Cloud Backup and Recovery Market Analysis By solution (Primary Storage, Disaster Recovery, Cloud-To-Cloud Backup, Application Backup, Others), By service (Training and Consulting, Support and Maintenance, Cloud Integration and Migration, Managed Services), By deployment model (Private Cloud, Public Cloud, Hybrid Cloud) & Forecast

  • 4/3/2023
  • 265
  • Information Communication & Technology
Market Overview:
The global Cloud Backup and Recovery market size was valued at USD 4.95 billion in 2022 and is projected to reach USD 10.25 billion by 2032, at a CAGR of 15.2% during the forecast period.

The cloud backup and recovery market is experiencing significant growth due to the increasing amount of data generated by businesses, the need for data protection and disaster recovery, and the adoption of cloud technology. As businesses are generating more data than ever before, they require reliable backup and recovery solutions to ensure that their critical data is protected against loss or corruption. This has led to a surge in demand for cloud backup and recovery services, as they offer cost-effective, scalable, and secure solutions for managing and protecting data. The ongoing pandemic has further accelerated the growth of the cloud backup and recovery market, as businesses have had to shift to remote work environments and rely on cloud-based technologies for data management and protection. Additionally, the rise of cyber threats and data breaches has further increased the need for secure backup and recovery solutions. One of the major trends in the market is the adoption of hybrid backup and recovery solutions, which combine on-premises and cloud-based data protection technologies. This approach provides businesses with greater flexibility, scalability, and control over their data, while also reducing costs. The cloud backup and recovery market is also witnessing the emergence of new technologies such as artificial intelligence (AI) and machine learning (ML), which are being integrated into backup and recovery solutions to enhance their capabilities. These technologies enable faster and more accurate data recovery, proactive monitoring and management, and automated backup and recovery processes. Overall, the cloud backup and recovery market is expected to continue to grow in the coming years, driven by the increasing demand for data protection and disaster recovery solutions, the adoption of cloud technology, and the emergence of new technologies.

Report Scope

Report Attributes


Market Size in 2022

USD 4.95 Billion

Market Forecast in 2032

USD 10.25 Billion

CAGR % 2023-2031


Base Year


Historic Data


Forecast Period


Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Solution, By Service, By Deployment Type

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Amazon Web Services, Microsoft Corporation, IBM Corporation, Dell EMC, Google LLC, Oracle Corporation, VMware Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., NetApp, Inc., Veeam Software, Commvault Systems, Inc., Veritas Technologies LLC, Carbonite, Inc., Acronis International GmbH

Driver: Growing amount of data being generated by organizations is propelling Cloud Backup and Recovery Market growth.

One market driving factor for the cloud backup and recovery market is the increasing amount of data being generated by organizations. With the rise of digitalization and the growing reliance on digital data for business operations, there has been a massive increase in the volume of data generated by organizations. This data includes critical business information such as customer data, financial data, and operational data. As a result, it has become crucial for organizations to ensure that this data is secure and accessible at all times, which has led to an increase in demand for cloud backup and recovery solutions. Cloud backup and recovery solutions allow organizations to store their critical data in secure and reliable cloud-based storage systems. This ensures that the data is accessible from anywhere, at any time, and can be recovered quickly in case of any data loss incidents such as cyber-attacks, system failures, or natural disasters. With the ever-increasing amount of data being generated, it has become essential for organizations to adopt cloud backup and recovery solutions to ensure the security and availability of their critical business information.

By solution, the market can be segmented into:
• Primary Storage
• Disaster Recovery
• Cloud-To-Cloud Backup
• Application Backup
• Others

By service, the market can be segmented into:
• Training and Consulting
• Support and Maintenance
• Cloud Integration and Migration
• Managed Services

By deployment model, the market can be segmented into:
• Private Cloud
• Public Cloud
• Hybrid Cloud

Geographical Analysis:
The North America cloud backup and recovery market is the largest, driven by the presence of key players such as Microsoft, IBM, and Oracle, among others. The region's dominance can also be attributed to the early adoption of cloud-based services in countries like the US and Canada. For example, in 2020, Veeam Software announced its acquisition by Insight Partners for USD 5 billion, a significant move in the cloud backup and recovery market.

The Europe cloud backup and recovery market is also growing, owing to the increasing adoption of cloud services in the region. Countries like the UK, Germany, and France are driving growth in this region. For example, in 2020, Acronis expanded its European presence by opening a new data center in Switzerland, which will cater to its cloud backup and recovery services.
The Asia Pacific cloud backup and recovery market is growing at a rapid pace, owing to the increasing adoption of cloud-based services in countries like China, India, and Japan. In 2020, Commvault announced the expansion of its Metallic Backup-as-a-Service offering in the Asia Pacific region to meet the growing demand for cloud-based data protection solutions.

The Latin America cloud backup and recovery market is growing, but at a slower pace compared to other regions. The market is driven by the increasing adoption of cloud-based services in countries like Brazil, Argentina, and Mexico. In 2020, Veeam Software announced a partnership with Ingram Micro to expand its cloud backup and recovery services in Latin America.

The Middle East and Africa cloud backup and recovery market is also growing at a steady pace, owing to the increasing adoption of cloud-based services in the region. Countries like Saudi Arabia, South Africa, and the UAE are driving growth in this region. For example, in 2020, Dell EMC launched its PowerProtect DD series appliances in the Middle East and Africa region, which offers cloud backup and recovery solutions to its customers.

Recent Development: Global Cloud Backup and Recovery Market
• In April 2020, Datto, a leading provider of cloud-based backup and disaster recovery solutions, announced the acquisition of Gluh Pty Ltd, an Australia-based company that provides a cloud-based marketplace platform for IT service providers.
• In June 2020, Veeam, a Switzerland-based data backup and recovery company, announced the acquisition of Kasten, a cloud-native backup and disaster recovery provider, to expand its capabilities for Kubernetes container workloads.
• In September 2020, Commvault, a US-based provider of backup and recovery solutions, announced a partnership with Microsoft to deliver its Metallic Backup-as-a-Service offering on Azure.
• In December 2020, Rubrik, a US-based cloud data management company, announced a USD 3.4 billion valuation after raising USD 200 million in a funding round led by Bain Capital Ventures.

Company Profiles:
• Amazon Web Services
• Microsoft Corporation
• IBM Corporation
• Dell EMC
• Google LLC
• Oracle Corporation
• VMware Inc.
• Hewlett Packard Enterprise Development LP
• Cisco Systems, Inc.
• NetApp, Inc.
• Veeam Software
• Commvault Systems, Inc.
• Veritas Technologies LLC
• Carbonite, Inc.
• Acronis International GmbH

Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Cloud Backup and Recovery Market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Backup and Recovery Market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

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