Market Overview:
The global cloud backup services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based backup and recovery services from SMEs and large enterprises across the globe. In addition, the growing trend of hybrid cloud deployments is also contributing to the growth of this market. The global cloud backup services market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into public cloud, private cloud, hybrid cloud, and others (including community clouds and federated clouds). Among these segments, public clouds are expected to witness highest growth during the forecast period owing to their low cost and easy scalability features. On the basis of application, it can be classified into BFSI sector,, telecom & IT sector,, retail sector,, healthcare sector,, manufacturing sector,.and others (including education institutions). Among these applications segments,.Regionally,.Latin America,.Europe.,Asia Pacific.,and Middle East & Africa.
Product Definition:
Cloud backup services are a way of storing data off-site, often in a remote data center. The data is typically stored in the cloud using some type of encryption so that it is secure. Cloud backup services can be used to protect against data loss due to fires, floods, or other disasters. They can also be used to provide off-site storage for archives or backups.
Public Cloud:
Public cloud is a group of remote computing services that provide shared pool of hardware, software, and networking. It's an umbrella term for the set up where several consumer-oriented applications can be run on one server along with supporting Infrastructure as a Service (IaaS) functions such as storage space and processing power. The IaaS function allows end-users to use the service without managing its physical components like servers, network switches or other devices.
Private Cloud:
Private cloud is a type of cloud computing that offers its own infrastructure and services to an organization. It is also known as “Internal Cloud” or “On-premise Cloud”. In this type of cloud, the data and applications are hosted on the organization's servers within a private network.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) application segment accounted for the largest revenue share of over 60% in 2017. The SMEs are increasingly adopting cloud backup services owing to their affordable price, easy to use interface, and reliable service. Moreover, with the help of online backup solutions, it is easier for the SMEs to maintain data security by scheduling regular back up operations.
Cloud computing has enabled small businesses to scale new heights in terms of efficiency as well as effectiveness in all operations of business management: from sales & marketing through product development & support to financials & administration tasks. Thus, cloud computing has proved itself helpful not only for large enterprises but also small and medium-sized businesses across various industries such as IT/Telecom Services (BFSI), Government etc., enabling them access valuable information from remote locations at a single place via network devices such as laptops/desktops or mobile devices containing data.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of technology providers offering cloud backup services, high IT investments, and increasing demand for data protection solutions among enterprises and consumers. Moreover, growing awareness regarding digital footprinting is driving consumer preference for online backup services over traditional ones.
Asia Pacific is expected to emerge as the fastest-growing regional market from 2018 to 2030 owing to rising disposable income levels among consumers and enterprises in countries such as China and India. Furthermore, governments’ inclination towards digitalization will boost adoption rates of cloud-based backup services amongst SMEs in this region over the forecast period.
Growth Factors:
- Increasing demand for data security and compliance
- Proliferation of cloud-based services and applications
- Rapid growth of big data and the Internet of Things (IoT)
- Growing need for business continuity and disaster recovery services
- Increased spending on IT infrastructure by businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Backup Services Market Research Report
By Type
Public Cloud, Private Cloud, Hybrid Cloud, Cloud Backup Service
By Application
SMEs, Large Enterprises
By Companies
Microsoft Corporation, HP, Dell Inc, Commvault Systems, NetApp, Inc, Unitrends, IBM, Oracle Corporation, Veritas Technologies, Veeam Software, Trilogy Technologies, Acronis, Arcserve, Datto, Amazon, Cisco Systems, Fujitsu, Backblaze, DXC Technology, SysGroup, Alibaba Cloud, Cloud Backup Service
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Backup Services Market Report Segments:
The global Cloud Backup Services market is segmented on the basis of:
Types
Public Cloud, Private Cloud, Hybrid Cloud, Cloud Backup Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft Corporation
- HP
- Dell Inc
- Commvault Systems
- NetApp, Inc
- Unitrends
- IBM
- Oracle Corporation
- Veritas Technologies
- Veeam Software
- Trilogy Technologies
- Acronis
- Arcserve
- Datto
- Amazon
- Cisco Systems
- Fujitsu
- Backblaze
- DXC Technology
- SysGroup
- Alibaba Cloud
- Cloud Backup Service
Highlights of The Cloud Backup Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Cloud Backup Service
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Backup Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Backup Services is a cloud-based backup and disaster recovery solution that helps businesses protect their data by automatically backing up files to the cloud. The service can be accessed from any device, and it offers real-time protection for files stored in the cloud as well as on devices.
Some of the major companies in the cloud backup services market are Microsoft Corporation, HP, Dell Inc, Commvault Systems, NetApp, Inc, Unitrends, IBM, Oracle Corporation, Veritas Technologies, Veeam Software, Trilogy Technologies, Acronis, Arcserve, Datto, Amazon, Cisco Systems, Fujitsu, Backblaze, DXC Technology, SysGroup, Alibaba Cloud, Cloud Backup Service.
The cloud backup services market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud Backup Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cloud Backup Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cloud Backup Services Market - Supply Chain
4.5. Global Cloud Backup Services Market Forecast
4.5.1. Cloud Backup Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cloud Backup Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cloud Backup Services Market Absolute $ Opportunity
5. Global Cloud Backup Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cloud Backup Services Market Size and Volume Forecast by Type
5.3.1. Public Cloud
5.3.2. Private Cloud
5.3.3. Hybrid Cloud
5.3.4. Cloud Backup Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cloud Backup Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cloud Backup Services Market Size and Volume Forecast by Application
6.3.1. SMEs
6.3.2. Large Enterprises
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cloud Backup Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cloud Backup Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cloud Backup Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cloud Backup Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cloud Backup Services Demand Share Forecast, 2019-2026
9. North America Cloud Backup Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cloud Backup Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cloud Backup Services Market Size and Volume Forecast by Application
9.4.1. SMEs
9.4.2. Large Enterprises
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cloud Backup Services Market Size and Volume Forecast by Type
9.7.1. Public Cloud
9.7.2. Private Cloud
9.7.3. Hybrid Cloud
9.7.4. Cloud Backup Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cloud Backup Services Demand Share Forecast, 2019-2026
10. Latin America Cloud Backup Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cloud Backup Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cloud Backup Services Market Size and Volume Forecast by Application
10.4.1. SMEs
10.4.2. Large Enterprises
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cloud Backup Services Market Size and Volume Forecast by Type
10.7.1. Public Cloud
10.7.2. Private Cloud
10.7.3. Hybrid Cloud
10.7.4. Cloud Backup Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cloud Backup Services Demand Share Forecast, 2019-2026
11. Europe Cloud Backup Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cloud Backup Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cloud Backup Services Market Size and Volume Forecast by Application
11.4.1. SMEs
11.4.2. Large Enterprises
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cloud Backup Services Market Size and Volume Forecast by Type
11.7.1. Public Cloud
11.7.2. Private Cloud
11.7.3. Hybrid Cloud
11.7.4. Cloud Backup Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cloud Backup Services Demand Share, 2019-2026
12. Asia Pacific Cloud Backup Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cloud Backup Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cloud Backup Services Market Size and Volume Forecast by Application
12.4.1. SMEs
12.4.2. Large Enterprises
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cloud Backup Services Market Size and Volume Forecast by Type
12.7.1. Public Cloud
12.7.2. Private Cloud
12.7.3. Hybrid Cloud
12.7.4. Cloud Backup Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cloud Backup Services Demand Share, 2019-2026
13. Middle East & Africa Cloud Backup Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cloud Backup Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cloud Backup Services Market Size and Volume Forecast by Application
13.4.1. SMEs
13.4.2. Large Enterprises
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cloud Backup Services Market Size and Volume Forecast by Type
13.7.1. Public Cloud
13.7.2. Private Cloud
13.7.3. Hybrid Cloud
13.7.4. Cloud Backup Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cloud Backup Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cloud Backup Services Market: Market Share Analysis
14.2. Cloud Backup Services Distributors and Customers
14.3. Cloud Backup Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Microsoft Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dell Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Commvault Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NetApp, Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Unitrends
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IBM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oracle Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Veritas Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Veeam Software
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Trilogy Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Acronis
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Arcserve
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Datto
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Amazon
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cisco Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Fujitsu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Backblaze
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. DXC Technology
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. SysGroup
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
