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Cloud Backup Market by Component, Provider, Deployment Model, Organization Size, Vertical And Region - Global Forecast to 2022

Cloud Backup Market: Global Forecast until 2022

  • June 2017
  • 137 pages
  • ID: 4950101
In this report:
APAC is expected to be the fastest-growing region with a share of ##.##% of the global cloud backup market by 2022.
Moreover, IBM has been investing a substantial percentage of its annual revenues in R&D. As a part of its organic strategy, the company increased its investments in R&D from ##.##% of annual revenues in 2015 to ##.##% in 2016.
North America is expected to account for a share of almost ##.## % of the global cloud backup market share in 2017, as this region is one of the early adopters of cloud technologies.


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

The cloud backup market size is forecasted to grow from ~$1.3B in 2017 to ~$4.1B by 2022, at a Compound Annual Increase rate of 26.10 percent during the forecast period. The sector is influenced by factors, including need for business agility, faster deployment and scalability, growing awareness about cloud backup among firms globally, and reduced costs of ownership. On the other hand, companies face some obstacles while adopting cloud backup, including bandwidth limitations, difficulty in achieving compliance and increasing concerns over data privacy and governance

System integration service is forecasted to have the quickest rise rate during the estimate 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 accessibility. It offers facilities and frameworks for the integration of different platforms with third-party environments. The rising trend of adopting the backup services is ultimately resulting in the increase of the system integration market segment.

North America continent is intended to hold the biggest market share, Asia Pacific (APAC) to grow the quickest

North America (NA) is forecasted to hold the biggest market during the outlook period, as institutions are shifting toward cloud-based solutions and services with the growing adoption of digital business strategies. Moreover, institutions have invested hugely on advanced technologies to benefit opposing advantage and improve business operations. The Asia-Pacific regions is in the initial increase phase; nevertheless, it is the fastest growing area in the overall cloud backup market.

The top reasons for the high increase rate in Asia-Pacific contain the positive economic outlook in the territory, rised spending on Information Technology infrastructure, and the tendency of cloud backup solutions to enhance the operational issues.

The break-up profiles of primary participants are given below:

• By organization: Tier 1 - 43.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By description: C-suite - 60.0 percent, D-level - 25.0 percent, and Others - 15.0 percent

• By area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

Segment Research

The cloud backup market has been split on the basis of components, service providers, deployment models, organization size, verticals, and localities. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, products and services, top strategies, recent product launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the cloud backup market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the cloud backup market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report will facilitate partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes vendor comparison of top market actors in the cloud backup market.

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