Cloud Backup Market Size & Share, by Component (Solution, Services); Enterprise Size; Deployment; Service Provider; End use - SWOT Analysis, Competitive Strategic Insights, Regional Trends 2025-2037

  • Report ID: 5226
  • Published Date: Jan 08, 2025
  • Report Format: PDF, PPT
  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition Of The Market And The Segments
    4. Acronyms And Assumptions
  2. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Solution/Service provider
        2. End user front
    2. Calculation and Derivation of Market Size
      1. Top-down approach
      2. Bottom-up approach
  3. Recommendation by Analyst for C-Level Executives
  4. An Abstract of the Report
  5. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
      1. End user based
      2. Solution/service based
  6. Fundamental Market Prospects
    1. Strategic competitive opportunities
    2. Geographic opportunities
    3. Application centric opportunities
  7. Regulatory & Standards Landscape
  8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  9. Analysis of SaaS Backup Software
  10.  Economic Outlook: Japan
    1. Limitations to Japan’s Economic Recovery
    2. Uplifting Policies to Foster the Growth of the Economy
    3. Future-Outlook and Strategic Move for Sustainable Economy
  11. On-going Technological Trends in Cloud Backup
  12. Regional Demand Analysis
  13. Industry Value Chain Analysis
  14. Industry Growth Outlook
  15. Subscription Analysis
  16. End-Use Industry Analysis
  17. Analysis of the Region-Wise Data Center Traffic
  18. Global Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Global Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Geography
      1. North America, Market Value (USD Million) and CAGR, 2023-2036F
      2. Europe, Market Value (USD Million) and CAGR, 2023-2036F
      3. Asia Pacific, Market Value (USD Million) and CAGR, 2023-2036F
      4. Latin America, Market Value (USD Million) and CAGR, 2023-2036F
      5. Middle East & Africa, Market Value (USD Million) and CAGR, 2023-2036F
  19. Cross Analysis of Component w.r.t. End-Use Industry (USD Million), 2023
  20. North America Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. North America Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. United States, 2023-2036F (USD Million)
      2. Canada, 2023-2036F (USD Million)
  21. Europe Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Europe Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. Germany, 2023-2036F (USD Million)
      2. U.K., 2023-2036F (USD Million)
      3. Italy, 2023-2036F (USD Million)
      4. France, 2023-2036F (USD Million)
      5. Spain, 2023-2036F (USD Million)
      6. Russia, 2023-2036F (USD Million)
      7. Netherlands, 2023-2036F (USD Million)
      8. Rest of Europe, 2023-2036F (USD Million)
  22. Asia Pacific Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. APEJ Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
    8. By Country
      1. China, 2023-2036F (USD Million)
      2. India, 2023-2036F (USD Million)
      3. Japan, 2023-2036F (USD Million)
      4. South Korea, 2023-2036F (USD Million)
      5. Singapore, 2023-2036F (USD Million)
      6. Australia, 2023-2036F (USD Million)
      7. Rest of Asia Pacific, 2023-2036F (USD Million)
  23. Japan Cloud Backup Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Japan Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
    5. By Deployment
      1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
    6. By Service Provider
      1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
      4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. By End-Use Industry
      1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
      2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
      3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
      4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
      5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
      6. Others, Market Value (USD Million) and CAGR, 2023-2036F
  24. Latin America Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Latin America Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
      4. By Deployment
        1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      5. By Service Provider
        1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
      6. By End-Use Industry
        1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
        2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
        3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
        4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
        5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        6. Others, Market Value (USD Million) and CAGR, 2023-2036F
      7. By Country
        1. Brazil, 2023-2036F (USD Million)
        2. Mexico, 2023-2036F (USD Million)
        3. Argentina, 2023-2036F (USD Million)
        4. Rest of Latin America, 2023-2036F (USD Million)
  25. Middle East & Africa Cloud Backup Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Summary
    2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
    3. Middle East and Africa Cloud Backup Market Outlook & Projections, Opportunity Assessment by Segment
    4. Year on Year Growth Forecast (%)
      1. By Component
        1. Solution, Market Value (USD Million) and CAGR, 2023-2036F
        2. Primary Storage, Market Value (USD Million) and CAGR, 2023-2036F
        3. Disaster Recovery, Market Value (USD Million) and CAGR, 2023-2036F
        4. Backup Storage, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others Market Value (USD Million) and CAGR, 2023-2036F
      2. Services, Market Value (USD Million) and CAGR, 2023-2036F
        1. Training & Consulting, Market Value (USD Million) and CAGR, 2023-2036F
        2. Design & Integration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Support & Maintenance, Market Value (USD Million) and CAGR, 2023-2036F
      3. By Enterprise Size
        1. Small & Medium Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
        2. Large Enterprise, Market Value (USD Million) and CAGR, 2023-2036F
      4. By Deployment
        1. Private Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        2. Public Cloud, Market Value (USD Million) and CAGR, 2023-2036F
        3. Hybrid Cloud, Market Value (USD Million) and CAGR, 2023-2036F
      5. By Service Provider
        1. Cloud Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        2. Telecommunication Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        3. Managed Service Provider, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
      6. By End-Use Industry
        1. BFSI, Market Value (USD Million) and CAGR, 2023-2036F
        2. Healthcare, Market Value (USD Million) and CAGR, 2023-2036F
        3. IT & Telecommunication, Market Value (USD Million) and CAGR, 2023-2036F
        4. Consumer Goods & Retail, Market Value (USD Million) and CAGR, 2023-2036F
        5. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        6. Others, Market Value (USD Million) and CAGR, 2023-2036F
      7. By Country
        1. GCC, 2023-2036F (USD Million)
        2. Israel, 2023-2036F (USD Million)
        3. South Africa, 2023-2036F (USD Million)
        4. Rest of Middle East & Africa, 2023-2036F (USD Million)
  26. Comprehensive Analysis of Leading Players in the Market
    1. Market share of Key Competitors in the Market, (%) 2023
    2. Benchmarking of the Competitors
    3. Profile of the Major Vendors
      1.  Veeam Software
      2. Acronis International GmbH
      3. Barracuda Networks, Inc.
      4. Druva Inc.
      5. IBM Corporation 
      6. Iron Mountain Inc.
      7. Microsoft Corporation
      8. Oracle Corporation
      9. Amazon Web Services
      10. AvePoint, Inc.
      11. NTT DATA
      12. TSUKAERU.NET CO., LTD.
      13. TeraCloud Co., Ltd.
      14. Wasabi Technologies
      15. Rhipe Ltd
      16. Fujitsu Limited
      17. Hitachi Vantara LLC
      18. Open Text Corporation
    4. Competitive Benchmarking
  27. Primary Interview Analysis

Global Cloud Backup Market Trends, Forecast Report 2025-2037

Cloud Backup Market size is expected to rise by USD 107.23 billion between 2025 and 2037, driven by a CAGR of more than 25.4%. The projected industry size of cloud backup in 2025 is USD 6.82 billion.

The enormous amount of data generated, the lower prices and higher efficiency of cloud backup than on-premises backup, and the expanding use of Software as a Service (SaaS) have led to an increasing demand for cloud backup solutions and services. There are a large number of SaaS business apps supplied via the cloud that are designed to address particular problems in the public sector. Furthermore, the increasing use of cloud backup services worldwide to keep track of their financial data is raising cloud backup market growth. For instance, in 2021, Amazon Web Services (AWS), a U.S.-based IT service management company and a wholly-owned subsidiary of Amazon, collaborated with Goldman Sachs, a U.S.-based investment banking company, to create new cloud-based data and data analytics solutions for financial institutions.

In addition, the growing usage of smartphones, cameras, and other smart gadgets is anticipated to impel cloud backup market revenue. For instance, in 2023, around 6.92 billion people used smartphones, accounting for around 85% of the world’s population. Consumers are using cloud backup to safeguard their data permanently.


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Cloud Backup Sector: Growth Drivers and Challenges

  • Significant increase in the volume of data generated across different industries: The quantity of data across several industries is expanding at a rapid pace. A significant portion of this result is data emission in which information is passively obtained via regular communications with digital services or goods such as smartphones, bank accounts, and social media platforms. IaaS is another sort of cloud service that provides users with access to virtual computers, storage, backups, and other resources. This can help to safeguard your information during natural disasters or system failures, which is also a driver of the worldwide increase in demand for cloud backup solutions and services. According to Research Nester analysis, the cloud IaaS revenue has significantly increased in recent years, reaching around USD 180 billion in 2024.
  • Growing adoption among small & medium enterprises (SMEs): Small and medium-sized businesses (SMBs) are steadily adopting cloud-based applications as a more efficient option that saves money and increases production. SMEs also get a lot of clear benefits from cloud-based solutions, such as better security for their data, less downtime, and flexible storage. Many small and medium-sized businesses are shifting their operations to the cloud for quick data recovery from any kind of data disaster. According to recent statistics, SMEs spent around 47% of their technology budgets on cloud services in 2022.

Challenges

  • Rising concerns related to data privacy and governance: Many organizations are often hesitant to adopt cloud backup solutions and services due to rising concerns about data breaches, compliance with data protection regulations, and unauthorized access. This is expected to hamper overall cloud backup market expansion going ahead.
  • Limited bandwidth and compatibility with existing systems: Remote or poorly connected areas can lead to slow upload speeds and connectivity interruption, making cloud backups less effective. In addition, certain modern cloud backup solutions may not integrate seamlessly into outdated systems. This can increase the operational inefficiencies or additional costs to upgrade hardware or software.

Cloud Backup Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

25.4%

Base Year Market Size (2024)

USD 5.66 billion

Forecast Year Market Size (2037)

USD 112.89 billion

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia-Pacific)
  • Latin America (Brazil, Argentina, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East & Africa)

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Cloud Backup Segmentation

Component (Solution & Services)

By the end of 2037, the services segment is estimated to gain the largest cloud backup market share, primarily due to the growing need to strengthen an organization's data protection, business continuity, and regulatory compliance procedures without increasing IT staff effort. Organizations are rapidly embracing digital transformation, raising the demand for increasingly scalable and cost-effective backup and recovery solutions, paving the way for market growth.

Deployment (Private Cloud, Public Cloud, Hybrid Cloud)

The public cloud segment in the cloud backup market is expected to register a robust CAGR of 25.76% during the forecast period attributed to the increasing volume of businesses and consumer data, rising digital transformation acceleration in SMEs and large companies, and growing demand for public cloud solutions to preserve sensitive data and applications. In addition, growing demand for remote collaboration tools like Microsoft 365 and Google Workspace, and improving data backup processes through AI-based optimizations and automated data management are poised to boost segment growth.

Our in-depth analysis of the global cloud backup market includes the following segments:

Segment

     Subsegment

Component

  • Solution
  • Primary Storage
  • Disaster Recovery
  • Backup Storage
  • Services
  • Training & Consulting
  • Design & Integration
  • Support & Maintenance

Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

Deployment

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

Service Provider

  • Cloud Service Provider
  • Telecommunication Service Provider
  • Managed Service Provider

End user

  • BFSI
  • Healthcare
  • IT & Telecommunication
  • Consumer Goods & Retail
  • Manufacturing

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Cloud Backup Industry - Regional Synopsis

North America Market Forecast

The North America cloud backup market share is set to cross 38% by the end of 2037 owing to a strong presence of major IT players or service providers along with cloud providers and data centers. Such technological competence allows for the development and adoption of cloud backup solutions more rapidly than in other regions. In addition, the increasing incidence of cybersecurity concerns and the growing trend of remote work adoption post-COVID-19 have resulted in increasing demand for cloud backup services and solutions in this region.

The U.S. is one of the most technologically distinctive countries, with an advanced industrial infrastructure. Factors such as increasing data from IoT devices, digital platforms, and business operations, rising risks of cyber threats, and growing need for cost-effective and flexible backup solutions will propel the market growth.  

Europe Market Statistics

The Europe cloud backup market is expected to expand at a significant pace during the forecast period due to high usage of cloud services in the region and rising adoption of advanced cloud-based solutions across several industries. The adoption of cloud services increased by around 5% in Europe between 2020 and 2021. Furthermore, many governments of European countries have invested significantly in the adoption of cloud computing in the IT sector.

Germany is one of the largest markets for cloud backup in Europe, reflecting a mature cloud adoption landscape and strong enterprise demand. The market is growing as a result of stringent data regulation, rising industrial digitalization, and increasing adoption of advanced cloud technology in SMEs and large enterprises in major cities in the country.

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Companies Dominating the Cloud Backup Landscape

    The market is highly competitive, comprising key players operating at global and regional levels. These key players are focused on developing advanced technologies and products to cater to the rising demand. Here is a list of key players operating in the global market: 

    • Veeam Software
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Acronis International GmbH
    • Barracuda Networks, Inc.
    • Druva Inc.
    • IBM Corporation 
    • Iron Mountain Inc.
    • Microsoft Corporation
    • Oracle Corporation
    • Amazon Web Services
    • AvePoint, Inc.
    • NTT DATA
    • TSUKAERU.NET CO., LTD.
    • TeraCloud Co., Ltd.
    • Wasabi Technologies
    • Rhipe Ltd
    • Fujitsu Limited
    • Hitachi Vantara LLC

In the News

  • In February 2024, Veeam Data Cloud launched an all-in-one storage and cloud backup solution, Veeam Data Cloud for Microsoft Azure and Microsoft 365.
  • In June 2024, OpenText Cybersecurity announced the launch of Carbonite, a cloud-to-cloud back solution to protect data stored on third-party SaaS apps such as Microsoft 365, Google Workspace, Salesforce, and Dropbox.

Author Credits:  Abhishek Verma


  • Report ID: 5226
  • Published Date: Jan 08, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cloud backup is assessed at USD 6.82 billion.

The cloud backup market size was valued at USD 5.66 billion in 2024 and is set to reach USD 112.89 billion by the end of 2037, expanding at around 25.4% CAGR during the forecast period i.e., between 2025-2037. High volume of data generation, growing adoption of SaaS, lower costs, and greater efficiency than on-premises backup, will boost the market growth.

North America industry share is expected to cross 38% by 2037, as region has a strong presence of major IT players or service providers, along with the cloud providers and data centers located there.

The major players in the market include Veeam Software, Acronis International GmbH, Barracuda Networks, Inc., Druva Inc., IBM Corporation, Iron Mountain Inc., Microsoft Corporation, Oracle Corporation, Amazon Web Services, AvePoint, Inc., NTT DATA, TSUKAERU.NET CO., LTD., TeraCloud Co., Ltd., Wasabi Technologies, Rhipe Ltd, Fujitsu Limited, Hitachi Vantara LLC, Open Text Corporation.
Cloud Backup Market Report Scope
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