Cloud Backup Market Regional Analysis:
North America Market Forecast
The North America cloud backup market share is set to cross 38% by the end of 2035 owing to a strong presence of major IT players or service providers along with cloud providers and data centers. Such technological competence allows for the development and adoption of cloud backup solutions more rapidly than in other regions. In addition, the increasing incidence of cybersecurity concerns and the growing trend of remote work adoption post-COVID-19 have resulted in increasing demand for cloud backup services and solutions in this region.
The U.S. is one of the most technologically distinctive countries, with an advanced industrial infrastructure. Factors such as increasing data from IoT devices, digital platforms, and business operations, rising risks of cyber threats, and growing need for cost-effective and flexible backup solutions will propel the market growth.
Europe Market Statistics
The Europe cloud backup market is expected to expand at a significant pace during the forecast period due to high usage of cloud services in the region and rising adoption of advanced cloud-based solutions across several industries. The adoption of cloud services increased by around 5% in Europe between 2020 and 2021. Furthermore, many governments of European countries have invested significantly in the adoption of cloud computing in the IT sector.
Germany is one of the largest markets for cloud backup in Europe, reflecting a mature cloud adoption landscape and strong enterprise demand. The market is growing as a result of stringent data regulation, rising industrial digitalization, and increasing adoption of advanced cloud technology in SMEs and large enterprises in major cities in the country.
