Global Cloud Backup Software Market Overview:
Cloud backup is the future of all large and small organizations, data protection has become a strategic asset more and more organization are preferring cloud-based platform over the building physical disaster recovery site. It is a popular method of off-site data storage that is primarily aimed at information protection. The backup can be either private, public, or blended, due to cost-effectiveness, on-demand scalability and flexibility these solutions are widely accepted by the organizations. The advent of cloud computing has changed the data protection industry, the demand for protection data from the disaster has boosted the demand for the cloud backup software across the industries.
- Rising Adoption of Cloud Backup Solution and Services and Huge Volume of Data Generation Leading the Demand for the Cloud Backup Software in the Market
- The Growing Need of Advanced Level of Security and Data Protection If Disaster Strikes Is Driving The Demand for Cloud Backup Software
- Unreliable Cloud Service Providers Make Known to the Risk of Data Corruption
- The Time-Consuming Process of Recovery Using Cloud Backup Software Can Restrict the Growth
- The necessity of Sufficient Bandwidth to Enable Advanced Network Functionality and For Successful Backup of Data
The global Cloud Backup Software market is highly competitive and consists of a limited number of vendors who compete with each other. According to AMA research, the intense competition, changing consumer spending patterns, technological evolutions, and frequent changes in consumer preferences pose significant opportunities for the growth of Cloud Backup Software To gain a competitive edge in the market, the providers are highly investing in R&D to develop innovative solutions and stay updated with the emergent technologies that could influence their services.
Some of the key players profiled in the report are Acronis International GmbH (Switzerland), Asigra Inc. (Canada), Barracuda Networks, Inc. (United States), Carbonite Inc. (United States), Microsoft Corporation (United States), Veeam Software (Switzerland), Oracle Corporation (United States), IBM Corporation (United States), Amazon Web Services. (United States) and Datto, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Druva Software (United States), VMware Inc. (United States) and Barracuda Networks, Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Cloud Backup Software market by 2025. Considering Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Cloud Backup Software market. Considering Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Cloud Backup Software market. Considering Market by Component , the sub-segment i.e. Solution will boost the Cloud Backup Software market. Considering Market by End user, the sub-segment i.e. Individuals will boost the Cloud Backup Software market. Considering Market by Deployment , the sub-segment i.e. Private will boost the Cloud Backup Software market.
In December 2019 Cloud Ally a leading SaaS backup and recovery solution’s cloud backup software named Cloud Ally’s Office 365 is ranked in top five of Newsweek’s Best Business Tools of 2019. Cloud Ally is the first to build an office 365 cloud to cloud solution., and For Instance, In February 2020 Commvault United State Data Protection And Data Management Software Provider Has Announced The Achievement For The Complete Backup And Recovery (V11) Received The Gold Award In Backup And DR Software, Hardware And Services In Search Storage And TechTarget's Storage Magazine Of The Year Awards.
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Backup Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Backup Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Cloud Backup SoftwareProviders, Software Service Providers and End-User Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.