Cloud Backup Market by Component (Solution & Services), Provider (Cloud Service Provider, Telecom & Communication Service Provider, & Managed Service Provider), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022

  • ID: 4311900
  • Report
  • Region: Global
  • 137 Pages
  • Markets and Markets
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The Cloud Backup Market Size is Expected to Grow from USD 1.30 Billion in 2017 to USD 4.13 Billion By 2022, at a CAGR of 26.1%

FEATURED COMPANIES

  • Asigra Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Software
  • MORE

"Huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS are driving the cloud backup market"

The cloud backup market size is expected to grow from USD 1.30 billion in 2017 to USD 4.13 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The market is driven by factors, such as need for business agility, faster deployment and scalability, increasing awareness about cloud backup among enterprises globally, and reduced costs of ownership. However, enterprises face some obstacles while adopting cloud backup, such as bandwidth limitations, difficulty in achieving compliance and growing concerns over data privacy and governance.

"System integration service is expected to have the fastest growth rate during the forecast period"

System integration services help in solving complex problems and assure of cost-efficient business processes to produce a flexible environment that can fulfil performance, security, and availability. It provides facilities and frameworks for the integration of various platforms with third-party environments. The increasing trend of adopting the backup services is ultimately resulting in the growth of the system integration market segment.

"North America is expected to hold the largest market share, Asia Pacific (APAC) to grow the fastest"

North America is expected to hold the largest market during the forecast period, as organizations are shifting toward cloud-based solutions and services with the increasing adoption of digital business strategies. Furthermore, organizations have invested hugely on advanced technologies to gain competitive advantage and improve business operations. The APAC region is in the initial growth phase; however, it is the fastest growing region in the global cloud backup market. The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of cloud backup solutions to improve the operational issues.

The break-up profiles of primary participants are given below:

  • By company: Tier 1 - 43%, Tier 2 - 35%, and Tier 3 - 22%
  • By designation: C-level - 60%, Director level - 25%, and Others - 15%
  • By region: North America - 44%, Europe - 25%, APAC - 21%, and RoW - 10%

The following key cloud backup providers are profiled in the report:
1. Accenture (Dublin, Ireland)
2. Acronis International GmbH (Schaffhausen, Switzerland)
3. Asigra Inc. (Ontario, Canada)
4. Barracuda Networks, Inc. (California, US)
5. Carbonite, Inc. (Massachusetts, US)
6. Code42 Software, Inc. (Minnesota, US)
7. Datto, Inc. (Connecticut, US)
8. Druva Software (California, US)
9. International Business Machines Corporation (IBM; New York, US)
10. Iron Mountain Incorporated (Massachusetts, US)
11. Microsoft Corporation (Washington, US)
12. Oracle Corporation (California, US)
13. Veeam Software (Linden Park, Switzerland)

Research Coverage

The cloud backup market has been segmented on the basis of components, service providers, deployment models, organization size, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, products and services, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the cloud backup market.

The report will help the market leaders/new entrants in this market in the following ways:

  • This report segments the cloud backup market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
  • This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes vendor comparison of top market players in the cloud backup market.
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FEATURED COMPANIES

  • Asigra Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Software
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries By Companies, By Designation, and By Region
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in the Cloud Backup Market
    4.2 Cloud Backup Market: Market Share of Deployment Models and Regions, 2017
    4.3 Market Investment Scenario
    4.4 Cloud Backup Market: Top 3 Verticals, 2017-2022

5 Market Overview and Industry Trends
    5.1 Introduction
    5.2 Regulatory Implications
           5.2.1 Payment Card Industry Data Security Standard (PCI-DSS)
           5.2.2 Federal Information Security Management Act (FISMA)
           5.2.3 International Organization for Standardization/ International Electrotechnical Commission 27018
    5.3 Innovation Spotlight
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Huge Volume of Generated Data, Leading to Rising Adoption of Cloud Backup
                    5.4.1.2 Lower Costs and Greater Efficiency Than On-Premises Backup
                    5.4.1.3 Growing Adoption of Saas Driving the Demand for Cloud Backup
           5.4.2 Restraints
                    5.4.2.1 Compatibility Concerns for Certain Applications With the Cloud Environment
           5.4.3 Opportunities
                    5.4.3.1 Growing Adoption Among SMES
                    5.4.3.2 High Adoption Rate of Hybrid Cloud Expected to Transform the Cloud Backup Market
           5.4.4 Challenges
                    5.4.4.1 Increasing Complexities of Bandwidth Limitations
                    5.4.4.2 Difficulty in Achieving Compliance
                    5.4.4.3 Rising Concerns Regarding Data Privacy and Governance

6 Cloud Backup Market Analysis, By Component
    6.1 Introduction
    6.2 Solution
    6.3 Services
           6.3.1 Training and Consulting
           6.3.2 Support and Maintenance
           6.3.3 System Integration

7 Cloud Backup Market Analysis, By Service Provider
    7.1 Introduction
    7.2 Cloud Service Providers
    7.3 Managed Service Providers
    7.4 Telecom and Communication Service Providers
    7.5 Others

8 Cloud Backup Market Analysis, By Deployment Model
    8.1 Introduction
    8.2 Public Cloud
    8.3 Private Cloud
    8.4 Hybrid Cloud

9 Cloud Backup Market Analysis, By Organization Size
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Cloud Backup Market Analysis, By Vertical
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 Consumer Goods and Retail
     10.4 Education
     10.5 Government and Public Sector
     10.6 Healthcare and Life Sciences
     10.7 Manufacturing
     10.8 Media and Entertainment
     10.9 Telecommunication and Ites
     10.10 Others

11 Geographic Analysis
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape
     12.1 Introduction
             12.1.1 Vanguards
             12.1.2 Innovators
             12.1.3 Dynamic
             12.1.4 Emerging
     12.2 Cloud Backup Market: Competitive Benchmarking

*Top 25 Companies Analyzed for This Study are - Acronis International GmbH, Asigra Inc., Backblaze, Inc., Barracuda Networks, Inc., Carbonite, Inc., Code42 Software, Inc., Commvault, Datto, Inc., Druva Software, Efolder, Inc., Fujitsu Limited, IBM Corporation, Idrive Inc., Iland Internet Solutions, Infrascale Inc., Iron Mountain Incorporated, Livedrive, Inc., Microsoft Corporation, Mozy Inc., Opendrive, Inc., Oracle Corporation, Rapidscale, Inc., Spideroak, Inc., Sugarsync, Inc., Veeam Software

13 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
     13.1 Acronis International GmbH
     13.2 Asigra Inc.
     13.3 Barracuda Networks, Inc.
     13.4 Carbonite, Inc.
     13.5 Code42 Software, Inc.
     13.6 Datto, Inc.
     13.7 Druva Software
     13.8 Efolder, Inc.
     13.9 International Business Machines Corporation
     13.10 Iron Mountain Incorporated
     13.11 Microsoft Corporation
     13.12 Veeam Software

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 United States Dollar Exchange Rate, 2014-2016
Table 2 Cloud Backup Market Size, By Component, 2015-2022 (USD Million)
Table 3 Solution: Market Size, By Region, 2015-2022 (USD Million)
Table 4 Services: Market Size, By Region, 2015-2022 (USD Million)
Table 5 Cloud Backup Market Size, By Service, 2015-2022 (USD Million)
Table 6 Training and Consulting: Market Size, By Region, 2015-2022 (USD Million)
Table 7 Support and Maintenance: Market Size, By Region, 2015-2022 (USD Million)
Table 8 System Integration: Market Size, By Region, 2015-2022 (USD Million)
Table 9 Cloud Backup Market Size, By Service Provider, 2015-2022 (USD Million)
Table 10 Cloud Service Providers: Market Size, By Region, 2015-2022 (USD Million)
Table 11 Managed Service Providers: Market Size, By Region,  2015-2022 (USD Million)
Table 12 Telecom and Communication Service Providers: Cloud Backup Market Size, By Region, 2015-2022 (USD Million)
Table 13 Others: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Cloud Backup Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 15 Public Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 16 Private Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Hybrid Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 18 Cloud Backup Market Size, By Organization Size, 2015-2022 (USD Million)
Table 19 Small and Medium-Sized Enterprises: Market Size, By Region,  2015-2022 (USD Million)
Table 20 Large Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 21 Cloud Backup Market Size, By Vertical, 2015-2022 (USD Million)
Table 22 Banking, Financial Services, and Insurance: Market Size,  By Region, 2015-2022 (USD Million)
Table 23 Consumer Goods and Retail: Market Size, By Region,  2015-2022 (USD Million)
Table 24 Education: Market Size, By Region, 2015-2022 (USD Million)
Table 25 Government and Public Sector: Market Size, By Region,  2015-2022 (USD Million)
Table 26 Healthcare and Life Sciences: Market Size, By Region,  2015-2022 (USD Million)
Table 27 Manufacturing: Market Size, By Region, 2015-2022 (USD Million)
Table 28 Media and Entertainment: Market Size, By Region, 2015-2022 (USD Million)
Table 29 Telecommunication and ITes: Market Size, By Region,  2015-2022 (USD Million)
Table 30 Others: Market Size, By Region, 2015-2022 (USD Million)
Table 31 Cloud Backup Market Size, By Region, 2015-2022 (USD Million)
Table 32 North America: Cloud Backup Market Size, By Component, 2015-2022 (USD Million)
Table 33 North America: Market Size, By Service, 2015-2022 (USD Million)
Table 34 North America: Market Size, By Service Provider, 2015-2022 (USD Million)
Table 35 North America: Market Size, By Deployment Model,  2015-2022 (USD Million)
Table 36 North America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 37 North America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 38 Europe: Cloud Backup Market Size, By Component, 2015-2022 (USD Million)
Table 39 Europe: Market Size, By Service, 2015-2022 (USD Million)
Table 40 Europe: Market Size, By Service Provider, 2015-2022 (USD Million)
Table 41 Europe: Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 42 Europe: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 43 Europe: Market Size, By Vertical, 2015-2022 (USD Million)
Table 44 Asia Pacific: Cloud Backup Market Size, By Component, 2015-2022 (USD Million)
Table 45 Asia Pacific: Market Size, By Service, 2015-2022 (USD Million)
Table 46 Asia Pacific: Market Size, By Service Provider, 2015-2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Vertical, 2015-2022 (USD Million)
Table 50 Middle East and Africa: Cloud Backup Market Size, By Component,  2015-2022 (USD Million)
Table 51 Middle East and Africa: Market Size, By Service, 2015-2022 (USD Million)
Table 52 Middle East and Africa: Market Size, By Service Provider, 2015-2022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Vertical, 2015-2022 (USD Million)
Table 56 Latin America: Cloud Backup Market Size, By Component, 2015-2022 (USD Million)
Table 57 Latin America: Market Size, By Service Provider, 2015-2022 (USD Million)
Table 59 Latin America: Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 60 Latin America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 61 Latin America: Market Size, By Vertical, 2015-2022 (USD Million)
Table 62 Cloud Backup Market: Ranking Analysis

List of Figures
Figure 1 Cloud Backup Market: Market Segmentation
Figure 2 Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Cloud Backup Market: Assumptions
Figure 7 Solution Segment is Expected to Hold A Larger Market Size During the Forecast Period
Figure 8 Training and Consulting Services Segment is Expected to Hold the Largest Market Size During the Forecast Period
Figure 9 North America is Estimated to Hold the Largest Market Share in 2017
Figure 10 Segments With the Largest Market Shares of the Cloud Backup Market
Figure 11 Huge Volume of Generated Data and Growing Adoption of SaaS are Contributing to the Growth of the Cloud Backup Market in the Forecast Period
Figure 12 Public Cloud and North America are Estimated to Have the Largest Market Shares in 2017
Figure 13 Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 14 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Market Size in 2017
Figure 15 Cloud Backup Market: Drivers, Restraints, Opportunities,  and Challenges
Figure 16 Solution Segment is Expected to Have A Larger Market Size During the Forecast Period
Figure 17 Training and Consulting Services Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 18 Cloud Service Providers Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 19 Public Cloud Deployment Model is Expected to Hold the Largest Market Size During the Forecast Period
Figure 20 Large Enterprises Segment is Expected to Hold A Larger Market Size During the Forecast Period
Figure 21 Banking, Financial Services, and Insurance Vertical is Expected to Hold the Largest Market Size During the Forecast Period
Figure 22 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Microquadrant Chart
Figure 26 Product Offering Comparison
Figure 27 Business Strategy Comparison
Figure 28 Acronis International GmbH: Product Offering Scorecard
Figure 29 Acronis International GmbH: Business Strategy Scorecard
Figure 30 Asigra Inc.: Product Offering Scorecard
Figure 31 Asigra Inc.: Business Strategy Scorecard
Figure 32 Barracuda Networks, Inc.: Company Snapshot
Figure 33 Barracuda Networks, Inc.: Product Offering Scorecard
Figure 34 Barracuda Networks, Inc.: Business Strategy Scorecard
Figure 35 Carbonite, Inc.: Company Snapshot
Figure 36 Carbonite, Inc.: Product Offering Scorecard
Figure 37 Carbonite, Inc.: Business Strategy Scorecard
Figure 38 Code42 Software, Inc.: Product Offering Scorecard
Figure 39 Code42 Software, Inc.: Business Strategy Scorecard
Figure 40 Datto, Inc.: Product Offering Scorecard
Figure 41 Datto, Inc.: Business Strategy Scorecard
Figure 42 Druva Software: Product Offering Scorecard
Figure 43 Druva Software: Business Strategy Scorecard
Figure 44 Efolder, Inc.: Product Offering Scorecard
Figure 45 Efolder, Inc.: Business Strategy Scorecard
Figure 46 International Business Machines Corporation: Company Snapshot
Figure 47 International Business Machines Corporation: Product Offering Scorecard
Figure 48 International Business Machines Corporation: Business Strategy Scorecard
Figure 49 Iron Mountain Incorporated: Company Snapshot
Figure 50 Iron Mountain Incorporated: Product Offering Scorecard
Figure 51 Iron Mountain Incorporated: Business Strategy Scorecard
Figure 52 Microsoft Corporation: Company Snapshot
Figure 53 Microsoft Corporation: Product Offering Scorecard
Figure 54 Microsoft Corporation: Business Strategy Scorecard
Figure 55 Veeam Software: Product Offering Scorecard
Figure 56 Veeam Software: Business Strategy Scorecard

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FEATURED COMPANIES

  • Asigra Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Software
  • MORE

The cloud backup market is expected to grow from USD 1.30 Billion in 2017 to USD 4.13 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The demand for cloud backup is driven by many factors, such as increasing generation of huge volumes of data and lower costs and greater efficiency than on-premises backup.

The cloud backup market has been segmented on the basis of components, service providers, deployment models, organization size, verticals, and regions. The services segment is expected to grow at the highest CAGR during the forecast period and the training and consulting services segment is estimated to have the largest market size in 2017 in the cloud backup market. Cloud backup offers capabilities such as data retention, data protection, monitoring and reporting, and centralized management. Adoption of cloud backup services among the enterprises has increased due to its benefits, such as improved scalability, low infrastructure cost, faster deployments, improved productivity and performance, and decrease in business downtime and losses.

The public cloud deployment model is estimated to hold the largest market share in 2017. By using cloud backup, enterprises are developing new and better ways to enhance operational benefits, while reducing costs. Lower costs and greater efficiency than on-premises backup and growing adoption of SaaS are driving the demand for cloud backup solutions and services. The enterprises, which are implementing cloud backup, are increasingly inclined toward deploying cloud-based services to store and manage their business-critical data.

North America is estimated to have the largest market share in 2017, whereas the Asia-Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the cloud backup market. An increasing need for data management services and shifting of workload to cloud environment are driving the demand for cloud backup globally.

Cloud Backup Market

Adoption of cloud backup is increasing in the market, owing to the growing awareness about cloud-based backup benefits among enterprises and lowering the operational overheads. However, enterprises face some obstacles while adopting cloud backup, such as bandwidth limitations, difficulty in achieving compliance, and rising concerns regarding data privacy and governance.

The major vendors providing cloud backup are Acronis International GmbH (Switzerland), Asigra Inc. (Canada), Barracuda Networks, Inc. (US), Carbonite, Inc. (US), Code42 Software, Inc. (US), Datto, Inc. (US), Druva Software (US), International Business Machines Corporation (IBM; US), Iron Mountain Incorporated (US), Microsoft Corporation (US), Oracle Corporation (US), and Veeam Software (Switzerland). These players have adopted various strategies, such as new product developments, mergers and acquisitions, collaborations, and partnerships, to expand their presence in the global cloud backup market.

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  • Acronis International GmbH
  • Asigra Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Software
  • Efolder, Inc.
  • International Business Machines Corporation
  • Iron Mountain Incorporated
  • Microsoft Corporation
  • Veeam Software
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