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Pulished Date April, 2021
ID: 10158
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Global Cloud Backup Market Analysis by Component (Solution & Services), Provider (Cloud Service Provider, Telecom & Communication Service Provider, & Managed Service Provider), Organization Size (Large and Small & Medium), Vertical (Banking, Financial Services and Insurance (BFSI), Consumer and Retail, Education, Manufacturing, Media and Entertainment, Public Sector, Healthcare and Life Sciences, Others), and Region - Forecast to 2026

Pulished: April, 2021
ID: 10158
Pages: 150

Global Cloud Backup Market Size (2020 – 2025)

The global cloud backup market size is expected to extend from $ 1.30 billion in 2020 to $ 4.13 billion by 2025, at a compound annual growth rate (CAGR) of 26.1% over the projection period.

Market Overview:

Cloud backup is commonly referred to as online backup, which is a copy of the data sent over the secure public network to the remote cloud-based server. This cloud backup offers data availability at remote locations, real-time data accessibility, easy-to-use technology, and low cost of implementation. It provides automatic data backup as compared to traditional methods which face problems like server failure, mismanagement of business and others. It is widely applied in telecommunications, healthcare and many other industries.

Additionally, due to the global coronavirus outbreak, the demand for cloud backup solutions is on the rise. This is mainly due to the increase in remote workplaces for employees around the world. Additionally, SaaS-based collaborative applications saw a substantial increase in demand during the blackout period, due to the need to work remotely.

Also, cloud backup solutions are one of the most comprehensive tools against cyber-attacks and data breaches. However, if improperly managed, it can allow attackers to transparently enter the database stored on the backup server and use it against the user. Therefore, privacy and security concerns are a major barrier to adopting cloud backup solutions.

Recent Developments:

  • June 2020: Otava improved its cloud solutions by including Otava Cloud Backup for Microsoft 365. This new Software-as-a-Service (SaaS) offering delivers a backup service for users with Veeam technology of Microsoft 365.
  • April 2020: Veeam Software has partnered with Microsoft Azure to deliver its new Veeam Backup, an out-of-the-box cloud backup and restore solution for Microsoft Azure. The new offering will allow customers and service providers to move more applications and data to Azure and cost-effectively, securely and easily protect applications and data in the cloud on Azure.

Impact of Covid-19 on Cloud Backup Market:

The COVID-19 pandemic has affected various industries across the world. However, the cloud backup market has grown rapidly in recent months. The sudden outbreak of COVID-19 created a great opportunity for cloud backup in the first quarter of 2020. For example, organizations around the world have embraced the concept of working from home, in which the cloud has provided various organizations with applications for remote access to build data and run mission-critical applications and allows you to work with partners and employees around the world.

Market growth and trends:

BFSI vertical expected to show maximum adoption of cloud backup in future -

  • The banking industry is rapidly adopting digital banking and investment solutions, which is also increasing the demand for cloud computing in the BFSI industry as it povides greater business agility and scalability to industry organizations. Various financial services are shifting to cloud solutions to provide innovation, customization, and security for competitive edge.
  • According to Capgemini, cloud solutions help banks dramatically cut spending by cutting infrastructure costs by a quarter and potentially saving around $ 15 billion by 2019. As a result, many vendors are delivering IaaS applications and PaaS to eliminate the need to manage the host, maintenance, updating and scaling of service operations. These trends are expected to further drive the adoption of cloud backup solutions in the BFSI industry.
  • In addition, increasing cases of data breaches in the banking industry are putting pressure on banks to adopt cloud backup solutions, allowing them to recover from any disaster. Public cloud solutions deliver an improved backup resource to continue business activities in spite of a disaster.

Market Drivers and Restraints:

Cloud computing has brought many services and solutions that allow the user to access data remotely and has driven the demand in the global market for cloud backup. This has stimulated the rapid development of the information and technology field and facilitates it with a key feature of safeguarding data and its security in terms of cybersecurity. This feature, known as cloud backup, has helped IT professionals store their sensitive data and other databases in a single cloud service that can have multiple users.

With the rise of data storage in large companies, the demand for cloud-based services is increasing as they offer lower costs and greater efficiency. This feature has been the driving force behind the global cloud backup market. Apart from this, various application compliance issues can hamper the overall growth rate of the global cloud backup market.

Market egmentation:

The global cloud backup market is segmented based on the component, service provider, organization size, vertical industry, and geography.

  • On the basis of the components, the market is divided into solution and service segments. According to the service provider, the market is segmented into Managed Service Provider, Cloud Service Provider, Telecommunications and Communications Provider, and others.
  • By organization size, the cloud backup market is segmented into large, small, and medium-sized enterprises.
  • Based on the industry vertical, the market is divided into Banking, Financial Services and Insurance (BFSI), Consumer and Retail, Education, Manufacturing, Media and Entertainment, Public Sector, Healthcare, and Life Sciences, etc.

Regional Analysis:
Based on geography, the global cloud backup market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The United States accounts for almost half of all hyperscale data centers, indicating its dominance in cloud and Internet technologies. Additionally, companies such as Google, Amazon, Microsoft, IBM, and other major cloud providers continue to build new data centers at breakneck rates. In addition, companies in the region are also adopting cloud computing solutions, which contribute significantly to data traffic. These trends indicate the need for cloud backup solutions in the area.

Key market players:

Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, VMware Inc., Dropbox Inc., Google Inc., Oracle Corporation, HP Enterprise Company, EMC Corporation, and Rockspace Hosting Inc. are among the leading players in the global cloud backup market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cloud Backup Market, By Component                            

                                6.1.1 Solution    

                                6.1.2 Services    

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Cloud Backup Market, By Provider                   

                                6.2.1 Cloud Service Provider       

                                6.2.2 Telecom & Communication Service Provider            

                                6.2.3 Managed Service Provider               

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Cloud Backup Market, By Organization Size                  

                                6.3.1 Large         

                                6.3.2 Small & Medium   

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Cloud Backup Market, By Vertical                     

                                6.4.1 Banking, Financial Services and Insurance (BFSI)    

                                6.4.2 Consumer and Retail          

                                6.4.3 Education

                                6.4.4 Manufacturing      

                                6.4.5 Media and Entertainment

                                6.4.6 Public Sector          

                                6.4.7 Healthcare and Life Sciences           

                                6.4.8 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.9 Y-o-Y Growth Rate Analysis             

                                6.4.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              



                                7.2.2 By Component      

                                7.2.3 By Provider             

                                7.2.4 By Organization Size            

                                7.2.5 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Provider             

                                7.3.4 By Organization Size            

                                7.3.5 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Provider             

                                7.4.4 By Organization Size            

                                7.4.5 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Provider             

                                7.5.4 By Organization Size            

                                7.5.5 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Component      

                                7.6.3 By Provider             

                                7.6.4 By Organization Size            

                                7.6.5 By Vertical               

8. Key Player Analysis                                    

                8.1 Amazon Web Services Inc                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Microsoft Corporation                           

                8.3 IBM Corporation                      

                8.4 VMware Inc                               

                8.5 Dropbox Inc                               

                8.6 Google Inc                  

                8.7 Oracle Corporation                  

                8.8 HP Enterprise Company                        

                8.9 EMC Corporation                     

                8.10 Rockspace Hosting Inc.                        

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Component, Provider, Organization Size, Vertical along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Cloud Backup Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cloud Backup Market By Component, From 2020-2025 ( USD Billion )
  3. Global Solution Market By Region, From 2020-2025 ( USD Billion )
  4. Global Services Market By Region, From 2020-2025 ( USD Billion )
  5. Global Cloud Backup Market By Provider, From 2020-2025 ( USD Billion )
  6. Global Cloud Service Provider Market By Region, From 2020-2025 ( USD Billion )
  7. Global Telecom & Communication Service Provider Market By Region, From 2020-2025 ( USD Billion )
  8. Global Managed Service Provider Market By Region, From 2020-2025 ( USD Billion )
  9. Global Cloud Backup Market By Organization Size, From 2020-2025 ( USD Billion )
  10. Global Large Market By Region, From 2020-2025 ( USD Billion )
  11. Global Small & Medium Market By Region, From 2020-2025 ( USD Billion )
  12. Global Cloud Backup Market By Vertical, From 2020-2025 ( USD Billion )
  13. Global Banking, Financial Services and Insurance (BFSI) Market By Region, From 2020-2025 ( USD Billion )
  14. Global Consumer and Retail Market By Region, From 2020-2025 ( USD Billion )
  15. Global Education Market By Region, From 2020-2025 ( USD Billion )
  16. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  17. Global Media and Entertainment Market By Region, From 2020-2025 ( USD Billion )
  18. Global Public Sector Market By Region, From 2020-2025 ( USD Billion )
  19. Global Healthcare and Life Sciences Market By Region, From 2020-2025 ( USD Billion )

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