such as access data on remote location access, real time data access etc.
The public cloud segment held the dominant position in the global cloud backup
market in 2016
Among deployment models, the public cloud segment held the dominant position in the cloud
backup market in 2016. Increasing workload on public cloud is one of the key factors for the
growth of the market. According to Coherent Market Insights, in 2015, around 49% of the cloud
workload was on public cloud and it is projected to reach 68% by 2020. Moreover, various
advantages such as scalability, cost effectiveness, reliability, and location independency is
expected to lead to increasing demand for cloud backup.
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“The global cloud backup market is projected to value at US$ 1287 million in 2017 and
is projected to reach US$ 6367 million by 2025. The market is estimated to witness a
CAGR of 22.1 % over the forecast period (2017 – 2025).”
According to Coherent Market Insights, North America held the dominant position in the global
cloud backup market in 2016. The U.S. and Canada are the major economies in North America.
Shifting of workload to cloud environment is one of the major factors leading to increasing
demand for the cloud backup. In 2015, North America accounted for around 42% of the cloud
data center workload, globally. High presence of cloud backup market leaders in North America
also fuels the growth of online backup market size in this region. Asia Pacific is projected to
increase with the highest CAGR over the forecast period. India, China, and Japan are some of the
key economies in this region. Increasing development in IT infrastructure by organizations
especially in India and China that are adopting new technologies to work efficiently with existing
systems and data. Rising trend of digitization across sectors, especially by small and medium
enterprises is expected to fuel growth of market in the region.
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.