Cloud Backup Market by Component (Solution and Services), by Solution (Personal Backup, Business Backup and Cloud backup for Service providers), by Services (Management and Customization, Professional Services, Training & consulting and Integration) by Deployment model (Public, Private and Hybrid Cloud), by Organization Size (Small and Medium Enterprises and Large Enterprises), by Verticals (Banking, Financial Services, and Insurance, Consumer Goods and Retail) - Trends and Forecast till 2025
- Report code : CMI201055 |
- Industry :
Information and Communication Technology
- Published On : Nov 2017 |
- Pages : 250 Pages |
- Format :
Global Cloud Backup Market
Cloud backup also known as online backup or remote backup is an alternative to conventional backup. Cloud backup aids in creating, editing, managing, and restoring data backup. Increasing volume of data is the major factor leading to high demand for cloud backup. According to Coherent Market Insights by 2025, the data sphere will reach up to 163 zettabytes. Increasing adoption of software-as-a-service and various advantages of cloud backup such as easy installation, cost effectiveness, performance, scalability, and flexibility have also accelerated growth of the market.
Solution component segment held the dominant position in the market in 2016
Among components, solution segment held the dominant position in the market in 2016. Increasing demand for managing large volume of data and increasing adoption of cloud technology have accelerated growth of the segment. The service segment is sub-segmented into management and customization, professional services, training & consulting, and integrations. The integration service sub-segment is projected to exhibit the highest CAGR over the forecast period. Integration services helps provide cost-efficient business processes. The integrator is a pre build tools and connectors which provides services to more easily integrate cloud services such as access data on remote location access, real time data access etc.
The public cloud segment held the dominant position in the global cloud backup market in 2016
Among deployment models, the public cloud segment held the dominant position in the cloud backup market in 2016. Increasing workload on public cloud is one of the key factors for the growth of the market. According to Coherent Market Insights, in 2015, around 49% of the cloud workload was on public cloud and it is projected to reach 68% by 2020. Moreover, various advantages such as scalability, cost effectiveness, reliability, and location independency is expected to lead to increasing demand for cloud backup.
The global cloud backup market is projected to value at US$ 1287 million in 2017 and is projected to reach US$ 6367 million by 2025. The market is estimated to witness a CAGR of 22.1 % over the forecast period (2017 – 2025).
Figure 1. Global Cloud Backup Market, By Deployment Model
SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2017
According to Coherent Market Insights, North America held the dominant position in the global cloud backup market in 2016. The U.S. and Canada are the major economies in North America. Shifting of workload to cloud environment is one of the major factors leading to increasing demand for the cloud backup. In 2015, North America accounted for around 42% of the cloud data center workload, globally. High presence of cloud backup market leaders in North America also fuels the growth of online backup market size in this region. Asia Pacific is projected to increase with the highest CAGR over the forecast period. India, China, and Japan are some of the key economies in this region. Increasing development in IT infrastructure by organizations especially in India and China that are adopting new technologies to work efficiently with existing systems and data. Rising trend of digitization across sectors, especially by small and medium enterprises is expected to fuel growth of market in the region.
Key Companies- Global Cloud Backup Market.
Some of the major companies in the global cloud backup market include Amazon Web Services, Barracuda Networks, Inc., Code42 Software, Inc., Datto, Inc., Dropbox, Inc., Druva Software, EMC Corporation, Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Veeam Software, and VMware Inc.
Cloud backup is an alternative to conventional backup, which is used to create, edit, manage and restore data, and application and services by using cloud computing infrastructure and resources. Global cloud back up market is estimated to be valued at US$ 1287 million by 2017. By the end of 2025, the cloud backup market is projected to reach US$ 6367 million, exhibiting a CAGR of 22.1%. Rising data volume, increasing installation of internet of things, rising adoption of software as a service are some of the key factors fueling growth of the cloud backup market.
Market Dynamics
Increasing volume of data is one of the major drivers for growth of the cloud backup market. According to Coherent Market Insights, in 2016, 16.1 zettabyte of data was generated, globally. Moreover, adoption of Internet of Things is increasing the volume of data generated through connected devices. According to Coherent Market Insights, in 2016, the number of connected device was around 6.4 billion, globally. Data from these devices needs to be stored and requires huge storage space. This factor is expected to fuel demand for cloud backup. Rising adoption of Software-as-a-Service platform (SaaS), increasing digitalization, and growing use of cloud technology by small and medium enterprises is also expected to accelerate growth of the cloud backup market.
Key features of the study:
- This report provides an in-depth analysis of cloud backup market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global cloud backup market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
- Key companies covered as a part of this study include Amazon Web Services, Barracuda Networks, Inc., Code42 Software, Inc., Datto, Inc., Dropbox, Inc., Druva Software, EMC Corporation, Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Veeam Software, and VMware Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
- The global cloud backup market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the cloud backup market.
Detail Cloud Backup Market Segmentation:
- Global Cloud Backup Market, By Component:
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- Global Cloud Backup Market, By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- Global Cloud Backup Market, By Organization Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
- Global Cloud Backup Market, By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- Global Cloud Backup Market, By Region:
- North America
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Country
- U.S.
- Canada
- Europe
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Region
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Africa
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Country
- North Africa
- Central Africa
- South Africa
- Middle East
- By Segment
- By Component
- Solution
- Personal Backup
- Business Backup
- Cloud backup for Service providers
- Service
- Management and Customization
- Professional Services
- Training and consulting
- Integrations
- By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
- By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
- By Vertical:
- Banking, Financial Services, and Insurance
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITeS
- Others
- By Country
- GCC
- Israel
- Rest of Middle East
- Company Profiles
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Oracle Corporation
- IBM Corporation
- Amazon Web Services.
- EMC Corporation
- Google Inc.
- VMware Inc.
- Dropbox, Inc.
- Barracuda Networks, Inc.
- Veeam Software
- Datto, Inc.
- Druva Software
- Code42 Software, Inc.
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse all the market data tables and figures on "Global Cloud Backup Market - Global forecast to 2025”.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Component
- Market Snippet By Deployment Model
- Market Snippet By Organisation Size
- Market Snippet By Vertical
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Global Cloud Backup Market, By Component, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Solution
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Segment Trend
- Personal Backup
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Business Backup
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Cloud backup for Service providers
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Services
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Segment Trend
- Management and Customization
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Professional Services
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Training and consulting
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Integrations
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Cloud Backup Market, By Deployment Model, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Public cloud
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Private cloud
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Hybrid cloud
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Cloud Backup Market, By Organisation Size, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Small and Medium-Sized Enterprises
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Large Enterprises
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Cloud Backup Market, By Vertical, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Banking, Financial Services, and Insurance
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Consumer Goods and Retail
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Education
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Government and Public Sector
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Healthcare and Life Sciences
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Media and Entertainment
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Telecommunication and Ites
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025, (USD Million)
- Global Cloud Backup Market, By Regions, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- North America
- By Country
- U.S.
- Canada
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Europe
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Latin America
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Middle East
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segment
- Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Vertical, 2015 - 2025 (USD Million)
- Competitive Landscape
- Company Profiles
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Oracle Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- IBM Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Amazon Web Services.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- EMC Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Google Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- VMware Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Dropbox, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Barracuda Networks, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Veeam Software
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Datto, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Druva Software
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Code42 Software, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse all the market data tables and figures on "Cloud Backup (CGM) Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
Related Insights :
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.