Online Backup Service Market Size, Growth, Trends, Forecast | Valuates Reports

Online Backup Service Market or Remote Backup Service Market:

In 2019, the global Cloud Backup market size was US$ 1834.3 million and it is expected to reach US$ 4229.3 million by the end of 2026, with a CAGR of 12.5% during 2021-2026.

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Cloud backup, also known as online backup, is a strategy for backing up data that involves sending a copy of the data over a proprietary or public network to an off-site server. The server is usually hosted by a third-party service provider, which charges the backup customer a fee based on capacity, bandwidth or number of users. In the enterprise, the off-site server might be owned by the company, but the chargeback method would be similar.

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An increasing adoption of cloud-based technologies and the need for managing voluminous data sets in enterprises has led to the adoption of cloud backup solutions. Also, the adoption of cloud backup solutions has increased due to its various benefits such as simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise's other applications, data deduplication, and customer support.

Cloud Backup Scope and Market Size

Cloud Backup market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cloud Backup market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Regional and Country-level Analysis

The Cloud Backup market is analyzed and market size information is provided by regions (countries).

The key regions covered in the Cloud Backup market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.

The key players covered in this study

o Acronis International GmbH
o Asigra Inc.
o Barracuda Networks, Inc
o Carbonite
o Code42 Software
o Datto
o Druva Software
o Efolder
o IBM
o Iron Mountain Incorporated
o Microsoft
o Veeam Software

Market segment by Type, the product can be split into

o Public Cloud
o Private Cloud
o Hybrid Cloud

Market segment by Application, split into

o Small and Medium-Sized Enterprises
o Large Enterprises

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