Cloud backup, also known as online backup, is a strategy for backing up data that involves sending a copy of the data over a proprietary or public network to an off-site server. The server is usually hosted by a third-party service provider, which charges the backup customer a fee based on capacity, bandwidth or number of users. In the enterprise, the off-site server might be owned by the company, but the chargeback method would be similar.
An increasing adoption of cloud-based technologies and need for managing voluminous data sets in Enterprises has led to the adoption of cloud backup solution. Also, the adoption of cloud backup solution has increased due to its various benefits such as simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise’s Others applications, data deduplication, and customer support.

Market Analysis and Insights: Global Cloud Backup Market
The global Cloud Backup market size is projected to reach US$ 4229.3 million by 2027, from US$ 1834.3 million in 2020, at a CAGR of 12.5% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cloud Backup market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cloud Backup market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cloud Backup market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cloud Backup market.

Global Cloud Backup Scope and Market Size
Cloud Backup market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Cloud Backup market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Public Cloud
Private Cloud
Hybrid Cloud

Segment by Application
Small and Medium-Sized Enterprises
Large Enterprises

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Acronis International GmbH
Asigra Inc.
Barracuda Networks, Inc
Carbonite
Code42 Software
Datto
Druva Software
Efolder
IBM
Iron Mountain Incorporated
Microsoft
Veeam Software