Report overview
Cloud backup involves backing up of electronic data by sending a copy of the data over the proprietary or public network to a remote network server. Recovery and cloud backup play a vital role in business continuity strategy. The adoption of cloud backup provides additional benefits such as cost saving, and security, storage, and virtualization of the data. Cloud storage solutions provide infrastructure and application support to enterprises at a lower cost than on-premises storage solutions.
This report aims to provide a comprehensive presentation of the global market for Cloud Backup & Recovery Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud Backup & Recovery Software. This report contains market size and forecasts of Cloud Backup & Recovery Software in global, including the following market information:
Global Cloud Backup & Recovery Software Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Cloud Backup & Recovery Software market was valued at US$ 7719.3 million in 2022 and is projected to reach US$ 25720 million by 2030, at a CAGR of 18.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The cloud backup & recovery software market is driven by the need for companies to reduce their IT expenditure, increase in demand for cloud-based services across several industry verticals, and surge in backup requirements of enterprises. Furthermore, emergence of IaaS and on-demand cloud providers, increased adoption of smart devices and tablets, and high demand for big data and social networking present numerous opportunities for market progression.
Hybrid is expected to grow at a significant pace during the forecast period. The IT & telecom segment led the market in 2017, and is expected to continue to this trend in the near future. Furthermore, North America is expected to dominate overall market during the forecast period, as it is the highest adopter of cloud storage solutions.
We surveyed the Cloud Backup & Recovery Software 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 & Recovery Software Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Cloud Backup & Recovery Software Market Segment Percentages, by Type, 2022 (%)
Private
Public
Hybrid
Global Cloud Backup & Recovery Software Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Cloud Backup & Recovery Software Market Segment Percentages, by Application, 2022 (%)
BFSI
Government
Healthcare
Telecom & IT
Retail
Manufacturing
Others
Global Cloud Backup & Recovery Software Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Cloud Backup & Recovery Software Market Segment Percentages, By Region and Country, 2022 (%)
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 & Recovery Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Cloud Backup & Recovery Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Veritas Technologies LLC
Veeam Software
Commvault
IBM Corporation
Dell EMC
Broadcom
Symantec Corporation
Microsoft Corporation
Hewlett Packard Enterprise
Actifio
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cloud Backup & Recovery Software, market overview.
Chapter 2: Global Cloud Backup & Recovery Software market size in revenue.
Chapter 3: Detailed analysis of Cloud Backup & Recovery Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cloud Backup & Recovery Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
