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Global Cloud Backup Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 220 Pages I EMR Inc.
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
Market Breakup by Deployment Mode
- Public Cloud
- Private Cloud
- Hybrid Cloud
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End Use
- BFSI
- IT and Telecom
- Media and Entertainment
- Retail
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Europe
Competitive landscape
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.
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
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