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
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 265
- CATEGORY
- Information Communication & Technology
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.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 4.95 Billion |
Market Forecast in 2032 | USD 10.25 Billion |
CAGR % 2023-2031 | 15.2% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
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.
 
Segmentation:
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
 
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