How big is the Cloud Backup Market?

The Cloud Backup Market size is expected to reach USD 5.71 billion in 2024 and grow at a CAGR of 24.84% to reach USD 17.29 billion by 2029. Read More

What is the current Cloud Backup Market size?

In 2024, the Cloud Backup Market size is expected to reach USD 5.71 billion. Read More

Who are the key players in Cloud Backup Market?

Dell EMC, IBM Corporation, Backblaze Inc., Barracuda Networks, Inc. and Microsoft Corporation are the major companies operating in the Cloud Backup Market. Read More

Which is the fastest growing region in Cloud Backup Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Backup Market?

In 2024, the North America accounts for the largest market share in Cloud Backup Market. Read More

What years does this Cloud Backup Market cover, and what was the market size in 2023?

In 2023, the Cloud Backup Market size was estimated at USD 4.29 billion. The report covers the Cloud Backup Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Backup Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Backup Market - Size, Share & Industry Analysis

Cloud Backup Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Cloud Backup Market is Segmented by Component (Solution and Services), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), End-User Industry (BFSI, IT & Telecom, Media & Entertainment, Retail, and Healthcare), and Geography (North America, Europe, Asia Pacific, Latin America, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Cloud Backup Industry Overview

The Cloud Backup Market's competitive landscape could be more cohesive due to the presence of several global market players. The increasing adoption of cloud computing for data storage and a massive increase in data generation is expected to boost the market. Hence, market players such as Dell EMC, IBM Corporation, Backblaze Inc., and Barracuda Networks, Inc. are making several innovations to provide enhanced solutions in the market compared to their peers and gain maximum market traction.

November 2023: Samsung Electronics Co., Ltd. announced the global rollout of Temporary Cloud Backup, a secure and easy way to save and transfer important data. In situations where Samsung Galaxy users may experience anxiety about losing their data, including photos, videos, and private files, this feature is designed to provide comfort and reassurance. It highlights Samsung’s continued commitment to delivering powerful, connected experiences that help make users’ lives easier.
November 2023: Acronis, a global player in cyber protection, and Sourcepass, Inc. have announced their official partnership with the Philadelphia 76ers. The partnership will enhance the NBA team'steam's data backup strategy using Acronis'Acronis' advanced technology solutions to protect critical data and systems.The collaboration involving Sourcepass, the Philadelphia 76ers, and Acronis, represents a momentous achievement in Acronis' TeamUp mission to equip professional sports teams with world-class data hybrid cloud backup