Global Cloud Backup and Recovery Service Market Growth (Status and Outlook) 2023-2029

Global Cloud Backup and Recovery Service Market Growth (Status and Outlook) 2023-2029

The global Cloud Backup and Recovery Service market size is projected to grow from US$ 7317.3 million in 2022 to US$ 18430 million in 2029; it is expected to grow at a CAGR of 14.1% from 2023 to 2029.

The ever-expanding demand for remote data and recovery, the public's pursuit of cloud information, and the increasing emphasis on information security by enterprises are the key factors driving the revenue growth of the cloud backup and recovery service market.

Cloud backup is an offsite storage solution that can be used to back up sensitive data and applications. Cloud data backup allows a user to restore his data anytime and anywhere with an internet connection.

LPI (LP Information)' newest research report, the “Cloud Backup and Recovery Service Industry Forecast” looks at past sales and reviews total world Cloud Backup and Recovery Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud Backup and Recovery Service sales for 2023 through 2029. With Cloud Backup and Recovery Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud Backup and Recovery Service industry.

This Insight Report provides a comprehensive analysis of the global Cloud Backup and Recovery Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud Backup and Recovery Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud Backup and Recovery Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud Backup and Recovery Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud Backup and Recovery Service.

This report presents a comprehensive overview, market shares, and growth opportunities of Cloud Backup and Recovery Service market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Private Cloud
Public Cloud
Hybrid Cloud

Segmentation by application
Financial Insurance
Government Department
Medical Insurance
Telecommunications and IT
Retail Industry
Manufacturing Field
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft Corporation
Veritas Technologies
Carbonite
Actifio
Acronis International
Broadcom
CommVault Systems
International Business Machines
Redstor Limited
Rackspace
Veeam Software
Dell EMC
Rubrik
Cohesity
Druva
AISHU Technology
Chengdu Zhong Chuang Yun Xun Technology
Tencent Cloud Computing
Alibaba Cloud Computing
Tianyiyun Technology

Please note: The report will take approximately 2 business days to prepare and deliver.