[April 05, 2018]

Global Cloud Backup Market Research Report 2018: Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023 - ResearchAndMarkets.com

The "Global Cloud Backup Market Research Report,Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

The global cloud backup market is expected to rise with a CAGR of 26% during forecast period 2016-2023.

The key factors driving the growth of global cloud backup market are generation of huge quantity of data, rising adoption of Software as a Service (SaaS (News - Alert)), cloud storage provide low cost application and infrastructure, increasing demand for cloud storage solution for secure and efficient data access.

Geographically, North America is the leading region for global cloud backup market in terms of market revenue share. This is due to workload shift to cloud environment. However, Asia-Pacific is expected to emerge as the fastest growing region over forecast period 2016-2023 due to huge quantity data generation which have promoted the adoption of data management services, with the cloud environment are driving the market growth in this region. Enterprises in Asia-Pacific, mainly India and China are developing their IT infrastructure through the new technology for optimum utilization of existing systems and data.

Global cloud ackup market is influenced by presence of leading companies such as Acronis International GmbH, Asigra Inc., Commvault, Microsoft (News - Alert) Corporation, Veeam Software, etc. Product launch, joint venture, merger and acquisition are some of the crucial strategies adopted by the key market players to gain competitive advantage.

Market Determinants

Market Drivers

• Generation Of Huge Quantity Of Data
• Rising Adoption Of Software As A Service (SaaS)
• Cloud Storage Provide Low Cost Application And Infrastructure
• Increasing Demand For Cloud Storage Solution For Secure & Efficient Data Access

Market Restraints

• Compatibility Concerns For Certain Applications With The Cloud Environment
• Growing Concern For Data Privacy

Market Opportunities

• High Adoption Rate Of Hybrid Cloud
• Growing Adoption Among SMEs

Market Challenges

• Increasing Complexities Of Bandwidth (News - Alert) Limitations
• Difficulty In Achieving Compliance

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

• Acronis International GmbH (Switzerland)
• Asigra Inc. (Canada)
• Barracuda Networks (News - Alert), Inc. (U.S.)
• Carbonite Inc. (U.S.)
• Code42 Software Inc. (U.S.)
• Commvault (U.S.)
• Datto Inc. (U.S.)
• Dell Emc (U.S.)
• Druva Software (U.S)
• Efolder Inc. (U.S.)
• IBM Corporation (U.S.)
• Iron Mountain (News - Alert) Incorporated (U.S.)
• Microsoft Corporation (U.S.)
• Oracle Corporation (U.S.)
• Strategic Analysis
• Veeam Software (Switzerland)

For more information about this report visit https://www.researchandmarkets.com/research/97g5m5/global_cloud?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180405005813/en/

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