Market Overview:

The global Cloud Backup and Recovery Software Market is projected to grow to $12.92 billion by 2030, at a CAGR of 20.1% from 2024 to 2030. The increasing shift from traditional backup systems to cloud-based solutions is driven by businesses aiming to enhance efficiency, transparency, and data security. The growing need for data storage, cloud computing, and the rise of virtual machine utilization are fueling market growth, with 55%-65% of enterprises expected to adopt virtualization by the end of 2024.

North America Dominates the Market:

North America dominated the Cloud Backup and Recovery Software Market in 2023, accounting for over 40% of the global share. The region is experiencing a surge in data center expansion, driven by rising cloud traffic and increasing cloud-based applications. The APAC region is also witnessing rapid growth due to the rising adoption of 5G technology and the proliferation of IoT in industries like manufacturing and telecom.

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Scope of the Report: 

    Report Metric

                            Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

20.1%

Market Size in 2030

$20.1 billion

Segments Covered

By Component, By Service Provider, By Deployment Model, By Organization Size, By End-User and By Region



Geographies Covered

North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)



Key Market Players

  1. Acronis International GmbH

  2. Barracuda Networks, Inc.

  3. Carbonite, Inc.

  4. Google Inc.

  5. Druva Software

  6. Oracle Corporation

  7. International Business Machines Corporation

  8. Iron Mountain Incorporated

  9. Microsoft Corporation

  10. Veeam Software

 


Recent Developments:
  • In 2022, Google completed its $5.4 billion acquisition of Mandiant, integrating its threat intelligence capabilities into Google Cloud services.
  • In 2023, BETSOL launched the Zmanda Endpoint Backup, a cloud-based backup solution offering centralized management of organizational endpoints, enhancing data security for Windows desktops and laptops.
Cloud Backup and Recovery Software Market: Competitive Landscape

The Cloud Backup and Recovery Software market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: Acronis International GmbH, Barracuda Networks, Inc., Carbonite, Inc., Google Inc., Druva Software, Oracle Corporation, International Business Machines Corporation, Iron Mountain Incorporated, Microsoft Corporation, Veeam Software

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