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
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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:
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By Enterprise Size:
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Large Enterprises
Small and Medium Enterprises
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|
By End User:
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BFSI
Consumer Goods and Retail
Education
Government and Public Sector
Healthcare and Life Sciences
Manufacturing
Media and Entertainment
Telecommunication and ITES
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Cloud Based Backup Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cloud Based Backup Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Large Enterprises
7.3. 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, 2023-2033
8.2. BFSI
8.3. Consumer Goods and Retail
8.4. Education
8.5. Government and Public Sector
8.6. Healthcare and Life Sciences
8.7. Manufacturing
8.8. Media and Entertainment
8.9. Telecommunication and ITES
8.10. 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-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Acronis International
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Actifio Technologies
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Asigra Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. CA Technologies
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Carbonite Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. CommVault
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Dell Software
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. FalconStor Software
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. HP
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. IBM Corp.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Icedrive
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Microsoft Corp.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. NetApp
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Symantec
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. Veeam Software
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. 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.
