Global Cloud Backup Market to Reach USD 33.46 Billion by 2032

February 2025 | 285 pages | ID: GD64A3B23D93EN
Bizwit Research & Consulting LLP

Abstracts

The Global Cloud Backup Market, valued at approximately USD 4.69 billion in 2023, is expected to grow at a robust CAGR of 24.40% over the forecast period from 2024 to 2032. The increasing adoption of cloud-based solutions across various industries is significantly driving market expansion. As businesses generate an enormous volume of data, the need for secure, scalable, and cost-effective backup solutions has surged dramatically. Cloud backup services offer enterprises the ability to protect critical data against loss, cyber threats, and operational disruptions while ensuring seamless recovery. The market is witnessing increased investments in artificial intelligence and machine learning-driven backup solutions, enhancing data security, automation, and efficiency.

Another major driving force behind the rapid adoption of cloud backup solutions is the growing frequency of cyberattacks, ransomware threats, and data breaches. Companies are now prioritizing resilient backup strategies to safeguard sensitive information and ensure business continuity. Furthermore, the shift toward remote work, fueled by digital transformation initiatives, has heightened the demand for cloud storage and backup services. Organizations are focusing on multi-cloud backup strategies to mitigate the risks associated with vendor lock-in and optimize performance.

The Global Cloud Backup Market is also benefiting from regulatory compliance mandates that require businesses to implement stringent data protection measures. With various industries, including BFSI, healthcare, and government sectors, adopting compliance-driven cloud backup solutions, the market is poised for steady growth. However, challenges such as high initial deployment costs, concerns over data privacy, and potential downtime risks during migration may hinder market expansion. Service providers are addressing these challenges by introducing flexible pricing models, encryption-based security frameworks, and hybrid cloud backup solutions.

In terms of regional outlook, North America continues to dominate the global cloud backup market due to its well-established cloud infrastructure, extensive enterprise adoption, and strong presence of key market players. The region is home to leading cloud service providers that are continuously innovating and expanding their portfolio. Meanwhile, Asia Pacific is anticipated to witness the fastest growth over the forecast period, driven by the rapid digitization of enterprises, increased internet penetration, and growing investments in cloud computing technologies. Europe is also a key player, with regulatory frameworks such as GDPR encouraging organizations to enhance data protection strategies through cloud backup solutions.

Major Market Players Included in This Report:

• Amazon Web Services, Inc.
• IBM Corporation
• Microsoft Corporation
• Google LLC
• Dell Technologies Inc.
• Oracle Corporation
• Acronis International GmbH
• Commvault Systems, Inc.
• Veeam Software
• Cohesity, Inc.
• Druva Inc.
• Rubrik, Inc.
• Backblaze, Inc.
• Barracuda Networks, Inc.
• Datto, Inc.

The Detailed Segments and Sub-Segment of the Market are Explained Below:

By Component:

• Solutions
• Services

By Solution:

• Cloud Storage
• Cloud Backup & Recovery
• Data Archiving

By Deployment:

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Enterprise Size:

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Service Providers:

• Managed Service Providers (MSPs)
• Cloud Service Providers (CSPs)
• Telecommunications Providers

By End-Use:

• BFSI
• Healthcare
• IT & Telecom
• Government
• Retail & E-commerce
• Others

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa

Years Considered for the Study:

• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways:

• Market estimates and forecasts spanning 10 years from 2022 to 2032.
• Annualized revenue analysis at both global and regional levels.
• In-depth geographical breakdown with country-level insights for major regions.
• Competitive landscape assessment, covering key players and their strategic developments.
• Evaluation of key business strategies and future market approaches.
• Structural analysis of market competition.
• Demand-side and supply-side assessments of the market trends.

Contents

Tabel of contents

CHAPTER 1. GLOBAL CLOUD BACKUP MARKET EXECUTIVE SUMMARY

1.1. Global Cloud Backup Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Component
  1.3.2. By Solution
  1.3.3. By Deployment
  1.3.4. By Enterprise Size
  1.3.5. By Service Providers
  1.3.6. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL CLOUD BACKUP MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL CLOUD BACKUP MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Adoption of Cloud-based Solutions & Data Volume Growth
  3.1.2. Investments in AI & ML-Driven Backup Solutions
  3.1.3. Demand for Enhanced Cybersecurity and Business Continuity
3.2. Market Challenges
  3.2.1. High Initial Deployment Costs
  3.2.2. Data Privacy Concerns and Regulatory Risks
  3.2.3. Downtime Risks During Migration
3.3. Market Opportunities
  3.3.1. Multi-cloud Backup Strategies and Vendor Diversification
  3.3.2. Regulatory Compliance and Enhanced Data Protection
  3.3.3. Expansion in Emerging Markets and Remote Work Trends

CHAPTER 4. GLOBAL CLOUD BACKUP MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

5.1. Segment Dashboard
5.2. Global Cloud Backup Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Solutions
  5.2.2. Services

CHAPTER 6. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY SOLUTION 2022-2032

6.1. Segment Dashboard
6.2. Global Cloud Backup Market: Solution Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Cloud Storage
  6.2.2. Cloud Backup & Recovery
  6.2.3. Data Archiving

CHAPTER 7. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY DEPLOYMENT 2022-2032

7.1. Segment Dashboard
7.2. Global Cloud Backup Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Public Cloud
  7.2.2. Private Cloud
  7.2.3. Hybrid Cloud

CHAPTER 8. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY ENTERPRISE SIZE 2022-2032

8.1. Segment Dashboard
8.2. Global Cloud Backup Market: Enterprise Size Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  8.2.1. Small & Medium Enterprises (SMEs)
  8.2.2. Large Enterprises

CHAPTER 9. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY SERVICE PROVIDERS 2022-2032

9.1. Segment Dashboard
9.2. Global Cloud Backup Market: Service Providers Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  9.2.1. Managed Service Providers (MSPs)
  9.2.2. Cloud Service Providers (CSPs)
  9.2.3. Telecommunications Providers

CHAPTER 10. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY END-USE 2022-2032

10.1. Segment Dashboard
10.2. Global Cloud Backup Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  10.2.1. BFSI
  10.2.2. Healthcare
  10.2.3. IT & Telecom
  10.2.4. Government
  10.2.5. Retail & E-commerce
  10.2.6. Others

CHAPTER 11. GLOBAL CLOUD BACKUP MARKET SIZE & FORECASTS BY REGION 2022-2032

11.1. North America Cloud Backup Market
  11.1.1. U.S. Cloud Backup Market
    11.1.1.1. Component Breakdown Size & Forecasts, 2022-2032
    11.1.1.2. End-use Breakdown Size & Forecasts, 2022-2032
  11.1.2. Canada Cloud Backup Market
11.2. Europe Cloud Backup Market
  11.2.1. U.K. Cloud Backup Market
  11.2.2. Germany Cloud Backup Market
  11.2.3. France Cloud Backup Market
  11.2.4. Spain Cloud Backup Market
  11.2.5. Italy Cloud Backup Market
  11.2.6. Rest of Europe Cloud Backup Market
11.3. Asia-Pacific Cloud Backup Market
  11.3.1. China Cloud Backup Market
  11.3.2. India Cloud Backup Market
  11.3.3. Japan Cloud Backup Market
  11.3.4. Australia Cloud Backup Market
  11.3.5. South Korea Cloud Backup Market
  11.3.6. Rest of Asia-Pacific Cloud Backup Market
11.4. Latin America Cloud Backup Market
  11.4.1. Brazil Cloud Backup Market
  11.4.2. Mexico Cloud Backup Market
  11.4.3. Rest of Latin America Cloud Backup Market
11.5. Middle East & Africa Cloud Backup Market
  11.5.1. Saudi Arabia Cloud Backup Market
  11.5.2. UAE Cloud Backup Market
  11.5.3. South Africa Cloud Backup Market
  11.5.4. Rest of Middle East & Africa Cloud Backup Market

CHAPTER 12. COMPETITIVE INTELLIGENCE

12.1. Key Company SWOT Analysis
  12.1.1. Amazon Web Services, Inc.
  12.1.2. IBM Corporation
  12.1.3. Microsoft Corporation
12.2. Top Market Strategies
12.3. Company Profiles
  12.3.1. Amazon Web Services, Inc.
    12.3.1.1. Key Information
    12.3.1.2. Overview
    12.3.1.3. Financial (Subject to Data Availability)
    12.3.1.4. Product Summary
    12.3.1.5. Market Strategies
  12.3.2. IBM Corporation
  12.3.3. Microsoft Corporation
  12.3.4. Google LLC
  12.3.5. Dell Technologies Inc.
  12.3.6. Oracle Corporation
  12.3.7. Acronis International GmbH
  12.3.8. Commvault Systems, Inc.
  12.3.9. Veeam Software
  12.3.10. Cohesity, Inc.
  12.3.11. Druva Inc.
  12.3.12. Rubrik, Inc.
  12.3.13. Backblaze, Inc.
  12.3.14. Barracuda Networks, Inc.
  12.3.15. Datto, Inc.

CHAPTER 13. RESEARCH PROCESS

13.1. Research Process
  13.1.1. Data Mining
  13.1.2. Analysis
  13.1.3. Market Estimation
  13.1.4. Validation
  13.1.5. Publishing
13.2. Research Attributes