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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
Frequently Asked Questions about the Global Market for Cloud Backup

What is the estimated value of the Global Market for Cloud Backup?

The Global Market for Cloud Backup was estimated to be valued at $2.0 Billion in 2020.

What is the growth rate of the Global Market for Cloud Backup?

The growth rate of the Global Market for Cloud Backup is 22.8%, with an estimated value of $8.4 Billion by 2027.

What is the forecasted size of the Global Market for Cloud Backup?

The Global Market for Cloud Backup is estimated to be worth $8.4 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • 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

III. MARKET ANALYSIS

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