Cloud Backup Market Outlook:
Cloud Backup Market size was over USD 6.6 billion in 2025 and is projected to reach USD 49.81 billion by 2035, witnessing around 22.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of cloud backup is evaluated at USD 7.93 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.
