and Communication Service Provider
- Managed Service Provider
Services
- Training and Consulting
- Support and Maintenance
- Cloud Integration and Migration
- Managed Services
Cloud Backup Market Regional Analysis/Insights
The cloud backup market is analyzed and market size insights and trends are provided by country, product type, cable category, application and end use.as referenced above.
The countries covered in the cloud backup market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the cloud backup market because of the increasing number of data centers and cloud based applications within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demands of cloud backup services and high internet penetration within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Backup Market Share Analysis
The cloud backup market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cloud backup market.
Some of the major players operating in the cloud backup market are
- IBM (U.S.)
- Microsoft (U.S.)
- Google (U.S.)
- Amazon Web Services (U.S.)
- Oracle (U.S.)
- Alibaba Group Holding Limited (China)
- VMware, Inc. (U.S.)
- Intel Corporation (U.S.)
- RACKSPACE TECHNOLOGY (U.S.)
- Adobe. (U.S.)
- Verizon (U.S.)
- CenturyLink. (U.S.)
- CenturyLink. (Japan)
- NTT Communications Corporation (Japan)
- Kamatera, Inc. (U.S.)
- DigitalOcean, LLC. (U.S.)
- MassiveGRID Inc. (U.S.)
- Liquid Web, LLC (U.S.)
- Charter Communications Inc. (U.S.)
- CloudSigma AG (Switzerland)
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