Cloud Backup Market Growth rate and Industry Analysis to 2027

1. Cloud Backup Market To Reach USD 10.04 Billion By 2026

2. Market Summary Increasing demand for cloud backup in the IT & telecommunication sectors, coupled with high investments in R&D of cloud backup, are fueling the market growth. Market Size – USD 1.42 Billion in 2018, Market Growth - CAGR of 27.6%, Market Trends – Increase in demand for public cloud backup solutions in the SMEs.

3. Our Approach Our Approach Market Summary The global cloud backup market is forecast to reach USD 10.04 Billion by 2026, according to a new report by Reports and Data. The cloud backup solutions provide a virtual remote server storage for the data and applications of any businesses or individuals. Most organizations opt to back up all the important business and operational data to the cloud to keep them readily available in case of a system failure, outage or any unpleasant disaster. The cloud server backup has been compulsory for most of the organizations for their critical data and a virtual storage server for remote accessibility. The global cloud backup market is growing predominantly as the amount of data is being elevated globally. The inclination towards digitization across all the industry verticals have been the primary reason the cloud backup solution is earnestly demanded. SMEs are forecasted to contribute remarkably in the forecast period due to a massive adoption of the cloud deployment for their internal data and applications. APAC is forecasted to achieve the fastest growth of about 32.8% in the period 2019 – 2026, due to an increase in the cloud deployment of data in the countries like China, Singapore, and India. North America holds the highest market share of 37.6% in 2018 because of the prodigious rate of deployment of the cloud backup solutions. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/2397

4. Our Approach Our Approach Market Summary Further key findings from the report suggest • The hybrid cloud is the composition of two or more distinct private and public cloud infrastructure. It helps to deliver a high-security features of a private cloud, coupled with public cloud’s faster connectivity and easy-to-access features. The hybrid cloud is expected to achieve a market valuation of USD 2.94 Billion by 2026. The CAGR is calculated as 28.0% throughout the forecast period. • In an incremental backup, the successive copies of the data containing the portion that has changed since the preceding backup copy was uploaded, is uploaded only and in case of a full back up, the last full back up is taken into operation. The incremental backup had a market share of USD 0.22 Billion in 2018. • Europe would reach a market share of 26.7% by 2026, having grown at a CAGR of 25.6% in the forecast period. United Kingdom and Germany have the most number of valuable players in this region. • North America is leading the global market, with 37.6% of market possession in 2018 and would continue dominating the global market with a CAGR of 27.7% during the forecast period. United States possessed the highest market share in the worldwide market. • APAC is forecasted to achieve the fastest growth of about 32.8% throughout the forecast period, owing to the rise in use of cloud backup solutions, especially the IT & Telecommunication SMEs in countries like China, Singapore, and India. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report- detail/cloud-backup-market

5. Our Approach Our Approach Market Summary Key participants include Microsoft Corporation, Amazon.com, Barracuda Networks, Hewlett Packard Enterprise Development, NetApp, Acronis International Gmbh, IBM Corporation, Efolder, Inc., Datto, Inc., and Code42 Software, Inc. For the purpose of this report, Reports and Data have segmented the global cloud backup market on the basis of the type, type of backup, component, type of cloud, organization size, end-use industries, and region: Type Outlook (Revenue: USD Billion; 2016-2026) Solution Service Type of Backup Outlook (Revenue: USD Billion; 2016-2026) Full Backup Incremental Differential Periodic Backup Mirror Backup

6. Our Approach Our Approach Market Summary End-Use Industries Outlook (Revenue: USD Billion; 2016-2026) IT & Telecommunication BFSI Government & Public Sectors Retail & E-commerce Media & Entertainment Healthcare Sectors Manufacturing Industries Others Order Now: https://www.reportsanddata.com/checkout-form/2397

7. Our Approach Our Approach About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com