Growing Adoption of Cloud Backup Solutions and Services to Augment Growth of the Cloud Backup Market


 

An electronic backup service, Cloud Backup (also known as remote backup or online backup), is a course that provides computer users having an automated system for the storage, backup, and retrieval of these data. Cloud backup can be used to generate, edit, manage, and restore data. Cloud backup offers several advantages over traditional methods, such as for example data availability at remote locations, user-friendly technology, real-time data accessibility, low priced of implementation, etc. It widely finds its application in telecommunication, healthcare, and a great many other sectors.

Market Dynamics:

Growing adoption of Cloud Backup solution and services as a result of huge level of data generation is anticipated to propel the growth of the cloud backup market. As an example, in February 2021, IDrive launched a fresh service called ZipDrive which allows users to generate their very own personal edge cloud to gain access to, stream, edit, and share their local files from anywhere.

Moreover, increasing demand for cloud-based services and the growing demand for remote workspaces with COVID-19 outbreak is expected to operate a vehicle the global cloud serving market growth throughout the forecast period. As an example, in May 2020, Microsoft announced the launch of the Microsoft Cloud for Healthcare, to tackle COVID-19 challenges, an industry-specific cloud solution for healthcare organizations to improve workflow efficiency.

Growing adoption Cloud Backup among Small and medium-sized enterprises (SMEs) and increasing adoption of hybrid cloud is expected to supply lucrative growth opportunities for players in the cloud backup market. However, rising concerns regarding data privacy and governance are anticipated to restrain the growth of the cloud backup market.

North America and Asia Pacific are anticipated to witness significant growth in the cloud backup market due to the increasing demand for cloud-enabling technologies in these regions. As an example, in February 2021, Tata Communications and Google Cloud teamed up to operate a vehicle Cloud transformation in India.

Competitive Analysis:

Major players operating in the Cloud Backup market areVMware Inc, Veeam Software, Oracle Corporation, Microsoft Corporation, IBM Corporation, Google Inc., EMC Corporation, Druva Software, Dropbox, Inc., Datto, Inc., Code42 Software, Inc., Barracuda Networks, Inc., and Amazon Web Services.

In February 2021, Veeam introduced a recent addition to its offerings centered on burning data natively to the Google Cloud Platform.

In February 2021, Rewind announced the acquisition of BackHub to expand its reach and to protect businesses by burning their cloud data.

In January 2021, Barracuda launched the newest version of Barracuda Cloud-to-Cloud Backup with a fresh platform that offers an easy search and restore experience for Office 365 data, including Teams, Exchange Online, SharePoint, and OneDrive.


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