Published by Coherent Market Insights
Posted on September 20, 2021
4 min readLast updated: February 5, 2026
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The cloud backup market is expected to grow significantly, driven by online backup solutions and increased cloud service adoption post-Covid-19.
United States/WA: The global cloud backup market is projected to value at US$ 1287 million in 2017 and is projected to reach US$ 6367 million by 2025. The market is estimated to witness a CAGR of 22.1 % over the forecast period (2017 – 2025).
Report Pages:[150 Pages]
Competitive Landscape:
Major players operating in the global cloud backup market include, Amazon Web Services, Barracuda Networks, Inc., Code42 Software, Inc., Datto, Inc., Dropbox, Inc., Druva Software, EMC Corporation, Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Veeam Software, and VMware Inc.
According to the new market research report “Cloud Backup Market by Component (Solution and Services), by solution (Personal Backup, Business Backup and Cloud backup for Service providers), by services (Management and Customization, Professional Services, Training & consulting and Integration) by Deployment model (Public, Private and Hybrid Cloud), by Organization Size (Small and Medium Enterprises and Large Enterprises), by Verticals (Banking, Financial Services, and Insurance, Consumer Goods and Retail, Education, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Telecommunication & Ites and Others), and Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),-Global Forecast to 2025″ is projected to generate the revenue of US$1287 million in 2017 and is expected to reach US$ 6367 million by 2025.
Market Overview:
Several service providers offer cloud backup services with various levels of reliability and performance. An average Cloud backup service provides an excellent chance for data preservation through various forms of remote, durable storage. Services offered include data deduplication, or the ability to re-arrange data on-demand, across multiple servers to accommodate growing requests; data deduplication is done automatically, when data is stored in a Cloud data center.
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Key Market Drivers:
Increasing adoption of online backup solutions is expected to propel growth of the global cloud backup market over the forecast period. For instance, in August 2021, BDO New Zealand, a network of independently-owned accounting practices, implemented an AvePoint party SharePoint Online backup solution that will allow it to demonstrate compliance with government-mandated retention policies.
Moreover, increasing M&A activities are also expected to aid in growth of the global cloud backup market over the forecast period. For instance, in December 2020, Google signed a deal to acquire Actifio, a data management company focused on backup and disaster recovery.
Covid-19 Impact Analysis
Post Covid-19, many organizations have increased their usage of cloud services. The pandemic has also led to increase in adoption of work from home. With many organizations adding more cloud services and further expanding hybrid setups of on premise and cloud, the cloud backup market is expected to witness significant growth over the forecast period.
Key Takeaways
The cloud backup market is expected to exhibit a CAGR of 22.1% over the forecast period, owing to launch of new products. For instance, in August 2021, Amazon Web Services Inc. launched AWS Backup Audit Manager, a cloud tool that companies can use to check if their data protection processes are working as intended and complying with regulations.
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The post Increasing Adoption of Online Backup Solutions to Propel Growth of Cloud Backup Market appeared first on Gatorledger.
The article discusses the growth of the cloud backup market driven by the adoption of online backup solutions.
Covid-19 has accelerated the adoption of cloud services, boosting the cloud backup market.
Key players include Amazon Web Services, Google, IBM, Microsoft, and Oracle.
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