About Cloud Backup -
Cloud backup is also known as online backup or remote backup. The term cloud backup refers to stored data online on a remote server via the internet. There are a wide range of advantages, including cloud backup accessible from anywhere, automated and scheduled backup processes, etc. Improved internet connectivity, including faster broadband speeds and widespread availability of high-speed internet, Continuous advancements in cloud technologies, including improved data deduplication, snapshot capabilities, and more efficient storage solutions, have made it more practical for users to transfer large volumes of data to and from the cloud, which is the key factor driving the cloud backup market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition in the cloud backup market continues to drive innovation, resulting in improved services, better security features, and more cost-effective solutions for businesses. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Acronis International GmbH (Switzerland), Datto, Inc. (United States), Asigra Inc (Canada), Barracuda Networks, Inc. (United States), Open Text Corporation (Canada), Code42 Software, Inc. (United States), Veeam Software: (Switzerland), IBM Cloud Backup (United States), DigiBoxx (India), Ninja One (United States), netgo group GmbH (Germany), Commvault (United States), Venn IT Solutions (Australia), Google Cloud (United States), Oryxalign (United Kingdom), Alibaba Cloud (Japan) and Kyndryl Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cloud Backup - market by and Region.
On the basis of geography, the market of Cloud Backup - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Cloud Backup - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Public Cloud will boost the Cloud Backup - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Full Backup will boost the Cloud Backup - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive Industry will boost the Cloud Backup - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased the demand of edge computing and the increased deployment of Internet of Things (IoT) devices
Market Growth Drivers:
The increasing volume of digital data generated by individuals and organizations and The rising of remote and distributed workforces has accelerated the demand for cloud-based solutions.
Challenges:
Uploading large amounts of data to the cloud can be slow and expensive. and Cloud backup users have limited control over the underlying infrastructure
Restraints:
Lack of awareness and understanding of cloud backup solutions
Opportunities:
The adoption of hybrid cloud architectures, combining on-premises and cloud-based solutions.
Market Leaders and their expansionary development strategies
In December 2020, Google has acquired the Actifio, a leader in backup and disaster recovery (DR). The acquisition of Actifio will help to better serve enterprises as they deploy and manage business-critical workloads, including in hybrid scenarios. and In January 2020, Leading software investor Insight Partners has acquired of Veeam Software, the leader in Backup solutions that deliver Cloud Data Management. The acquisition will enable Veeam to accelerate its Veeam’s evolution into Hybrid Cloud, and help the company expand into new markets and continue its growth trajectory.
In July 2023, Digital file sharing and cloud storage service provider DigiBoxx launched of a new data storage solution for corporates and individuals. The new launch Megh3 will provide customers with fast, simple, elastic storage solutions at their fingertips at attractive pricing, combining both simplicity and affordability, the domestic software as a service (SaaS) based digital storage platform. and In August 2020, Ninja One has launched Ninja Data Protection, a home-grown backup and disaster recovery (BDR) platform for MSPs (managed IT services providers) and IT professionals. Both file and folder and image backup solutions integrated with NinjaRMM’s flagship platform. The new launch provide support for encrypted in-motion and at-rest data via secure AES 256-bit end-to-end encryption.
Key Target Audience
Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.