Market Research Reprots- Worldwide Cloud Backup Market | Page 2

customization of mega data centers are significant market growth drivers. Automation of process
is a key efficiency tool.
Worldwide Cloud Backup has many applications: IoT, the Internet of things is the largest. Self-
driving cars, drones, robots, artificial intelligence, and data center core storage.
Cloud-backup markets get really, really big by 2024, $190.5 billion. The reason is that all
computing moves to the cloud and all smart devices and IoT store data in the cloud. Augmented
reality, self-driving cars, robots, drones all generate significant amounts of data from small smart
devices and processors inside things. That data gets stored in the cloud. This data is manipulated
with analytics and accessed as information from many different sources.
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With 2 trillion IoT processors and devices anticipated to be in place by 2024, there is a lot of data
generated on a daily basis. While not all of it is stored or backed up, a lot of the data needs to be
used again in analytics, hence the growth of cloud storage markets. Once the data is stored, it can
be accessed again and used, which is a back-up function.
Worldwide, the Cloud Backup market at $21.7 billion market in 2017, is expected to reach
$190.5 billion by 2024. Growth is a result of the implementation of the digital economy.
Geographically, this report is split into the US, Europe, Asia, the Middle East and Africa.
Key Topics
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Cloud Backup Markets
Cloud Virtual Machine
Platform Stack-Services
Mega Data Centers
Cloud CSP
Cloud MSP
Cloud Telco
High-Performance Switches
Software Defined Data Center
Customer Base Storage