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Title Cloud Backup Market Growth, Size, Share, Opportunities, Industry Analysis & Forecast to 2029
Category Business --> Telecommunications
Meta Keywords Cloud Backup Market
Owner rushikesh

Cloud Backup Market  was valued at US$ 11.62 Bn in 2022. The Global Cloud Backup Market size is estimated to grow at a CAGR of 9.56% over the forecast period.

Cloud Backup Market Overview:

The purpose of this research is to offer an overview of the Cloud Backup industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Cloud Backup organizations, as well as major industry trends and possibilities.

The analysis also includes information on the top industry players in the Global Cloud Backup market, such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Cloud Backup Market Size from a global perspective, analyzing historical data and creating estimates.

Market Scope:

Following the completion of market engineering, which comprised market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to obtain information and verify and validate important numbers. To acquire market assessment and forecasts for the overall market segments and sub-segments presented in the Cloud Backup market study, both top-down and bottom-up methodologies, as well as many data triangulation methods, were frequently employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

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By Organization Size

The big firm's market share reached its maximum point in 2022, exceeding 51.5%. Reduced operating expenses, improved teamwork, increased flexibility, and quicker time to market are driving demand. Thanks to cloud computing, businesses can delegate routine work to technology that can finish them more swiftly. As a result, it is projected that increasing usage in large enterprises to streamline operations will boost the segment's growth. Over the anticipated period, demand for cloud computing services would increase as more large businesses expanded in both developed and emerging nations.

By Vertical

The BFSI segment had the biggest revenue share in 2022, exceeding 25%. Due to an increase in online banking activity in the BFSI sector, lenders have implemented digital transformation, with cloud computing playing a vital role in this approach. Cloud computing has helped organisations in the BFSI sector decrease costs, encourage innovation, improve customer interactions, and increase flexibility. The way that individuals often communicate and conduct business has changed as a result of the COVID-19 pandemic. The adoption of cloud services for client data storage and management is responsible for the expansion. Payment gateways, online fund transfers, digital wallets, and unified customer experiences, among other services, are anticipated to play a big part in the BFSI sector and support the overall

1. Global Cloud Backup Size, by Components (2022-2029)
• Solution
• Services

2. Global Cloud Backup Size, by Service Provider (2022-2029)
• Managed Service Providers
• Telecom & Communication Services
• Cloud Service Providers
• Others

3. Global Cloud Backup Size, by Deployment Model (2022-2029)
• Hybrid Cloud
• Public Cloud
• Private Cloud

4. Global Cloud Backup Size, by Organization Size (2022-2029)
• Small and Medium Size Enterprises
• Large Enterprises

5. Global Cloud Backup Size, by Vertical (2022-2029)
• Government and Public Sector
• Manufacturing
• IT and telecom
• Healthcare & Life Sciences
• Consumer Goods and Retail
• Education
• Energy
• Others

Key Players:

Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Cloud Backup market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Cloud Backup industry.

1. Asigra Inc.
2. Carbonite, Inc.
3. Datto, Inc.
4. Efolder, Inc.
5. Iron Mountain Incorporated
6. Veeam Software
7. Acronis International GmbH
8. Barracuda Networks, Inc.
9. Code42 Software, Inc.
10. Druva Software
11. IBM Corporation
12. Microsoft Corporation
13. Carbonite, Inc.
14. Oracle Corporation
15. EMC Corporation
16. VMware Inc.
17. Google Inc.
18. Amazon Web Services.
19. CommVault Software
20. Symantec Corporation
21. Dropbox, Inc.

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Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Cloud Backup market in these regions.

COVID-19 Impact Analysis on Cloud Backup Market:

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Cloud Backup market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the Cloud Backup Market Report are:

  • What will be the Cloud Backup market's CAGR throughout the projected period?
  • Which market category emerged as the market leader in the Cloud Backup industry?
  • Who are the key players in the Cloud Backup market?
  • How big will the Cloud Backup market be in 2027?
  • Which firm had the biggest market share in the Cloud Backup industry?

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