Global Cloud Backup Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Solution and Services.

By Deployment Model;

Public Cloud, Private Cloud and Hybrid Cloud.

By Organization Size;

Small & Medium-Sized Businesses (SMBS) and Large Enterprises.

By Vertical;

BFSI, IT & Telecom, Media & Entertainment and Retail.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn441678384 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Cloud Backup Market (USD Million), 2021 - 2031

In the year 2024, the Global Cloud Backup Market was valued at USD 5,393.95 million. The size of this market is expected to increase to USD 27,499.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 26.2%.

The global cloud backup market is experiencing exponential growth, driven by the escalating volume of digital data generated by businesses and the imperative to protect and manage this data efficiently. Cloud backup solutions offer organizations a secure and scalable means to store and recover their data remotely, leveraging the advantages of cloud computing infrastructure. As enterprises navigate the complexities of data management and seek to mitigate the risks of data loss or corruption, cloud backup solutions have emerged as indispensable tools in their IT arsenal.

One of the primary drivers of the global cloud backup market is the relentless growth of digital data across industries. With the advent of digital transformation initiatives, the proliferation of mobile devices, and the rise of IoT technologies, organizations are generating vast amounts of data that require reliable backup and recovery mechanisms. Cloud backup solutions provide businesses with the flexibility to store data securely off-site, reducing the reliance on traditional on-premise backup infrastructure and minimizing the risk of data loss due to hardware failures, cyber attacks, or natural disasters. Additionally, cloud backup solutions offer rapid data recovery capabilities, enabling organizations to restore critical business data swiftly and ensure continuity in the event of an outage or data loss incident.

The increasing emphasis on data security and compliance is driving the adoption of cloud backup solutions among organizations of all sizes. With stringent regulatory requirements and the growing threat of cyber attacks, businesses are seeking robust backup solutions that offer encryption, data deduplication, and compliance-driven features. Cloud backup providers offer built-in security measures and adhere to industry best practices to safeguard data against unauthorized access or breaches, providing organizations with peace of mind and assurance that their data is protected.

The adoption of cloud backup solutions, as remote work becomes the new norm and organizations grapple with distributed IT environments. With employees accessing corporate data from diverse locations and devices, organizations are increasingly reliant on cloud backup solutions to ensure data availability, security, and compliance. Cloud backup solutions facilitate remote data access and recovery, enabling IT teams to address data loss or corruption issues efficiently, regardless of their physical location.

In conclusion, the global cloud backup market is witnessing rapid growth driven by the exponential growth of digital data, the need for data protection and compliance, and the shift towards remote work and digital collaboration. As organizations prioritize data resilience and continuity in an increasingly digitized world, the demand for cloud backup solutions is expected to continue growing, presenting significant opportunities for vendors to innovate and address the evolving needs of businesses across industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Deployment Model
    3. Market Snapshot, By Organization Size
    4. Market Snapshot, By Vertical
    5. Market Snapshot, By Region
  4. Global Cloud Backup Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Hybrid cloud adoption

        2. Digital transformation

        3. Compliance requirements

        4. Data loss prevention

      2. Restraints
        1. Data privacy regulations

        2. Compliance challenges

        3. Bandwidth limitations

        4. Data sovereignty issues

      3. Opportunities
        1. Data security enhancements

        2. Disaster recovery as a service

        3. Ransomware protection

        4. Multi-cloud backup solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cloud Backup Market, By Component, 2021 - 2031 (USD Million)
      1. Solution
      2. Services
    2. Global Cloud Backup Market, By Deployment Model, 2021 - 2031 (USD Million)
      1. Public Cloud
      2. Private Cloud
      3. Hybrid Cloud
    3. Global Cloud Backup Market, By Organization Size, 2021 - 2031 (USD Million)
      1. Small & Medium-Sized Businesses (SMBS)
      2. Large Enterprises
    4. Global Cloud Backup Market, By Vertical, 2021 - 2031 (USD Million)
      1. BFSI
      2. IT & Telecom
      3. Media & Entertainment
      4. Retail
    5. Global Cloud Backup Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Acronis International GmbH
      2. Asigra Inc.
      3. Barracuda Networks, Inc.
      4. Carbonite, Inc.
      5. Code42 Software, Inc.
      6. Datto, Inc.
      7. Druva Software
      8. Efolder, Inc.
      9. International Business Machines Corporation
      10. Iron Mountain Incorporated
      11. Microsoft Corporation
      12. Veeam Software
  7. Analyst Views
  8. Future Outlook of the Market