February 15, 2019: Global cloud backup markets is expected to witness a higher CAGR in the forecast period. The cloud backup market is driven by rise in
adoption of mobile devices and ease of access for cloud backup technology
coupled with rise in data accessibility via Internet. In addition, rise in
internet users and increase in technological approach to determine loopholes in
the network are expected to contribute to the market growth in the forecast
period. However Cory Schneider USA Jersey , threat of identity theft, server failure and infrequent backups due to power cuts is likely to curb the market growth in the
forecast period.
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A major trend that influences the growth of cloud backup market includes cloud backup for VM environment. Enterprises are now striving to adopt to
virtualization in the coming years to offer major benefits of virtualization.
By component, the cloud backup market is segmented into service and solution. Service category is further segmented into cloud service provider, managed
service provider, communication provider and telecom. Deployment model is
further segmented into small & medium enterprises. By industry, the cloud
backup market is segmented into financial services Brian Rafalski USA Jersey , consumer goods, education, media, entertainment, life sciences and healthcare.
Geographical segmentation for cloud backup markets includes North America, South America Brandon Dubinsky USA Jersey , Europe, Asia-Pacific, Middle East and Africa. North American and European market accounts for a strong market position due to
rise in data solutions and high network bandwidth. European market enjoys a
significant position in the global scenario due to rise in cloud deployment
technologies and need for cloud in VM environment.
Asia-Pacific regions account for a significant market positions in the global arena with growth factors such as presence of small and medium enterprises
engaged in internet business and need for robust technologies for operations.
The key players in the cloud backup market include Microsoft Corporation, Amazon
Web Services Inc, VMware Inc, Dropbox Inc Blake Wheeler USA Jersey , Oracle Inc, EMC Corporation and Rockspace Hosting Inc.
Worldwide markets are poised to achieve continuing growth as Cloud Backup markets respond to the advantages brought by mega data centers for cloud
computing. The quality and the customization of mega data centers are
significant market growth drivers. Automation of process is a key efficiency
tool.
Worldwide Cloud Backup has many applications: IoT, the Internet of things is the largest. Self-driving cars, drones, robots, artificial
intelligence Ben Bishop USA Jersey , and data center core storage.
Cloud-backup markets get really, really big by 2024, $190.5 billion. The reason is that all computing moves to the cloud and all smart devices and IoT
store data in the cloud. Augmented reality, self-driving cars, robots, drones
all generate significant amounts of data from small smart devices and processors
inside things. That data gets stored in the cloud. This data is manipulated with
analytics and accessed as information from many different sources.
With 2 trillion IoT processors and devices anticipated to be in place by 2024 USA World Cup Jersey , there is a lot of data generated on a daily basis. While not all of it is stored
or backed up, a lot of the data needs to be used again in analytics, hence the
growth of cloud storage markets. Once the data is stored, it can be accessed
again and used, which is a back-up function.
Worldwide, the Cloud Backup market at $21.7 billion market in 2017 USA Hockey Jersey , is expected to reach $190.5 billion by 2024. Growth is a result of the implementation of the digital economy. Geographically, this report
is split into the US, Europe, Asia, the Middle East and Africa.
Companies Profiled
Market Leaders
IBM Amazon Microsoft Google Iron Mountain Incorporated Veeam Software Barracuda Networks Carbonite Autotask Datto Asigra Acronis International GmbH
Code42 Software Datto Druva Software Efolder
Key Topics?
Cloud Backup Markets Cloud Virtual Machine Platform Stack-Services Mega Data Centers Cloud CSP Cloud MSP Cloud Telco High-Performance Switches Software
Defined Data Center Customer Base Storage Private Cloud Public Cloud Hybrid
Cloud Social Media Always on Data Centers Robust, Quality Cloud Computing
Networking Performance Scalable Infrastructure Data Management Component
Microservices Virtual Machines Hypervisor Open Compute
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