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Cloud Backup Market by Component (Solution & Services), Provider (Cloud Service Provider, Telecom & Communication Service Provider, & Managed Service Provider), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022

June 2017 | 137 pages | ID: CFE5EB9679EEN
MarketsandMarkets

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Huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS are driving the cloud backup market

The cloud backup market size is expected to grow from USD 1.30 billion in 2017 to USD 4.13 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The market is driven by factors, such as need for business agility, faster deployment and scalability, increasing awareness about cloud backup among enterprises globally, and reduced costs of ownership. However, enterprises face some obstacles while adopting cloud backup, such as bandwidth limitations, difficulty in achieving compliance and growing concerns over data privacy and governance.

System integration service is expected to have the fastest growth rate during the forecast period

System integration services help in solving complex problems and assure of cost-efficient business processes to produce a flexible environment that can fulfil performance, security, and availability. It provides facilities and frameworks for the integration of various platforms with third-party environments. The increasing trend of adopting the backup services is ultimately resulting in the growth of the system integration market segment.

North America is expected to hold the largest market share, Asia Pacific (APAC) to grow the fastest

North America is expected to hold the largest market during the forecast period, as organizations are shifting toward cloud-based solutions and services with the increasing adoption of digital business strategies. Furthermore, organizations have invested hugely on advanced technologies to gain competitive advantage and improve business operations. The APAC region is in the initial growth phase; however, it is the fastest growing region in the global cloud backup market. The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of cloud backup solutions to improve the operational issues.

The break-up profiles of primary participants are given below:
  • By company: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
  • By designation: C-level – 60%, Director level – 25%, and Others – 15%
  • By region: North America – 44%, Europe – 25%, APAC – 21%, and RoW – 10%
The following key cloud backup providers are profiled in the report:

1. Accenture (Dublin, Ireland)
2. Acronis International GmbH (Schaffhausen, Switzerland)
3. Asigra Inc. (Ontario, Canada)
4. Barracuda Networks, Inc. (California, US)
5. Carbonite, Inc. (Massachusetts, US)
6. Code42 Software, Inc. (Minnesota, US)
7. Datto, Inc. (Connecticut, US)
8. Druva Software (California, US)
9. International Business Machines Corporation (IBM; New York, US)
10. Iron Mountain Incorporated (Massachusetts, US)
11. Microsoft Corporation (Washington, US)
12. Oracle Corporation (California, US)
13. Veeam Software (Linden Park, Switzerland)

Research Coverage

The cloud backup market has been segmented on the basis of components, service providers, deployment models, organization size, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, products and services, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the cloud backup market.

The report will help the market leaders/new entrants in this market in the following ways:
  • This report segments the cloud backup market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
  • This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes vendor comparison of top market players in the cloud backup market.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
  2.1.2 PRIMARY DATA
    2.1.2.1 Breakdown of primaries by companies, by designation, and by region
    2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN CLOUD BACKUP MARKET
4.2 CLOUD BACKUP MARKET, BY DEPLOYMENT MODEL AND REGION, 2017
4.3 MARKET INVESTMENT SCENARIO
4.4 CLOUD BACKUP MARKET: TOP THREE VERTICALS, 2017–2022

5 MARKET OVERVIEW AND INDUSTRY TRENDS

5.1 INTRODUCTION
5.2 REGULATORY IMPLICATIONS
  5.2.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI-DSS)
  5.2.2 FEDERAL INFORMATION SECURITY MANAGEMENT ACT (FISMA)
  5.2.3 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION/INTERNATIONAL ELECTROTECHNICAL COMMISSION 27018
5.3 INNOVATION SPOTLIGHT
5.4 MARKET DYNAMICS
  5.4.1 DRIVERS
    5.4.1.1 Huge volume of generated data driving adoption of cloud backup
    5.4.1.2 Lower costs and greater efficiency than on-premises backup
    5.4.1.3 Growing adoption of SaaS driving demand for cloud backup
  5.4.2 RESTRAINTS
    5.4.2.1 Compatibility issues in certain applications with the cloud environment
  5.4.3 OPPORTUNITIES
    5.4.3.1 Growing adoption among SMEs
    5.4.3.2 High adoption rate of hybrid cloud to transform cloud backup market
  5.4.4 CHALLENGES
    5.4.4.1 Increasing complexities of bandwidth limitations
    5.4.4.2 Difficulty in achieving compliance
    5.4.4.3 Rising concerns over data privacy and governance

6 CLOUD BACKUP MARKET ANALYSIS, BY COMPONENT

6.1 INTRODUCTION
6.2 SOLUTION
6.3 SERVICES
  6.3.1 TRAINING AND CONSULTING
  6.3.2 SUPPORT AND MAINTENANCE
  6.3.3 SYSTEM INTEGRATION

7 CLOUD BACKUP MARKET ANALYSIS, BY SERVICE PROVIDER

7.1 INTRODUCTION
7.2 CLOUD SERVICE PROVIDERS (CSPS)
7.3 MANAGED SERVICE PROVIDERS (MSPS)
7.4 TELECOM AND COMMUNICATION SERVICE PROVIDERS (TSPS)
7.5 OTHERS

8 CLOUD BACKUP MARKET ANALYSIS, BY DEPLOYMENT MODEL

8.1 INTRODUCTION
8.2 PUBLIC CLOUD
8.3 PRIVATE CLOUD
8.4 HYBRID CLOUD

9 CLOUD BACKUP MARKET ANALYSIS, BY ORGANIZATION SIZE

9.1 INTRODUCTION
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
9.3 LARGE ENTERPRISES

10 CLOUD BACKUP MARKET ANALYSIS, BY VERTICAL

10.1 INTRODUCTION
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
10.3 CONSUMER GOODS AND RETAIL
10.4 EDUCATION
10.5 GOVERNMENT AND PUBLIC SECTOR
10.6 HEALTHCARE AND LIFE SCIENCES
10.7 MANUFACTURING
10.8 MEDIA AND ENTERTAINMENT
10.9 TELECOMMUNICATION AND ITES
10.10 OTHERS

11 GEOGRAPHIC ANALYSIS

11.1 INTRODUCTION
11.2 NORTH AMERICA
11.3 EUROPE
11.4 ASIA PACIFIC (APAC)
11.5 MIDDLE EAST AND AFRICA (MEA)
11.6 LATIN AMERICA

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
  12.1.1 VANGUARDS
  12.1.2 INNOVATORS
  12.1.3 DYNAMIC
  12.1.4 EMERGING
12.2 CLOUD BACKUP MARKET: COMPETITIVE BENCHMARKING

13 COMPANY PROFILES

13.1 ACRONIS

(Overview, Company Scorecard, Product Offerings, Business Strategies, and Recent Developments)*

13.2 ASIGRA
13.3 BARRACUDA
13.4 CARBONITE
13.5 CODE42
13.6 DATTO
13.7 DRUVA SOFTWARE
13.8 EFOLDER
13.9 IBM
13.10 IRON MOUNTAIN
13.11 MICROSOFT
13.12 VEEAM SOFTWARE

*Details on Overview, Company Scorecard, Product Offerings, Business Strategies, and Recent Developments might not be captured in case of unlisted companies.

14 APPENDIX

14.1 KEY INDUSTRY INSIGHTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.5 AVAILABLE CUSTOMIZATIONS
14.6 RELATED REPORTS
14.7 AUTHOR DETAILS

LIST OF TABLES

Table 1 USD EXCHANGE RATE, 2014–2016
Table 2 CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 3 SOLUTION: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 4 SERVICES: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 5 CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 6 TRAINING AND CONSULTING SERVICES: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 7 SUPPORT AND MAINTENANCE SERVICES: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 8 SYSTEM INTEGRATION: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 9 CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 10 CSPS: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 11 MSPS: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022(USD MILLION)
Table 12 TSPS: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 13 OTHERS: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 14 CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 15 PUBLIC CLOUD DEPLOYMENT MODEL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 16 PRIVATE CLOUD DEPLOYMENT MODEL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 17 HYBRID CLOUD DEPLOYMENT MODEL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 18 CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 19 SMES: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 20 LARGE ENTERPRISES: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 21 CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 22 BFSI VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 23 CONSUMER GOODS AND RETAIL VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 24 EDUCATION VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 25 GOVERNMENT AND PUBLIC SECTOR VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 26 HEALTHCARE AND LIFE SCIENCES VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 27 MANUFACTURING VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 28 MEDIA AND ENTERTAINMENT VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 29 TELECOMMUNICATION AND ITES VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 30 OTHERS VERTICAL: CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 31 CLOUD BACKUP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table 32 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 33 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 34 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 35 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 36 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 37 NORTH AMERICA: CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 38 EUROPE: CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 39 EUROPE: CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 40 EUROPE: CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 41 EUROPE: CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 42 EUROPE: CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 43 EUROPE: CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 44 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 45 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 46 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 47 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 48 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 49 ASIA PACIFIC: CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 50 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 51 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 52 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 53 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 54 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 55 MIDDLE EAST AND AFRICA: CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 56 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table 57 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table 58 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY SERVICE PROVIDER, 2015–2022 (USD MILLION)
Table 59 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY DEPLOYMENT MODEL, 2015–2022 (USD MILLION)
Table 60 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table 61 LATIN AMERICA: CLOUD BACKUP MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
Table 62 CLOUD BACKUP MARKET: RANKING ANALYSIS

LIST OF FIGURES

Figure 1 CLOUD BACKUP MARKET: MARKET SEGMENTATION
Figure 2 CLOUD BACKUP MARKET: RESEARCH DESIGN
Figure 3 DATA TRIANGULATION
Figure 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 6 CLOUD BACKUP MARKET: ASSUMPTIONS
Figure 7 SOLUTION SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 8 TRAINING AND CONSULTING SERVICES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 9 GLOBAL CLOUD BACKUP MARKET: NORTH AMERICA TO HOLD LARGEST SHARE IN 2017
Figure 10 CLOUD BACKUP MARKET SEGMENTS WITH LARGEST SHARE
Figure 11 HUGE VOLUME OF GENERATED DATA AND GROWING ADOPTION OF SAAS TO DRIVE MARKET GROWTH DURING FORECAST PERIOD
Figure 12 PUBLIC CLOUD AND NORTH AMERICA TO HOLD LARGEST MARKET SHARES IN 2017
Figure 13 APAC TO EMERGE AS BEST MARKET FOR INVESTMENTS DURING FORECAST PERIOD
Figure 14 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE IN 2017 (USD MILLION)
Figure 15 CLOUD BACKUP MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
Figure 16 SOLUTION SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 17 TRAINING AND CONSULTING SERVICES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 18 CSPS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 19 PUBLIC CLOUD DEPLOYMENT MODEL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 20 LARGE ENTERPRISES TO HOLD HIGHER MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 21 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 22 NORTH AMERICA TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
Figure 23 NORTH AMERICA: CLOUD BACKUP MARKET SNAPSHOT
Figure 24 APAC: CLOUD BACKUP MARKET SNAPSHOT
Figure 25 MICROQUADRANT CHART
Figure 26 PRODUCT OFFERING COMPARISON
Figure 27 BUSINESS STRATEGY COMPARISON
Figure 28 ACRONIS: PRODUCT OFFERING SCORECARD
Figure 29 ACRONIS: BUSINESS STRATEGY SCORECARD
Figure 30 ASIGRA: PRODUCT OFFERING SCORECARD
Figure 31 ASIGRA: BUSINESS STRATEGY SCORECARD
Figure 32 BARRACUDA: COMPANY SNAPSHOT
Figure 33 BARRACUDA: PRODUCT OFFERING SCORECARD
Figure 34 BARRACUDA: BUSINESS STRATEGY SCORECARD
Figure 35 CARBONITE: COMPANY SNAPSHOT
Figure 36 CARBONITE: PRODUCT OFFERING SCORECARD
Figure 37 CARBONITE: BUSINESS STRATEGY SCORECARD
Figure 38 CODE42: PRODUCT OFFERING SCORECARD
Figure 39 CODE42: BUSINESS STRATEGY SCORECARD
Figure 40 DATTO: PRODUCT OFFERING SCORECARD
Figure 41 DATTO: BUSINESS STRATEGY SCORECARD
Figure 42 DRUVA SOFTWARE: PRODUCT OFFERING SCORECARD
Figure 43 DRUVA SOFTWARE: BUSINESS STRATEGY SCORECARD
Figure 44 EFOLDER: PRODUCT OFFERING SCORECARD
Figure 45 EFOLDER: BUSINESS STRATEGY SCORECARD
Figure 46 IBM: COMPANY SNAPSHOT
Figure 47 IBM: PRODUCT OFFERING SCORECARD
Figure 48 IBM: BUSINESS STRATEGY SCORECARD
Figure 49 IRON MOUNTAIN: COMPANY SNAPSHOT
Figure 50 IRON MOUNTAIN: PRODUCT OFFERING SCORECARD
Figure 51 IRON MOUNTAIN: BUSINESS STRATEGY SCORECARD
Figure 52 MICROSOFT: COMPANY SNAPSHOT
Figure 53 MICROSOFT: PRODUCT OFFERING SCORECARD
Figure 54 MICROSOFT: BUSINESS STRATEGY SCORECARD
Figure 55 VEEAM SOFTWARE: PRODUCT OFFERING SCORECARD
Figure 56 VEEAM SOFTWARE: BUSINESS STRATEGY SCORECARD


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