Cloud Backup Market Analysis

Component (Solution & Services)

By the end of 2037, the services segment in the cloud backup market is estimated to gain the largest revenue 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 the market globally.

Deployment (Private Cloud, Public Cloud, Hybrid Cloud)

Cloud backup market from the public cloud segment is expected to grow at a CAGR of 25.76%. The growth of the segment is attributed to the growing demand for solutions that provide public cloud that a company may use to preserve sensitive data and applications that cannot be readily migrated to the cloud in its on-premises data center while accessing Software-as-a-Service (SaaS) applications and any additional platform, storage, or computing capacity that it may require.

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