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Cloud Backup - Global Market Trajectory & Analytics

  • ID: 4804287
  • Report
  • April 2021
  • Region: Global
  • 226 pages
  • Global Industry Analysts, Inc
Global Cloud Backup Market to Reach $8.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Cloud Backup estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at a CAGR of 22.9% over the period 2020-2027. Large Enterprises, one of the segments analyzed in the report, is projected to record 19.8% CAGR and reach US$4.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small & Medium Enterprises (SMEs) segment is readjusted to a revised 26.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $595.2 Million, While China is Forecast to Grow at 22.5% CAGR

The Cloud Backup market in the U.S. is estimated at US$595.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 22.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 19.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR.

Select Competitors (Total 43 Featured):
  • Acronis International GmbH
  • Asigra, Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Inc.
  • eFolder, Inc.
  • IBM Corporation
  • Iron Mountain Inc.
  • Microsoft Corporation
  • Veeam Software AG
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Cloud Backup Market: A Prelude
  • Solutions Segment Holds Largest Market Share
  • Impact of Covid-19 and a Looming Global Recession
  • Cloud Backup Application Trends in Small and medium-sized businesses (SMBs)
  • Top Threats in Cloud Backup Data Security Market
  • Challenges Confronting the Cloud Backup Market
  • Top Seven Cloud Backup Services
  • Adoption Trends of Cloud Backup and Recovery Market
  • Cloud Backup Demand on Rise
  • Rise in High Volume Data Generation and Concern about the Data Security Fuels the Demand for Cloud Backup
  • Innovations
  • Rise in Mobile Devices Adoption Drives the Demand for Cloud Backup Market
  • Regulatory Guidelines
  • Product Overview

  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown