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Cloud Backup Market - Opportunities and Forecast, 2017-2023

Software and Services	IC_183889	Pages: NA	Jul 2018 \| 315 Views
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Cloud storage is a method used to store a huge amount of information online, which can be accessed remotely at any time. It helps the user back up the data online, instead of storing them offsite, which can be expensive. Some of the salient features of cloud backup are improved real-time accessibility, low implementation cost, user-friendly technology, and availability of the data at any remote location. Limitation of storage and poor support for cloud backup are some disadvantages of the cloud backup technology.

Increase in the adoption of mobile devices and easy deployment of cloud backup technology is driving the cloud backup market over the years. However, data accessibility through Internet poses the threat of identity theft, which is a restraint to the market growth. In addition, lack of high network bandwidth and strict government rules limit the adoption of cloud-backup technique. Increase in the number of mobile Internet users and need of technologically advanced solutions are anticipated to boost the market growth further during the forecast period.

The market is characterized by its growth stage and presence of a large number of small and mid-size vendors. The key players are adopting strategies such as acquisition and partnership to increase their product line and services; for example, Amazon web services Inc. acquired Elemental Technologies Inc. in September 2015.

The global cloud backup market is segmented on the basis of component, service provider, organization size, industry vertical, and geography. Based on component, the market is divided into solution and service segments. Based on service provider, the market is segmented into managed service provider, cloud service provider, telecom and communication provider, and others. By deployment model, the cloud backup market is segmented into large and small & medium enterprises. On the basis of industry vertical, the market is divided into banking, financial services, and insurance (BFSI), consumer goods and retail, education, manufacturing, media and entertainment, public sector, healthcare and life sciences, and others. Based on geography, mobile backup market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Amazon Web Services Inc., Microsoft Corporation, IBM Corporation, VMware Inc., Dropbox Inc., Google Inc., Oracle Corporation, HP Enterprise Company, EMC Corporation, and Rockspace Hosting Inc. are some of the leading key players of cloud backup market.

Key Benefits

Qualitative analysis has been performed in order to understand current market scenario.
The report includes in-depth analysis of cloud backup market, outlining the possible driving factors, restraints, and opportunities.
The report provides highlights of top investment pockets, key impacting factors, and wining strategies for the global cloud backup market.
Key players of the market have been identified with their market strategies such as product launch, mergers & acquisitions, and partnerships among others.
Comprehensive analysis of factors that drive and restrict the growth of the global cloud backup market is provided. For instance, increasing BYOD trend drives the global cloud backup market. However, security of the data is likely to be a major restraint of the market.
Extensive analysis of the cloud backup market is conducted by monitoring the top competitors within the market framework.
The report contains in depth quantitative analysis of current and future market estimations through 2016-2023, which helps in recognizing the appealing market opportunities

Cloud Backup Market Key Segments:

By Component

Solution
Service

By Service Provider

Managed Service Provider
Cloud Service Provider
Telecom and Communication Provider
Others

By Deployment Mode

Public
Private
Hybrid

By Organization Size

Large enterprises
Small and Medium Enterprises (SMEs)

By Industry Vertical

Banking, Financial Services, and Insurance (BFSI)
Consumer Goods and Retail
Education
Manufacturing
Media and Entertainment
Government and Public Sector
Healthcare and Life Sciences
Others

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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Cloud Backup Market - Opportunities and Forecast, 2017-2023