Cloud backup, also known as online backup or remote backup, is an alternative to conventional backup. It offers several facilities such as creating, editing, managing, and restoring the data backup. Increasing volume of data is the major factor leading to high demand for cloud backup. According to Coherent Market Insights’ analysis, the data sphere will reach up to 163 zettabytes, by 2025. 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.
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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.


Detail Cloud Backup Market Segmentation:
• Global Cloud Backup Market, By Component:
o Solution
 Personal Backup
 Business Backup
 Cloud backup for Service providers
o Service
 Management and Customization
 Professional Services
 Training and consulting
 Integrations
• Global Cloud Backup Market, By Deployment Model:
o Public cloud
o Private cloud
o Hybrid cloud
• Global Cloud Backup Market, By Organization Size:
o Small and Medium-Sized Enterprises
o Large Enterprises
• Global Cloud Backup Market, By Vertical:
o Banking, Financial Services, and Insurance
o Consumer Goods and Retail
o Education
o Government and Public Sector
o Healthcare and Life Sciences
o Manufacturing
o Media and Entertainment
o Telecommunication and ITeS
o Others


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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.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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