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Cloud Backup Market Size Going To Hit 11.0 Billion by 2028, With a CAGR of 19.9%- IMARC Group Report

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Cloud Backup Market Size Going To Hit 11.0 Billion by 2028, With a CAGR of 19.9%- IMARC Group Report

March 20
19:14 2023
Cloud Backup Market Size Going To Hit 11.0 Billion by 2028, With a CAGR of 19.9%- IMARC Group Report
Global cloud backup market size reached US$ 3.7 Billion in 2022 and IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9%.

The latest report by IMARC Group, titled “Cloud Backup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global cloud backup market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.9% during 2023-2028.

Cloud backup, also called online backup, represents a third-party service that helps organizations in sending a copy of a file to a secondary and off-site location for preservation in case of hardware or software failures and unforeseen disasters. It stores data and applications on a remote server. In line with this, cloud backup supports the data protection of an enterprise without increasing the workload of the information technology (IT) staff. As compared to traditional physical disaster recovery systems, it is more cost-effective, flexible, and provides on-demand scalability. Consequently, cloud backup is extensively used by small and medium-sized businesses (SMBs) across the globe.

Request For a PDF Sample of The Report: https://www.imarcgroup.com/cloud-backup-market/requestsample

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Cloud Backup Market Trends:

The growing instances of data breaches and the inflating popularity of virtualization across businesses for better utilization of system resources are primarily driving the cloud backup market. Additionally, the introduction of digital banking and continuous technological advancements, including the rising integration of the Internet of Things (IoT) and Artificial Intelligence (AI), are further bolstering the market growth. Besides this, the widespread adoption of cloud backup, as it provides better business agility, scalability, innovation, customization, and security, is acting as another significant growth-inducing factor. Moreover, the escalating demand for cloud computing in the banking, financial services, and insurance (BFSI) industry is positively influencing the global market. Apart from this, the increasing number of data generation is also stimulating market growth. Furthermore, the development of software as a service (SAAS) and hybrid models is anticipated to fuel the cloud backup market over the forecasted period.

Cloud Backup Market Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

  • Acronis International GmbH (Acronis AG)
  • Amazon Web Services Inc. (Amazon.com Inc.)
  • Asigra Inc.
  • Barracuda Networks Inc. (Thoma Bravo LP)
  • Carbonite Inc. (OpenText Corporation)
  • Code42 Software Inc.
  • Datto Inc.
  • Dropbox Inc.
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Veeam Software GmbH
  • Vmware Inc. (Dell Technologies).

 

Key Market Segmentation:

The report has categorized the market based on component, service provider, organization size, deployment mode, vertical and tregion.

Breakup by Component:

  • Solutions
  • Services

 

Breakup by Service Provider:

  • Cloud Service Provider
  • Telecom and Communication Service Provider
  • Managed Service Provider
  • Others

 

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

 

Breakup by Deployment Mode:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

 

Breakup by Vertical:

  • BFSI
  • Consumer Goods and Retail
  • Education
  • Government and Public Sector
  • Healthcare and Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Telecommunication and ITES
  • Others

 

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

 

Speak To Analyst For Customization of The Report https://www.imarcgroup.com/request?type=report&id=2455&flag=C

Key Highlights of The Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Cloud System Management Market Industry Research Report

Mobile Commerce Market Industry Research Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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