Cloud Backup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026global cloud backup market reached a value of US$ 3.2 Billion
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The global cloud backup market is primarily driven by the increasing volume of data generated across various industries. The adoption of cloud backup services is also facilitated by the emerging trend of Bring-Your-Own-Device (BYOD), which generates a massive amount of data. Cloud backup solutions are used for simple management and monitoring, real-time backup and recovery, data duplication, as well as customer support. The rising adoption of Software-as-a-Service (SaaS) among SMEs and the growing prevalence of hybrid cloud is also propelling the market growth. Furthermore, the outbreak of the COVID-19 pandemic has resulted in remote working due to stringent lockdown measures initiated by governments, which has escalated the demand for cloud backup solutions across the globe. Looking forward, IMARC Group expects the market to grow at a CAGR of 24.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Acronis International GmbH (Acronis AG)
Amazon Web Services Inc. (Amazon.com Inc.)
Barracuda Networks Inc. (Thoma Bravo LP)
Carbonite Inc. (OpenText Corporation)
Code42 Software Inc.
International Business Machines Corporation
Veeam Software GmbH
Vmware Inc. (Dell Technologies).
Breakup by Component:
Breakup by Service Provider:
Cloud Service Provider
Telecom and Communication Service Provider
Managed Service Provider
Breakup by Organization Size:
Small and Medium Enterprises
Breakup by Deployment Mode:
Breakup by Vertical:
Consumer Goods and Retail
Government and Public Sector
Healthcare and Life Sciences
Media and Entertainment
Telecommunication and ITES
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
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