Report overview
Increasing focus on reducing IT expenditure drives the global cloud backup & recovery software market. Moreover, rising demand for cloud based services across several industry verticals and growing backup requirements of enterprises drives the growth of the global cloud backup & recovery software market. However, latency in data retrieval and interruptions as well as storage management and securing backups are expected to impede the market growth. Increasing adoption of these solutions among SME?s and emergence of new trends such as Infrastructure as a service (IaaS), IoT in the market is expected to provide numerous opportunities for the market.
This report contains market size and forecasts of Cloud Backup and Recovery in Global, including the following market information:
Global Cloud Backup and Recovery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Cloud Backup and Recovery market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Private Cloud Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Cloud Backup and Recovery include Veritas Technologies, Veeam Software, Commvault, Acronis, Dell EMC, Rubrik, Cohesity, Druva and Actifio. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Cloud Backup and Recovery companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cloud Backup and Recovery Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Cloud Backup and Recovery Market Segment Percentages, by Type, 2021 (%)
Private Cloud
Public Cloud
Hybrid Cloud
Global Cloud Backup and Recovery Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Cloud Backup and Recovery Market Segment Percentages, by Application, 2021 (%)
BFSI
Government
Healthcare
Telecom & IT
Retail
Manufacturing
Others
Global Cloud Backup and Recovery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Cloud Backup and Recovery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cloud Backup and Recovery revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Cloud Backup and Recovery revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Veritas Technologies
Veeam Software
Commvault
Acronis
Dell EMC
Rubrik
Cohesity
Druva
Actifio
