Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others).Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others).Europe (Germany, France, United Kingdom, Italy, Spain, Others).Telecom and Communication Service Provider.The report has categorized the market based on component, service provider, organization size, deployment mode, vertical and tregion. International Business Machines Corporation.Acronis International GmbH (Acronis AG).

Furthermore, the development of software as a service (SAAS) and hybrid models is anticipated to fuel the cloud backup market over the forecasted period.Ĭloud Backup Market Competitive Analysis and Segmentation: Apart from this, the increasing number of data generation is also stimulating market growth. Moreover, the escalating demand for cloud computing in the banking, financial services, and insurance (BFSI) industry is positively influencing the global market. Besides this, the widespread adoption of cloud backup, as it provides better business agility, scalability, innovation, customization, and security, is acting as another significant growth-inducing factor. Additionally, the introduction of digital banking and continuous technological advancements, including the rising integration of the Internet of Things (IoT) and Artificial Intelligence (AI), are further bolstering the market growth.

The growing instances of data breaches and the inflating popularity of virtualization across businesses for better utilization of system resources are primarily driving the cloud backup market.

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables. Consequently, cloud backup is extensively used by small and medium-sized businesses (SMBs) across the globe. As compared to traditional physical disaster recovery systems, it is more cost-effective, flexible, and provides on-demand scalability. In line with this, cloud backup supports the data protection of an enterprise without increasing the workload of the information technology (IT) staff. It stores data and applications on a remote server. Cloud backup, also called online backup, represents a third-party service that helps organizations in sending a copy of a file to a secondary and off-site location for preservation in case of hardware or software failures and unforeseen disasters.

Acronis cloud backup pricing