Cloud Backup Market Challenges, Segments, Growth, Key Vendors, Drivers and Trends by Forecast to 2023

Cloud Backup Market, By Solution (Primary storage, Disaster recovery and backup storage) - Forecast 2023

Pune, India - August 22, 2017 /MarketersMedia/ —

Market Highlights:
According to a recent study report published by the Market Research Future, The global market of Cloud Backup is forecasted to gain prominence over the forthcoming years. The Market is forecasted to reach to USD 5.66 Billion by 2023 growing with a striking double digit CAGR of 21.4 % of during the forecast period 2017-2023.

Cloud Backup Market is also known as Online Backup or Cloud Computer Backup. This refers to backing up of data to a remote, cloud-based server. It is a method of supporting the data that is stored in and accessible from multiple distributed and connected resources that comprises a cloud for transferring data over the public cloud with less consumption of bandwidth. The server is usually hosted by a third party service providers. These solutions enable the client to store their data or files on the internet. It collects, compresses, encrypts and transfers data to the requested clients without consuming much time and bandwidth.

The study indicates that the Cloud Backup Market is boosted by its solution of making right and informed decisions to achieve the desire outcomes. The cloud backup is also driven by security, storage, savings, and virtualization to a hybrid cloud solution for the data security. It also indicates that the cloud backup is driven by many factors, such as huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS.

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Major Key Players:
• Microsoft Corporation (U.S)
• Oracle Corporation (U.S)
• IBM Corporation (U.S)
• Amazon Web Services. (U.S)
• EMC Corporation (U.S)
• Google Inc. (U.S)
• VMware Inc. (U.S)
• Dropbox, Inc. U.S.)
• Barracuda Networks, Inc. (US)
• Veeam Software (Switzerland)
• Datto, Inc. (U.S.)
• Druva Software (US)
• Code42 Software, Inc. (US)

Cloud Backup Market Segmentation:
The Cloud Backup Market has been segmented on the basis of solution, services, deployment, end-user and region. Looking through the end-user segment it has been observed that telecommunication and IT sector is showing a rapid growth of usage of the Cloud Backup. The study indicates that the BFSI and government sector is also showing a positive sign in graph in term of high usage of cloud backup.

Market Research Analysis:
On geographic basis, Cloud Backup Market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading Cloud Backup in the market and is expected to grow with a high rate as well as hold the largest market share. In the Europe region there has been a major focus onto the online secure data storage system and is expected to gain a major traction during the forecast period. The study shows that developing economies in Asia Pacific region like China, Japan, India and others has a significantly growing well in Cloud Backup market.

Intended Audience
• Software investors
• Cloud vendors
• Application design and development service providers
• System integrators/migration service providers
• Training and education service providers
• Data integration service providers
• Managed service providers
• Data quality service providers
• Security Management Service Provider
• Security Equipment Providers
• Security Agencies
• System Integrators

Regional Analysis:
The regional analysis of Cloud Backup market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. Cloud Backup has driven due to its solutions like storage, simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise's other applications, data de-duplication, customer support and many others services.

It has been observed that North America region is the leading in Cloud Backup market. The study reveals that Europe region is showing a rapid growth in the Cloud Backup market. Asia-Pacific countries like China, Japan and India is projected to be the fastest growing region in the Cloud Backup market due to the increasing size of high data generation in many countries.

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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Cloud Backup Market: By Solution
1.3.2 Global Cloud Backup Market: By Services
1.3.3 Global Cloud Backup Market: By Deployment
1.3.4 Global Cloud Backup Market: By Organization Size
1.3.5 Global Cloud Backup Market: By End-User
1.3.6 Global Cloud Backup Market: By Region
Continued…..

List of Tables
Table 1 Cloud Backup Market, By Solution
Table 2 Cloud Backup Market, By Services
Table 3 Cloud Backup Market, By Deployment
Continued…..

List of Figures
Figure 1 Research Solution
Figure 2 Cloud Backup Market: By Solution (%)
Figure 3 Cloud Backup Market: By Services (%)
Continued…..

About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Akash Anand
Email: [email protected]
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,
Phone: +1 646 845 9312

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Release ID: 230030