Cloud Backup Market Size & Share, by Component (Solution, Services); Enterprise Size (SMEs, Large Enterprises); Deployment (Private Cloud, Public Cloud, Hybrid Cloud); Service Provider (Cloud Service Provider, Telecommunication Service Provider, Managed Service Provider); End-Use Industry (BFSI, Healthcare, IT & Telecommunication, Consumer Goods & Retail, Manufacturing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5226
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT
  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition Of The Market And The Segments
    4. Acronyms And Assumptions
  2. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Solution/Service provider
        2. End user front
    2. Calculation and Derivation of Market Size
      1. Top-down approach
      2. Bottom-up approach
  3. Recommendation by Analyst for C-Level Executives
  4. An Abstract of the Report
  5. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
      1. End user based
      2. Solution/service based
  6. Fundamental Market Prospects
    1. Strategic competitive opportunities
    2. Geographic opportunities
    3. Application centric opportunities
  7. Regulatory & Standards Landscape
  8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  9. Analysis of SaaS Backup Software
  10.  Economic Outlook: Japan
    1. Limitations to Japan’s Economic Recovery
    2. Uplifting Policies to Foster the Growth of the Economy
    3. Future-Outlook and Strategic Move for Sustainable Economy
  11. On-going Technological Trends in Cloud Backup
  12. Regional Demand Analysis
  13. Industry Value Chain Analysis
  14. Industry Growth Outlook
  15. Subscription Analysis
  16. End-Use Industry Analysis
  17. Analysis of the Region-Wise Data Center Traffic
  18. Global Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Global Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Geography
      1. North America, Market Value (USD Million) and CAGR, 2023-2036F
      2. Europe, Market Value (USD Million) and CAGR, 2023-2036F
      3. Asia Pacific, Market Value (USD Million) and CAGR, 2023-2036F
      4. Latin America, Market Value (USD Million) and CAGR, 2023-2036F
      5. Middle East & Africa, Market Value (USD Million) and CAGR, 2023-2036F
  19. Cross Analysis of Component w.r.t. End-Use Industry (USD Million), 2023
  20. North America Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. North America Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. United States, 2023-2036F (USD Million)
      2. Canada, 2023-2036F (USD Million)
  21. Europe Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Europe Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. Germany, 2023-2036F (USD Million)
      2. U.K., 2023-2036F (USD Million)
      3. Italy, 2023-2036F (USD Million)
      4. France, 2023-2036F (USD Million)
      5. Spain, 2023-2036F (USD Million)
      6. Russia, 2023-2036F (USD Million)
      7. Netherlands, 2023-2036F (USD Million)
      8. Rest of Europe, 2023-2036F (USD Million)
  22. Asia Pacific Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. APEJ Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. China, 2023-2036F (USD Million)
      2. India, 2023-2036F (USD Million)
      3. Japan, 2023-2036F (USD Million)
      4. South Korea, 2023-2036F (USD Million)
      5. Singapore, 2023-2036F (USD Million)
      6. Australia, 2023-2036F (USD Million)
      7. Rest of Asia Pacific, 2023-2036F (USD Million)
  23. Japan Cloud Backup Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Japan Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
  24. Latin America Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Latin America Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
      4. By Deployment
        1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      5. By Service Provider
        1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
      6. By End-Use Industry
        1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
        2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
        3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
        4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
        5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        6. Others, Market Value (USD Million) and CAGR, 2023-2036F
      7. By Country
        1. Brazil, 2023-2036F (USD Million)
        2. Mexico, 2023-2036F (USD Million)
        3. Argentina, 2023-2036F (USD Million)
        4. Rest of Latin America, 2023-2036F (USD Million)
  25. Middle East & Africa Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Middle East and Africa Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
      4. By Deployment
        1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      5. By Service Provider
        1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
      6. By End-Use Industry
        1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
        2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
        3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
        4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
        5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        6. Others, Market Value (USD Million) and CAGR, 2023-2036F
      7. By Country
        1. GCC, 2023-2036F (USD Million)
        2. Israel, 2023-2036F (USD Million)
        3. South Africa, 2023-2036F (USD Million)
        4. Rest of Middle East & Africa, 2023-2036F (USD Million)
  26. Comprehensive Analysis of Leading Players in the Market
    1. Market share of Key Competitors in the Market, (%) 2023
    2. Benchmarking of the Competitors
    3. Profile of the Major Vendors
      1.  Veeam Software
      2. Acronis International GmbH
      3. Barracuda Networks, Inc.
      4. Druva Inc.
      5. IBM Corporation 
      6. Iron Mountain Inc.
      7. Microsoft Corporation
      8. Oracle Corporation
      9. Amazon Web Services
      10. AvePoint, Inc.
      11. NTT DATA
      12. TSUKAERU.NET CO., LTD.
      13. TeraCloud Co., Ltd.
      14. Wasabi Technologies
      15. Rhipe Ltd
      16. Fujitsu Limited
      17. Hitachi Vantara LLC
      18. Open Text Corporation
    4. Competitive Benchmarking
  27. Primary Interview Analysis

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Cloud Backup Market size was valued at USD 4.65 Billion in 2023 and is likely to reach USD 90.02 Billion by 2036, expanding at around 25.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cloud backup is estimated at USD 5.6 Billion. The enormous amount of data being generated, the lower prices and higher efficiency of cloud backup than on-premises backup, and the expanding use of SaaS led to an increase in cloud backup. There are a large number of advanced Software as a Service (SaaS) business apps supplied via the cloud that are designed to address particular problems in the public sector.

Furthermore, the increasing use of cloud backup services worldwide to keep track of their financial data raising its market growth. For instance, in 2021, Amazon Web Services (AWS), a U.S.-based IT service management company and a wholly-owned subsidiary of Amazon, a U.S.-based e-commerce company, collaborated with Goldman Sachs, a U.S.-based investment banking company, to create a new cloud-based data and data analytics solutions for financial institutions.


Cloud Backup Market Share
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Cloud Backup Sector: Growth Drivers and Challenges

  • Significant Increase in the Volume of Data Generated across Different Industries – The quantity of data in the world is expanding at a rapid rate. A significant portion of this result is "data emission," which is information passively obtained via regular communications with digital services or goods such as smartphones, bank accounts, and social media platforms. IaaS is another sort of cloud service that provides users with access to virtual computers, storage, backups, and other resources. This can help to safeguard your information during natural disasters or system failures, which is also a driver of the worldwide increase in demand for cloud backup solutions and services.
  • Growing Adoption among Small & Medium Enterprises (SMEs) – Small and medium-sized businesses (SMBs) can use the cloud as a more efficient IT option that saves money and increases production. SMEs also get a lot of clear benefits from cloud-based solutions, such as better security for their data, less downtime, and flexible storage. Data loss can be very bad for a small business. It's not just that the files are lost; it also takes time and cost to recover them. As a result, many small and medium-sized businesses are shifting their operations to the cloud for quick data recovery from any kind of data disaster, like when data on a lost laptop is deleted remotely.
  • Growing Usage of Mobile Phones-  In 2023, around 6.92 billion people are using smartphones, which makes up for around 85% of the world’s population. The growing usage of mobile phones has increased the production of pictures and videos. Consumers are using cloud backup to safeguard their memories permanently.

Challenges

  • Concerns Related to Data Privacy and Governance – Several organizations migrate on-premise applications, such as Microsoft Office or Adobe products to the public cloud infrastructure. The infrastructure backs up any information on the user’s system, as well as the data from their endpoints including sensitive data on the user’s system. This prompts concerns regarding data privacy among users, which may hinder the growth of the market.
     
  • Complexities of Bandwidth Limitations
     
  • Time-Consuming Recovery Process

Cloud Backup Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

25.6%

Base Year Market Size (2023)

USD 4.65 Billion

Forecast Year Market Size (2036)

USD 90.02 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia-Pacific)
  • Latin America (Brazil, Argentina, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East & Africa)
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Cloud Backup Segmentation

Component (Solution & Services)

By the end of 2036, the services segment in the cloud backup market is estimated to gain the largest revenue share, primarily due to the growing need to strengthen an organization's data protection, business continuity, and regulatory compliance procedures without increasing IT staff effort. Organizations are rapidly embracing digital transformation, raising the demand for increasingly scalable and cost-effective backup and recovery solutions, paving the way for the market globally.

Deployment (Private Cloud, Public Cloud, Hybrid Cloud)

Cloud backup market from the public cloud segment is expected to grow at a CAGR of 25.76%. The growth of the segment is attributed to the growing demand for solutions that provide public cloud that a company may use to preserve sensitive data and applications that cannot be readily migrated to the cloud in its on-premises data center while accessing Software-as-a-Service (SaaS) applications and any additional platform, storage, or computing capacity that it may require.

Our in-depth analysis of the global market includes the following segments

     Component

  • Solution
    • Primary Storage
    • Disaster Recovery
    • Backup Storage
  • Services
    • Training & Consulting
    • Design & Integration
    • Support & Maintenance

     Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

    Deployment

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

   Service Provider

  • Cloud Service Provider
  • Telecommunication Service Provider
  • Managed Service Provider

    End User

  • BFSI
  • Healthcare
  • IT & Telecommunication
  • Consumer Goods & Retail
  • Manufacturing

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Cloud Backup Industry - Regional Synopsis

North American Market Forecast

The North America cloud backup market is expected to hold the larger share with a revenue of USD 27.6 billion by the end of 2036. North America, notably the U.S. is one of the most technologically distinctive countries, with an advanced industrial infrastructure. According to U.S. News & World Report, a U.S.-based media company, the U.S. serves as the most innovative country in North and Central America. Furthermore, the region has a strong presence of major IT players or service providers, along with the cloud providers and data centers located there. Such technological competence allows for the development and adoption of cloud backup solutions more rapidly than in other regions.

European Market Statistics

The Europe cloud backup market is estimated to be the second largest by 2036. The growth of the market can be attributed majorly to the use of cloud services in the region. Between the years 2020 and 2021, the adoption of cloud services has increased by around 5% in Europe. Moreover, 75% population in Sweden and Finland are using cloud services. Furthermore, many governments of European countries have invested significantly in the adoption of cloud computing in the IT sector.

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Cloud Backup Market Growth
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Companies Dominating the Cloud Backup Landscape

    • Veeam Software
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Acronis International GmbH
    • Barracuda Networks, Inc.
    • Druva Inc.
    • IBM Corporation 
    • Iron Mountain Inc.
    • Microsoft Corporation
    • Oracle Corporation
    • Amazon Web Services
    • AvePoint, Inc.
    • NTT DATA
    • TSUKAERU.NET CO., LTD.
    • TeraCloud Co., Ltd.
    • Wasabi Technologies
    • Rhipe Ltd
    • Fujitsu Limited
    • Hitachi Vantara LLC
    • Open Text Corporation

In the News

  • Acronis International GmbH, a Swiss software company, announced key changes to its existing Cyber Protect Cloud platform along with the introduction of a new product called Advanced Automation into its Advanced Management solution.
     
  •  Infosys, an Indian information technology company, announced the expansion of its partnership with Microsoft, a U.S.-based technology corporation to bring together Infosys Cobalt cloud offerings and Microsoft’s cloud computing technologies, led by Azure, across the business value chain.

Author Credits:  Abhishek Verma


  • Report ID: 5226
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cloud backup is estimated at USD 5.6 Billion.

The cloud backup market size was valued at USD 4.65 Billion in 2023 and is likely to reach USD 90.02 Billion by 2036, expanding at around 25.6% CAGR during the forecast period i.e., between 2024-2036. High volume of data generation, growing adoption of SaaS, lower costs, and greater efficiency than on-premises backup, are the major factors driving the market growth.

North America industry share is expected to cross 38% by 2036, as region has a strong presence of major IT players or service providers, along with the cloud providers and data centers located there.

Veeam Software, Acronis International GmbH, Barracuda Networks, Inc., Druva Inc., IBM Corporation, Iron Mountain Inc., Microsoft Corporation, Oracle Corporation, Amazon Web Services, AvePoint, Inc., NTT DATA, TSUKAERU.NET CO., LTD., TeraCloud Co., Ltd., Wasabi Technologies, Rhipe Ltd, Fujitsu Limited, Hitachi Vantara LLC, Open Text Corporation
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