Cloud Backup Market 2019 – Huge Market Growth Till 2026

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Cloud Backup Market To Reach USD 10.04 Billion By
2026
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Market Summary
Increasing demand for cloud backup in the IT
telecommunication sectors, coupled with high
investments in RD of cloud backup, are fueling
the market growth. Market Size USD 1.42
Billion in 2018, Market Growth - CAGR of 27.6,
Market Trends Increase in demand for public
cloud backup solutions in the SMEs.
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Our Approach
Market Summary

• The global cloud backup market is forecast to
  reach USD 10.04 Billion by 2026, according to a
  new report by Reports and Data. The cloud backup
  solutions provide a virtual remote server storage
  for the data and applications of any businesses
  or individuals. Most organizations opt to back up
  all the important business and operational data
  to the cloud to keep them readily available in
  case of a system failure, outage or any
  unpleasant disaster. The cloud server backup has
  been compulsory for most of the organizations for
  their critical data and a virtual storage server
  for remote accessibility. The global cloud backup
  market is growing predominantly as the amount of
  data is being elevated globally. The inclination
  towards digitization across all the industry
  verticals have been the primary reason the cloud
  backup solution is earnestly demanded. SMEs are
  forecasted to contribute remarkably in the
  forecast period due to a massive adoption of the
  cloud deployment for their internal data and
  applications.
• APAC is forecasted to achieve the fastest growth
  of about 32.8 in the period 2019 2026, due to
  an increase in the cloud deployment of data in
  the countries like China, Singapore, and India.
  North America holds the highest market share of
  37.6 in 2018 because of the prodigious rate of
  deployment of the cloud backup solutions.
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Our Approach
Market Summary

• Further key findings from the report suggest
• The hybrid cloud is the composition of two or
  more distinct private and public cloud
  infrastructure. It helps to deliver a
  high-security features of a private cloud,
  coupled with public clouds faster connectivity
  and easy-to-access features. The hybrid cloud is
  expected to achieve a market valuation of USD
  2.94 Billion by 2026. The CAGR is calculated as
  28.0 throughout the forecast period.
• In an incremental backup, the successive copies
  of the data containing the portion that has
  changed since the preceding backup copy was
  uploaded, is uploaded only and in case of a full
  back up, the last full back up is taken into
  operation. The incremental backup had a market
  share of USD 0.22 Billion in 2018.
• Europe would reach a market share of 26.7 by
  2026, having grown at a CAGR of 25.6 in the
  forecast period. United Kingdom and Germany have
  the most number of valuable players in this
  region.
• North America is leading the global market, with
  37.6 of market possession in 2018 and would
  continue dominating the global market with a CAGR
  of 27.7 during the forecast period. United
  States possessed the highest market share in the
  worldwide market.
• APAC is forecasted to achieve the fastest growth
  of about 32.8 throughout the forecast period,
  owing to the rise in use of cloud backup
  solutions, especially the IT Telecommunication
  SMEs in countries like China, Singapore, and
  India.
• To identify the key trends in the industry, click
  on the link below https//www.reportsanddata.com/
  report-detail/cloud-backup-market

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Our Approach
Market Summary

• Key participants include Microsoft Corporation,
  Amazon.com, Barracuda Networks, Hewlett Packard
  Enterprise Development, NetApp, Acronis
  International Gmbh, IBM Corporation, Efolder,
  Inc., Datto, Inc., and Code42 Software, Inc.
• For the purpose of this report, Reports and Data
  have segmented the global cloud backup market on
  the basis of the type, type of backup, component,
  type of cloud, organization size, end-use
  industries, and region
• Type Outlook (Revenue USD Billion 2016-2026)
• Solution
• Service
• Type of Backup Outlook (Revenue USD Billion
  2016-2026)
• Full Backup
• Incremental
• Differential
• Periodic Backup
• Mirror Backup

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Our Approach
Market Summary

• End-Use Industries Outlook (Revenue USD Billion
  2016-2026)
• IT Telecommunication
• BFSI
• Government Public Sectors
• Retail E-commerce
• Media Entertainment
• Healthcare Sectors
• Manufacturing Industries
• Others
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Our Approach
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