Watchers of Markets announce that it has added a new study Cloud Backup Market: Market Shares, Strategy, and Forecasts, worldwide, 2018 to 2024. The 2018 study has 185 pages, 90 tables and figures.
Worldwide markets are poised to achieve continuing growth as Cloud Backup markets respond to the advantages brought by mega data centers for cloud computing. The quality and the customization of mega data centers are significant market growth drivers. Automation of process is a key efficiency tool.
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Worldwide Cloud Backup has many applications: IoT, the Internet of things is the largest. Self-driving cars, drones, robots, artificial intelligence, and data center core storage.
Cloud-backup markets get really, really big by 2024, $190.5 billion. The reason is that all computing moves to the cloud and all smart devices and IoT store data in the cloud. Augmented reality, self-driving cars, robots, drones all generate significant amounts of data from small smart devices and processors inside things. That data gets stored in the cloud. This data is manipulated with analytics and accessed as information from many different sources.
With 2 trillion IoT processors and devices anticipated to be in place by 2024, there is a lot of data generated on a daily basis. While not all of it is stored or backed up, a lot of the data needs to be using again in analytics, hence the growth of cloud storage markets. Once the data is stored, it can be accessed again and used, which is a back-up function.
Worldwide, the Cloud Backup market at $21.7 billion market in 2017, is expected to reach $190.5 billion by 2024. Growth is a result of the implementation of the digital economy. Geographically, this report is split into the US, Europe, Asia, the Middle East and Africa.
Table of Contents
- CLOUD BACK-UP: MARKET DESCRIPTION AND MARKET DYNAMICS
- CLOUD BACK-UP MARKET SHARES AND FORECASTS
- CLOUD BACK-UP PRODUCT DESCRIPTION
4 CLOUD BACK-UP RESEARCH AND TECHNOLOGY
5 CLOUD BACK-UP COMPANY PROFILES…
Acronis International GmbH, Alphabet / Google, Apple, Asigra, AWS / Amazon, Barracuda Networks, Carbonite, Code42 Software, Autotask, Druva Software Leverages AWS, Efolder, Intel Buys Mobileye, Iron Mountain, Microsoft, Veeam Software and more.
Read Full Report Description with Detailed TOC: https://watchersofmarkets.com/collections/wintergreen-research/products/cloud-backup-market-shares-strategy-and-forecasts-worldwide-2018-to-2024
Related Report:
Cloud Storage Market by Type (Solutions and Services) Deployment Model (Public Cloud Private Cloud Hybrid Cloud) Organization Size (Large Enterprises Small and Medium-Sized Enterprises) Vertical and Region - Global Forecast to 2022
The cloud storage market size is expected to grow from USD 30.70 billion in 2017 to USD 88.91 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. The demand for cloud storage is driven by many factors, such as increasing adoption of hybrid cloud storage; growing need for enterprise mobility for improved efficiency; significant growth in Internet of Things (IoT); and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). However, the market would face some restraints, as not all enterprise services are supported in the cloud, and also due to strict government rules and regulations, and fear of vendor lock-ins.
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