Global Cloud Backup Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global cloud backup market in its upcoming report titled, “Global Cloud Backup Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global cloud backup market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global cloud backup market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global cloud backup market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cloud backup market report has been segmented on the basis of deployment, solution, end user, and region.

Cloud backup is also known as online backup or remote backup. It is a service through which cloud computing resources and infrastructure are used to create, edit, manage and restore data, services or application backup. This is done remotely over the internet. It provides to store data, access, and transfer data over public cloud with less usage of bandwidth.

Increasing demand for cloud backup, owing to huge volume of data generation, lower costs and greater efficiency than on-premises backup is a key factor driving growth of the global cloud backup market. in addition, increasing adoption of cloud backup solution, owing to factors such as simple management and monitoring, real-time backup and recovery, data deduplication, and customer support. Moreover, security, storage, savings, and virtualization to a hybrid cloud solution for data security are other factors expected to fuel growth of the global cloud backup market over the forecast period.

Rising concerns about data security and data theft is the major factor expected to restrain market growth over the forecast period. Also, unavailability of internet facility in the rural area of some developing region is another factor hampering growth of the global cloud backup market.

Moreover, increasing adoption for cloud based services and solutions in industrial sector across the globe is the ongoing trend observed, which is expected to support market growth in the near future. The market players are engaged in developing more convenient solutions for easy access of data on cloud servers, coupled with rising trend of video–on–demand feature that uses cloud services to share cloud data with the audience can be a potential opportunity for market players over the forecast period.

Currently, the market in North America dominates the global cloud backup market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for cloud backup services and high internet penetration are expected to boost growth of the global cloud backup market.

Global Cloud Backup Market Segmentation:

Global cloud backup market segmentation by deployment:

• Public cloud deployment
• Private cloud deployment

Global cloud backup market segmentation by solution:

• Primacy storage
• Backup storage
• Gateway solution
• Data movement & access solution

Global cloud backup market segmentation by end user:

• Banking, financial services & insurance (BFSI)
• Telecommunication
• Consumer goods & retail
• Media & entertainment
• Healthcare & life sciences
• Government

Global cloud backup market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa