The global cloud backup market is forecast to reach USD 15.08 Billion by 2028, according to a new report by Reports and Data. The cloud backup solutions provide a virtual remote server storage for the data and applications of any businesses or individuals. Most organizations opt to back up all the important business and operational data to the cloud to keep them readily available in case of a system failure, outage or any unpleasant disaster. The cloud server backup has been compulsory for most of the organizations for their critical data and a virtual storage server for remote accessibility. The global cloud backup market is growing predominantly as the amount of data is being elevated globally. The inclination towards digitization across all the industry verticals have been the primary reason the cloud backup solution is earnestly demanded. SMEs are forecasted to contribute remarkably in the forecast period due to a massive adoption of the cloud deployment for their internal data and applications. APAC is forecasted to achieve the fastest growth of about 32.8% in the period 2019 – 2026, due to an increase in the cloud deployment of data in the countries like China, Singapore, and India. North America holds the highest market share of 37.6% in 2018 because of the prodigious rate of deployment of the cloud backup solutions.

APAC is forecasted to achieve the fastest growth of about 32.8% in the period 2019 – 2026, due to the increasing cloud deployment of data in countries like China, Singapore, and India. North America holds the highest market share of 37.6% in 2018, mainly because of the prodigious rate of deployment of cloud Periodic Backup solutions.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2397

The global cloud backup market is currently experiencing significant growth, driven primarily by the exponential increase in data volume on a global scale. This surge in data generation is a direct result of the widespread shift towards digitization across various industry verticals. As organizations across the board embrace digital technologies, they are generating and accumulating vast amounts of data, ranging from customer information to operational data and beyond. This growing digital transformation has propelled the demand for cloud backup solutions to secure and manage this invaluable data effectively.

One of the key drivers behind the adoption of cloud backup solutions is the desire to reduce reliance on physical storage devices within organizations. Traditional data storage solutions, such as on-premises servers and external hard drives, not only incur significant hardware costs but also require maintenance, physical space, and are vulnerable to data loss due to various reasons. Cloud backup offers an attractive alternative, as it eliminates the need for these physical storage devices, resulting in cost savings and greater operational efficiency.

Additionally, the escalating concern over ransomware threats has played a pivotal role in promoting the adoption of cloud backup services. Ransomware attacks can result in data encryption or theft, making data recovery a crucial concern for businesses. By backing up critical files and data on cloud servers, organizations can significantly enhance their data security and resilience against such threats, ensuring business continuity and data integrity.

Small and Medium-sized Enterprises (SMEs) are expected to make a substantial contribution to the cloud backup market in the forecast period. SMEs, often with limited IT resources, have recognized the advantages of cloud deployment for safeguarding their internal data and applications. Cloud backup solutions offer them scalability, cost-effectiveness, and accessibility, making them an ideal choice for businesses of this size.

Furthermore, the market is witnessing the emergence of hybrid cloud backup solutions, offered by prominent players in the industry. Hybrid servers combine on-premises infrastructure with cloud-based services, allowing organizations to maintain control over critical data while also benefiting from the flexibility and scalability of the cloud. As these hybrid solutions gain traction, they are projected to capture a significant portion of the market share by the end of the forecast period.

In summary, the global cloud backup market is on a growth trajectory, fueled by the increasing volume of data, the digital transformation wave across industries, the desire to reduce physical storage costs, and the pressing need to protect against ransomware threats. SMEs and hybrid cloud solutions are poised to play a pivotal role in shaping the market's landscape in the foreseeable future.

Top of Form

some leading companies operating in the global Cloud Backup Market:

Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, NetApp, Acronis International Gmbh, IBM Corporation, Efolder, Inc., Datto, Inc., and Code42 Software, Inc.

Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/2397

The global market is further segmented into type and application:

Type Outlook (Revenue: USD Billion; 2018-2028)

  • Solution
  • Service

Type of Periodic Backup Outlook (Revenue: USD Billion; 2018-2028)

  • Periodic Periodic Backup
  • Incremental
  • Differential
  • Periodic Periodic Backup
  • Mirror Periodic Backup

Component Outlook (Revenue: USD Billion; 2018-2028)

  • Data Storage
  • Data Archiving & Application Hosting
  • Cloud Integration & Migration
  • Security & Encryption
  • Latency & Auto-Scaling
  • Support & Maintenance
  • Training & Consulting
  • Others

Type of Cloud Outlook (Revenue: USD Billion; 2018-2028)

  • Public
  • Private
  • Hybrid

Organization Size Outlook (Revenue: USD Billion; 2018-2028)

  • Large Enterprises
  • SMEs

End-Use Industries Outlook (Revenue: USD Billion; 2018-2028)

  • IT & Telecommunication
  • BFSI
  • Government & Public Sectors
  • Retail & E-commerce
  • Media & Entertainment
  • Healthcare Sectors
  • Manufacturing Industries
  • Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2397

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Explore More Industry Research by Reports and Data:

Nanosatellite and Microsatellite Market - https://www.reportsanddata.com/report-detail/nanosatellite-and-microsatellite-market

Sandboxing Market - https://www.reportsanddata.com/report-detail/sandboxing-market

Disaster Recovery as a Service (DRaaS) Market - https://www.reportsanddata.com/report-detail/disaster-recovery-as-a-service-draas-market

Railway Management System Market - https://www.reportsanddata.com/report-detail/railway-management-system-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse More ICT Industry Related Reports @ https://www.reportsanddata.com/report/category/information-technology

Browse More Automotive and Transportation Industry Related Reports @ https://www.reportsanddata.com/report/category/automotive-services

Browse More Banking, Financial Services & Insurance (BFSI)  Industry Related Reports @ https://www.reportsanddata.com/report/category/bfsi

Browse More Defence And Space Industry Related Reports @ https://www.reportsanddata.com/report/category/defence-and-space