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 cloud 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.
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Cloud Backup are mostly used in manufacturing and warehouse industries, due to the need to move heavy products in easier way to several locations in a very short time, in order to increase the production process. Increasing application and rising demand for Cloud Backup from end-use industries are some of the major factors driving growth of the Cloud Backup market, which in turn is expected to create growth opportunities for manufacturers operating in this market. As a result of rising demand for Cloud Backup, manufacturers are focusing on various strategies such as partnerships and acquisitions in order to expand their customer base in the market and strengthen their foothold in the global Cloud Backup market.
Competitive Scenario:-
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.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Understand where the market opportunities lie.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restraints that are likely to hamper the market.
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Table of Contents:-
• Chapter 1. Methodology & Sources
• Chapter 2. Executive Summary
• Chapter 3. Key Insights
• Chapter 4. Cloud Backup Market Segmentation & Impact Analysis
• Chapter 5. Cloud Backup Market by Components Insights & Trends, Revenue (USD Million
• Chapter 6. Cloud Backup Market by Application Insights & Trends, Revenue (USD Million)
• Chapter 7. Cloud Backup Market by End-Use Insights & Trends, Revenue (USD Million)
• Chapter 8. Cloud Backup Market Regional Outlook
• Chapter 9. Competitive Landscape
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COVID-19 scenario:-
The COVID-19 pandemic impacted the production of Cloud Backup in the first and second quarters of 2020-21.The adoption of new technology in the automotive, food & beverage, and electronics sectors added to the demand for Cloud Backup in the third and fourth quarters of 2020. The COVID-19 pandemic impacted many sectors such as transportation and supply chains on a global level. This caused a decline in the manufacturing of robots as well as their demand in the market. The re-initiation of Cloud Backup manufacturing businesses is expected in the near future, which will boost the Cloud Backup market.
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