Cloud Based Backup Services Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Cloud Based Backup Services Market Size- By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: IACT23158 | Pages: 1 - 244 | Formats*: |
| Category : Information & Communications Technology | |||
Cloud Based Backup Services Market Introduction and Overview
According to SPER Market Research, the Global Cloud Based Backup Services Market is estimated to reach USD 19.90 billion by 2033 with a CAGR of 16.21%.
The report includes an in-depth analysis of the Global Cloud Based Backup Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cloud storage is a technique for storing a tonne of data online that can be accessed from anywhere at any time. It enables users to back up their data online rather than paying to store it offshore, which can be expensive. Improved real-time accessibility, minimal implementation costs, user-friendly technology, and data accessibility at any remote location are a few of the standout benefits of cloud backup. Some drawbacks of the cloud backup technology include storage restrictions and inadequate cloud backup support.
- 2019: One of the greatest free cloud backup plans is provided by Icedrive, which was introduced in 2019. It offers 10GB of initial free storage, but you can upgrade to a paid version if you need more. Only a yearly membership for US$ 19.99 (or US$ 1.67 per month) is available for the 150 GB Lite package.
- 2021: In order to bridge the gap between virtual servers, data services, hardware abstraction, and storage connectivity, 22dot6 created Valence technology in May 2021. This technology extracts storage resources regardless of the storage hardware or cloud the data resides in and scales from over 2 trillion sources into a single namespace.
Market Opportunities and Challenges
The growth in popularity of mobile phone devices over the past few years and the ease with which cloud backup technologies may be deployed have propelled the business. To gain a competitive edge, a number of organisations in the financial sector are switching to cloud backup solutions that offer flexibility, innovation, and security and this in turn creates the opportunities for the cloud based backup services market expansion. However, data transfer latency and regulatory issues are the two main obstacles that the industry for cloud-based backup services must overcome. These two important factors are restricting the growth of the global market. Data loss is a risk while transferring and backing up data. This could result in the loss of important data and cause a variety of issues for the business.
Market Competitive Landscape
The competitive landscape of the cloud backup market may be more unified as a result of the diversity of market participants present worldwide. Because of the huge increase in data generation and the growing use of cloud services for data storage, the market is expected to expand. In order to give better solutions to the market than their rivals and gain the most market traction, industry players are putting a number of innovations into practise. The market exhibits a moderate level of fragmentation, with several major players, including Acronis International, Actifio Technologies, Asigra Inc., CA Technologies, Carbonite Inc., CommVault, Dell Software, FalconStor Software, HP, IBM Corp., Icedrive, Microsoft Corp., NetApp, Symantec, Veeam Software, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | Enterprise Size, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Acronis International, Actifio Technologies, Asigra Inc., CA Technologies, Carbonite Inc., CommVault, Dell Software, FalconStor Software, HP, IBM Corp., Icedrive, Microsoft Corp., NetApp, Symantec, Veeam Software, Others |
COVID-19 Impact on Global Cloud Based Backup Services Market
The global cloud-based backup services business was significantly impacted by the COVID-19 pandemic. The need for reliable data backup and recovery solutions grew as organisations all over the world quickly shifted to remote work and digital operations to comply with lockdowns and social distancing measures. The significance of cloud-based backup services was underscored by this abrupt change in work habits and the rising reliance on digital data storage and communication technologies.
Key Target Audience:
- Data-Centric Industries
- E-commerce Businesses
- Enterprises
- IT Professionals and Administrators
- Managed Service Providers (MSPs)
- Remote and Distributed Workforces
- Small and Medium-sized Businesses (SMBs)
- Startups and New Businesses
- Others
Our in-depth analysis of the Cloud Based Backup Services Market includes the following segments:
| By Enterprise Size: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Cloud Based Backup Services Market Size (FY’2023-FY’2033)
- Overview of Global Cloud Based Backup Services Market
- Segmentation of Global Cloud Based Backup Services Market By Enterprise Size (Large Enterprises, Small and Medium Enterprises)
- Segmentation of Global Cloud Based Backup Services Market By End User (BFSI, Consumer Goods and Retail, Education, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Telecommunication and ITES, Others)
- Statistical Snap of Global Cloud Based Backup Services Market
- Expansion Analysis of Global Cloud Based Backup Services Market
- Problems and Obstacles in Global Cloud Based Backup Services Market
- Competitive Landscape in the Global Cloud Based Backup Services Market
- Impact of COVID-19 and Demonetization on Global Cloud Based Backup Services Market
- Details on Current Investment in Global Cloud Based Backup Services Market
- Competitive Analysis of Global Cloud Based Backup Services Market
- Prominent Players in the Global Cloud Based Backup Services Market
- SWOT Analysis of Global Cloud Based Backup Services Market
- Global Cloud Based Backup Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Cloud Based Backup Services Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cloud Based Backup Services Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cloud Based Backup Services Market
7. Global Cloud Based Backup Services Market, By Enterprise Size (USD Million)
7.1. Global Cloud Based Backup Services Market Value Share and Forecast, By Enterprise Size, 2023-20337.2. Large Enterprises7.3. Small and Medium Enterprises
8. Global Cloud Based Backup Services Market, By End User (USD Million)
8.1. Global Cloud Based Backup Services Market Value Share and Forecast, By End User, 2023-20338.2. BFSI8.3. Consumer Goods and Retail8.4. Education8.5. Government and Public Sector8.6. Healthcare and Life Sciences8.7. Manufacturing8.8. Media and Entertainment8.9. Telecommunication and ITES8.10. Others
9. Global Cloud Based Backup Services Market Forecast, 2019-2033 (USD Million)
9.1. Global Cloud Based Backup Services Market Size and Market Share
10. Global Cloud Based Backup Services Market, By Enterprise Size, 2019-2033 (USD Million)
10.1. Global Cloud Based Backup Services Market Size and Market Share By Enterprise Size (2019-2026)10.2. Global Cloud Based Backup Services Market Size and Market Share By Enterprise Size (2027-2033)
11. Global Cloud Based Backup Services Market, By End User, 2019-2033 (USD Million)
11.1. Global Cloud Based Backup Services Market Size and Market Share By End User (2019-2026)11.2. Global Cloud Based Backup Services Market Size and Market Share By End User (2027-2033)
12. Global Cloud Based Backup Services Market, By Region, 2019-2033 (USD Million)
12.1. Global Cloud Based Backup Services Market Size and Market Share By Region (2019-2026)12.2. Global Cloud Based Backup Services Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Acronis International13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Actifio Technologies13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Asigra Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. CA Technologies13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Carbonite Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. CommVault13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Dell Software13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. FalconStor Software13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. HP13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. IBM Corp.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Icedrive13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Microsoft Corp.13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. NetApp13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. Symantec13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments13.15. Veeam Software13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments13.16. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Cloud Based Backup Services Market is projected to reach USD 19.90 billion by 2033, growing at a CAGR of 16.21% during the forecast period.
Cloud Based Backup Services Market grew in market size from 2023. The Market is expected to reach USD 19.90 billion by 2033, at a CAGR of 16.21% during the forecast period.
Cloud Based Backup Services Market CAGR of 16.21% during the forecast period.
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Cloud Based Backup Services Market size is USD 19.90 billion from 2023 to 2033.
Cloud Based Backup Services Market Segment is Covered Enterprise Size, By End User
The North America region is anticipated to have the highest market share in Cloud Based Backup Services Market.
The key players in the market include Companies Covered Acronis International, Actifio Technologies, Asigra Inc., CA Technologies, Carbonite Inc., CommVault, Dell Software, FalconStor Software, HP, IBM Corp., Icedrive, Microsoft Corp., NetApp, Symantec, Veeam Software, Others
Cloud storage is a technique for storing a tonne of data online that can be accessed from anywhere at any time.
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