Market Overview:
The global cloud backup market reached a value of US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting a CAGR of 20.41% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cloud backup, also known as online backup, helps send a copy of a file to a secondary, off-site location for preservation in case of hardware/software failures or unforeseen disasters. The secondary server is usually hosted by a third-party service provider that charges the user a fee depending on the data transmission bandwidth, storage space or capacity used, and the number of times the data has been accessed. Cloud backup supports the data protection of an enterprise without increasing the workload of the information technology (IT) staff. Consequently, it is used by small and medium-sized businesses (SMBs), as well as larger enterprises around the world.
One of the major trends strengthening the global cloud backup market growth is the availability of cloud backup for virtual machines, which has become an integral part of the information technology (IT) infrastructure. Many enterprises are focusing on achieving virtualization as it offers several benefits, such as better utilization of system resources. Apart from this, the demand for cloud backup is escalating due to lower costs, greater efficiency than on-premises backup and a significant increase in the volume of data generated across various industries. Furthermore, the application of cloud backup is expanding on account of the growing adoption of software as a service (SaaS) model and the emergence of new technologies, such as big data, the Internet of Things (IoT) and Artificial Intelligence (AI). Besides this, the rising utilization of mobile devices is anticipated to provide lucrative opportunities for the leading players in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud backup market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, service provider, organization size, deployment mode and vertical.
Breakup by Component:
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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Vmware Inc. (Dell Technologies).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Service Provider, Organization Size, Deployment Mode, Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 and Vmware Inc. (Dell Technologies) |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global cloud backup market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cloud backup market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the service provider?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cloud backup market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cloud Backup Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Provider
7.1 Cloud Service Provider
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Telecom and Communication Service Provider
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Managed Service Provider
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Deployment Mode
9.1 Public Cloud
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Private Cloud
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hybrid Cloud
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Vertical
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Consumer Goods and Retail
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Education
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Government and Public Sector
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Healthcare and Life Sciences
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Manufacturing
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Media and Entertainment
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Telecommunication and ITES
10.8.1 Market Trends
10.8.2 Market Forecast
10.9 Others
10.9.1 Market Trends
10.9.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Acronis International GmbH (Acronis AG)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Asigra Inc
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Barracuda Networks Inc. (Thoma Bravo LP)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Carbonite Inc. (OpenText Corporation)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Code42 Software Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Datto Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Dropbox Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 International Business Machines Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Microsoft Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Oracle Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Veeam Software GmbH
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.13 Vmware Inc. (Dell Technologies)
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Cloud Backup Market: Major Drivers and Challenges
Figure 2: Global: Cloud Backup Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cloud Backup Market: Breakup by Component (in %), 2021
Figure 4: Global: Cloud Backup Market: Breakup by Service Provider (in %), 2021
Figure 5: Global: Cloud Backup Market: Breakup by Organization Size (in %), 2021
Figure 6: Global: Cloud Backup Market: Breakup by Deployment Mode (in %), 2021
Figure 7: Global: Cloud Backup Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Cloud Backup Market: Breakup by Region (in %), 2021
Figure 9: Global: Cloud Backup Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Cloud Backup (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cloud Backup (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cloud Backup (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cloud Backup (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cloud Backup (Cloud Service Provider) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cloud Backup (Cloud Service Provider) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cloud Backup (Telecom and Communication Service Provider) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cloud Backup (Telecom and Communication Service Provider) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cloud Backup (Managed Service Provider) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cloud Backup (Managed Service Provider) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cloud Backup (Other Service Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cloud Backup (Other Service Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cloud Backup (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cloud Backup (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cloud Backup (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cloud Backup (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Cloud Backup (Public Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Cloud Backup (Public Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Cloud Backup (Private Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Cloud Backup (Private Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Cloud Backup (Hybrid Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Cloud Backup (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Cloud Backup (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Cloud Backup (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Cloud Backup (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Cloud Backup (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Cloud Backup (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Cloud Backup (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Cloud Backup (Government and Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Cloud Backup (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Cloud Backup (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Cloud Backup (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Cloud Backup (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Cloud Backup (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Cloud Backup (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Cloud Backup (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Cloud Backup (Telecommunication and ITES) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Cloud Backup (Telecommunication and ITES) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Cloud Backup (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Cloud Backup (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United States: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United States: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Canada: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Canada: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Asia Pacific: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Asia Pacific: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: China: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: China: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Japan: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Japan: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: India: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: India: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: South Korea: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: South Korea: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Australia: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Australia: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Indonesia: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Indonesia: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Europe: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Europe: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Germany: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Germany: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: France: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: France: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: United Kingdom: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: United Kingdom: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Italy: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Italy: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Spain: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Spain: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Russia: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Russia: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Latin America: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Latin America: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Brazil: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Brazil: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Mexico: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Mexico: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Others: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Others: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Middle East and Africa: Cloud Backup Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Middle East and Africa: Cloud Backup Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Global: Cloud Backup Industry: SWOT Analysis
Figure 99: Global: Cloud Backup Industry: Value Chain Analysis
Figure 100: Global: Cloud Backup Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Cloud Backup Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cloud Backup Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Cloud Backup Market Forecast: Breakup by Service Provider (in Million US$), 2022-2027
Table 4: Global: Cloud Backup Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Cloud Backup Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 6: Global: Cloud Backup Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 7: Global: Cloud Backup Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Cloud Backup Market Structure
Table 9: Global: Cloud Backup Market: Key Players