Cloud Backup Recovery Software Market

Cloud backup involves backing up of electronic data by sending a copy of the data over the proprietary or public network to a remote network server. Recovery and cloud backup play a vital role in business continuity strategy. The adoption of cloud backup provides additional benefits such as cost saving, and security, storage, and virtualization of the data. Cloud storage solutions provide infrastructure and application support to enterprises at a lower cost than on-premises storage solutions.

Cloud Backup Recovery Software Market aims to provide a comprehensive presentation of the global market for Cloud Backup & Recovery Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud Backup & Recovery Software. Cloud Backup Recovery Software Market contains market size and forecasts of Cloud Backup & Recovery Software in global, including the following market information:

Global Cloud Backup & Recovery Software Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global top five companies in 2022 (%)

The global Cloud Backup & Recovery Software market was valued at US$ 7719.3 million in 2022 and is projected to reach US$ 25720 million by 2030, at a CAGR of 18.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The cloud backup & recovery software market is driven by the need for companies to reduce their IT expenditure, increase in demand for cloud-based services across several industry verticals, and surge in backup requirements of enterprises. Furthermore, emergence of IaaS and on-demand cloud providers, increased adoption of smart devices and tablets, and high demand for big data and social networking present numerous opportunities for market progression.

Hybrid is expected to grow at a significant pace during the forecast period. The IT & telecom segment led the market in 2017, and is expected to continue to this trend in the near future. Furthermore, North America is expected to dominate overall market during the forecast period, as it is the highest adopter of cloud storage solutions.

We surveyed the Cloud Backup & Recovery Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Cloud Backup & Recovery Software Market, by Type, 2018-2023, 2024-2030 ($ millions)

Global Cloud Backup & Recovery Software Market Segment Percentages, by Type, 2022 (%)

Private

Public

Hybrid

Global Cloud Backup & Recovery Software Market, by Application, 2018-2023, 2024-2030 ($ millions)

Global Cloud Backup & Recovery Software Market Segment Percentages, by Application, 2022 (%)

BFSI

Government

Healthcare

Telecom & IT

Retail

Manufacturing

Others

Global Cloud Backup & Recovery Software Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)

Global Cloud Backup & Recovery Software Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Cloud Backup & Recovery Software revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Cloud Backup & Recovery Software revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

Veritas Technologies LLC

Veeam Software

Commvault

IBM Corporation

Dell EMC

Broadcom

Symantec Corporation

Microsoft Corporation

Hewlett Packard Enterprise

Actifio

Outline of Major Chapters:

Chapter 1: Introduces the definition of Cloud Backup & Recovery Software, market overview.

Chapter 2: Global Cloud Backup & Recovery Software market size in revenue.

Chapter 3: Detailed analysis of Cloud Backup & Recovery Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Cloud Backup & Recovery Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.