Global Cloud Backup Industry

Global Cloud Backup Industry

  • September 2020 •
  • 226 pages •
  • Report ID: 5798140 •
  • Format: PDF
Global Cloud Backup Market to Reach $8.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Cloud Backup estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at aCAGR of 22.9% over the period 2020-2027. Large Enterprises, one of the segments analyzed in the report, is projected to record 19.8% CAGR and reach US$4.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small & Medium Enterprises (SMEs) segment is readjusted to a revised 26.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $595.2 Million, While China is Forecast to Grow at 22.5% CAGR

The Cloud Backup market in the U.S. is estimated at US$595.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 22.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 19.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR.We bring years of research experience to this 9th edition of our report. The 226-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Acronis International GmbH
  • Asigra, Inc.
  • Barracuda Networks, Inc.
  • Carbonite, Inc.
  • Code42 Software, Inc.
  • Datto, Inc.
  • Druva Inc.
  • eFolder, Inc.
  • IBM Corporation
  • Iron Mountain Inc.
  • Microsoft Corporation
  • Veeam Software AG