Cloud Backup Market Poised to Take Off by 2026
Cloud Backup Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Cloud backup also known as online backup or remote backup is an alternative to conventional
backup. Cloud backup aids in creating, editing, managing, and restoring data backup. Increasing
volume of data is the major factor leading to high demand for cloud backup. According to
Coherent Market Insights by 2025, the data sphere will reach up to 163 zettabytes. 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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Solution component segment held the dominant position in the market in 2016
Among components, solution segment held the dominant position in the market in 2016.
Increasing demand for managing large volume of data and increasing adoption of cloud
technology have accelerated growth of the segment. The service segment is sub-segmented into
management and customization, professional services, training & consulting, and integrations.
The integration service sub-segment is projected to exhibit the highest CAGR over the forecast
period. Integration services helps provide cost-efficient business processes. The integrator is a
pre build tools and connectors which provides services to more easily integrate cloud services