Cloud Backup and Recovery Software Market Report: Trends, Forecast and Competitive Analysis to 2030

Cloud Backup and Recovery Software Trends and Forecast

The future of the global cloud backup and recovery software market looks promising with opportunities in the BFSI, government, healthcare, telecom & information technology, retail, and manufacturing markets. The global cloud backup and recovery software market is expected to reach an estimated $21.2 billion by 2030 with a CAGR of 22.3% from 2024 to 2030. The major drivers for this market are increasing demand for data protection and social networking, growing demand for cloud-based services across several industry verticals, as well as, growing adoption of smart devices and tablets.

A more than 150-page report is developed to help in your business decisions.

Cloud Backup and Recovery Software by Segment

The study includes a forecast for the global cloud backup and recovery software by deployment mode, user type, end use, and region.

Cloud Backup and Recovery Software Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• Private
• Public
• Hybrid

Cloud Backup and Recovery Software Market by User Type [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprises
• Small & Medium Enterprises

Cloud Backup and Recovery Software Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Government
• Healthcare
• Telecom & Information Technology
• Retail
• Manufacturing
• Others

Cloud Backup and Recovery Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cloud Backup and Recovery Software Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud backup and recovery software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud backup and recovery software companies profiled in this report include-

• Veritas Technologies
• Actifio
• Veeam Softwares
• Commvault Systems
• Symantec
• CA Technologies
• Microsoft
• Dell Technologies
• IBM Corporation
• Hewlett Packard Enterprise

Cloud Backup and Recovery Software Market Insights

Lucintel forecasts that large enterprise will remain the larger segment over the forecast period because they have more complex information technology infrastructures, as well as, rising adoption of cloud-based services by government agencies and public companies.

North America will remain the largest region over the forecast period because of rapidly adopting new technologies, including cloud-based solutions, as well as, helping the users scale resources as per the requirement, making it a viable option for start-ups and SMEs in the region.

Features of the Global Cloud Backup and Recovery Software Market

Market Size Estimates: Cloud backup and recovery software market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cloud backup and recovery software market size by deployment mode, user type, end use, and region in terms of value ($B).

Regional Analysis: Cloud backup and recovery software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment mode, user type, end use, and regions for the cloud backup and recovery software market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud backup and recovery software market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the cloud backup and recovery software market size?

Answer: The global cloud backup and recovery software market is expected to reach an estimated $21.2 billion by 2030.

Q.2 What is the growth forecast for cloud backup and recovery software market?

Answer: The global cloud backup and recovery software market is expected to grow with a CAGR of 22.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the cloud backup and recovery software market?

Answer: The major drivers for this market are increasing demand for data protection and social networking, growing demand for cloud-based services across several industry verticals, as well as, growing adoption of smart devices and tablets.

Q4. What are the major segments for cloud backup and recovery software market?

Answer: The future of the global cloud backup and recovery software market looks promising with opportunities in the BFSI, government, healthcare, telecom & information technology, retail, and manufacturing markets.

Q5. Who are the key cloud backup and recovery software market companies?

Answer: Some of the key cloud backup and recovery software companies are as follows:

• Veritas Technologies
• Actifio
• Veeam Softwares
• Commvault Systems
• Symantec
• CA Technologies
• Microsoft
• Dell Technologies
• IBM Corporation
• Hewlett Packard Enterprise

Q6. Which cloud backup and recovery software market segment will be the largest in future?

Answer: Lucintel forecasts that large enterprise will remain the larger segment over the forecast period because they have more complex information technology infrastructures, as well as, rising adoption of cloud-based services by government agencies and public companies.

Q7. In cloud backup and recovery software market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because of rapidly adopting new technologies, including cloud-based solutions, as well as, helping the users scale resources as per the requirement, making it a viable option for start-ups and SMEs in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cloud backup and recovery software market by deployment mode (private, public, and hybrid), user type (large enterprises and small & medium enterprises), end use (BFSI, government, healthcare, telecom & information technology, retail, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?