Global Cloud Backup Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Cloud Backup Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Cloud Backup Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is considered to be the leading region for this market. Cloud emergence and mandatory government regulations are helping to boost the market.
Cloud backup is also referred as online backup or cloud computing backup. It refers to the backing up of data to a remote and cloud-based server. Moreover, it is mainly the method of supporting the data that is stored in and accessible from multiple distributed and connected resources that comprises a cloud for transferring data over the public cloud with less consumption of bandwidth.
The generation of humongous amounts of information and the necessity of lowering cost are helping the market to grow. The increasing adoption of SaaS and better efficiency of cloud backup than on-premises backup will also propel the growth of the market. Moreover, the other factors responsible for boosting the growth of market includes huge volumes of data generation and growing adoption rate of cloud computing among enterprises. However, compatibility concerns for certain applications with cloud environment may hamper the growth of the market. Moreover, the opportunities that can strengthen the growth of market includes increasing adoption among SMES, high adoption rate of hybrid cloud considered to transform the market. Additionally, the market has to face various different challenges such as growing complexities of bandwidth limitations and difficulty in achieving compliance.
The global cloud backup market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
On the basis of segmentation of the global cloud backup market, it is bifurcated into various segments such as by component, by service provider, by deployment model, by organization size, by vertical, and by region.
According to the component segment, the market is split into solution and service. The service segment is further bifurcated into training & consulting, support & maintenance, and system integration.
Based on the service provider, the market is divided into cloud service provider, telecom & communication service provider, managed service provider, and others. On the basis of deployment type, it is segmented into public cloud, private cloud, and hybrid cloud.
The organization size segment is bifurcated into large enterprises and small & medium-sized enterprises (SMEs).
Based on the vertical segment, the market is bifurcated into education, BFSI, manufacturing, media & entertainment, and others.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global cloud backup market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Acronis International GmbH, Asigra Inc., Barracuda Networks, Inc., Carbonite, Inc., Code42 Software, Inc., Datto, Inc., Druva Software, International Business Machines Corporation, Iron Mountain Incorporated, Microsoft Corporation, Oracle Corporation, and Veeam Software.
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