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Global Cloud Backup Market (2021-2026) by Component, Service Provider, Deployment Model, Organization Size, Vertical & Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 186 Pages
  • November 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5503444
The Global Cloud Backup Market is estimated to be USD 6.15 Bn in 2021 and is expected to reach USD 10.72 Bn by 2026, growing at a CAGR of 11. 75%.

Market Dynamics

Cloud backup enables easy management and access of data from anywhere using an internet connection as the organization requires. It enables continuous and automatic backup to the cloud, making it easy to manage huge volumes of data. Rising adoption of cloud backup solutions and services, lower costs and greater efficiency than on-premises backup, growing adoption of SaaS, and increased focus on reducing IT spending are driving the market growth.

However, limited bandwidth for data retrieval and resistance to adoption due to the time-consuming recovery process are the factors that may hinder the growth of the Global Cloud Backup Market.

Market Segmentation

The Global Cloud Backup Market is segmented further by Component, Service Provider, Deployment Model, Organization Size, Vertical & Geography.

By Component, the Global Cloud Backup Market is classified into Solution and Service sectors.

By Service Provider, the Global Cloud Backup Market is classified into Telecom Service Providers, Cloud Service providers and, Others.

By Deployment Models, the Global Cloud Backup Market is classified into Public, Private and Hybrid Cloud.

By Organization Size, the Global Cloud Backup Market is classified into Large Enterprises and Small & Medium-Sized Enterprises.

By Vertical, the Global Cloud Backup Market is classified into BFSI, Education, Healthcare, Life Sciences, Telecommunication, Media, and Entertainment and Others.

By Geography, North America is expected to lead the market.

Recent Developments

1. IDrive Cloud Backup has released IDrive® Mirror, providing secure, cloud-based full image backups for Windows computers and server operating systems for protection against data loss and dreaded ransomware. - 20th May 2021
2. Google announced that its free unlimited photo backup was going to end and it would all fall under the free shared 15GB get you with Google’s other services, like Gmail and Google Drive - 16th May 2021

Company Profiles

Some of the companies covered in this report are Acronis International GmbH, Google Inc., Asigra Inc., Barracuda Networks, Inc., Carbonite, Inc., Datto, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Efolder Inc., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Cloud Backup Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Cloud Backup Market

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

The Global Cloud Backup Market was estimated to be valued at $6150 Million in 2021.

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

The growth rate of the Global Cloud Backup Market is 11.8%, with an estimated value of $10720 Million by 2026.

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

The Global Cloud Backup Market is estimated to be worth $10720 Million by 2026.

Who are the key companies in the Global Cloud Backup Market?

Key companies in the Global Cloud Backup Market include Acronis International GmbH, Google Inc., Asigra Inc., Barracuda Networks, Inc., Carbonite, Inc., Code42 Software, Inc., Datto, Inc., Druva Inc. and Iron Mountain Incorporated.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rising Adoption of Cloud Backup Solution and Services
4.1.2 Lower Costs and Greater Efficiency than On-Premises Backup
4.1.3 Growing Adoption of Saas and Increased Focus on Reducing IT Spending
4.2 Restraints
4.2.1 Resistance to the Adoption Due to Time Consuming Recovery Process
4.2.2 Limited Bandwidth for Data Retrieval
4.3 Opportunities
4.3.1 Growing Adoption Among SMEs
4.3.2 High Adoption Rate of Hybrid Cloud
4.4 Challenges
4.4.1 Difficulty in Achieving Compliance
4.4.2 Rising Concerns Regarding Data Privacy and Governance
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Cloud Backup Market, By Component
6.1 Introduction
6.2 Solution
6.3 Service
6.3.1 Training and Consulting
6.3.2 Support and Maintenance
6.3.3 System Integration
7 Global Cloud Backup Market, By Service Provider
7.1 Introduction
7.2 Cloud Service Provider
7.3 Telecom and Communication Service Provider
7.4 Managed Service Provider
7.5 Others
8 Global Cloud Backup Market, By Deployment Model
8.1 Introduction
8.2 Public cloud
8.3 Private cloud
8.4 Hybrid cloud
9 Global Cloud Backup Market, By Organization Size
9.1 Introduction
9.2 Large enterprises
9.3 Small and Medium-sized Enterprises (SMEs)
10 Global Cloud Backup Market, By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance (BFSI)
10.3 Education
10.4 Healthcare and Life Sciences
10.5 Manufacturing
10.6 Media and Entertainment
10.7 Telecommunication and ITES
10.8 Others
11 Global Cloud Backup Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Chile
11.3.4 Colombia
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Netherlands
11.4.7 Sweden
11.4.8 Russia
11.4.9 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Sri Lanka
11.5.9 Thailand
11.5.10 Rest of APAC
11.6 Middle-East and Africa
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
12 Competitive Landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Acronis International GmbH
13.2 Google Inc.
13.3 Asigra Inc.
13.4 Barracuda Networks, Inc.
13.5 Carbonite, Inc.
13.6 Code42 Software, Inc.
13.7 Datto, Inc.
13.8 Druva Inc.
13.9 IBM Corporation
13.10 Iron Mountain Incorporated
13.11 Microsoft Corporation
13.12 Oracle Corporation
13.13 Veeam Software
13.14 Efolder Inc.
13.15 VMware Inc.
13.16 Veritas Software Corporation
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Acronis International GmbH
  • Google Inc.
  • Asigra Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Inc.
  • IBM Corporation
  • Iron Mountain Incorporated
  • Microsoft Corporation
  • Oracle Corporation
  • Veeam Software
  • Efolder Inc.
  • VMware Inc.
  • Veritas Software Corporation