Global Cloud Disaster Recovery and Backup Market Size | 2019-2032

Global Cloud Disaster Recovery and Backup Market Size and Forecast by Type, Deployment Model, Industry, Organization Size, and Region: Statistics | 2019-2032

Report Format:     | Pages: 400+
Type: Niche Industry Monitor | ID: CCT15487  | Publication: July 2024  |  US$2,945  |  

Cloud Disaster Recovery and Backup Market Growth and Performance

Global Cloud Disaster Recovery and Backup Market


Key Takeaways:

  • In 2023, the global cloud disaster recovery and backup market size reached US$ 33.21 Billion, witnessing a YoY growth of 21.6%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 138.02 Billion by the end of 2032.
  • In terms of growth, the global cloud disaster recovery and backup market is anticipated to expand at a CAGR of 16.8% between 2024 and 2032.
  • The cloud backup as a service market segment is projected to experience a significant upsurge in market revenue, reaching US$ 74.97 Billion by the end of 2032.
  • The cloud disaster recovery and backup market is expected to witness an absolute dollar opportunity of US$ 104.81 Billion between 2024 and 2032.
  • Among the diverse regions within this market, North America cloud disaster recovery and backup market took the lead, reaching a market value of US$ 17.48 Billion in 2023.
  • The fastest growing market among regions is Latin America, experiencing a CAGR of 27.5% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global cloud disaster recovery and backup industry in 2023.
  • Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
  • The global cloud disaster recovery and backup market is mainly driven by increasing data volume, growing cybersecurity threats, the widespread adoption of cloud services

Cloud Disaster Recovery and Backup Market Scope

Analysis Period

2019-2032

 

Actual Data

2019-2023

 

Base Year

2023

 

Estimated Year

2024

 

CAGR Period

2024-2032

 
 

Research Scope

 

Type

Cloud Disaster Recovery as a Service (DRaaS) Market

 

Cloud Backup as a Service Market

 

Deployment Model

Public Cloud

 

Private Cloud

 

Hybrid Cloud

 

Industry

IT and Telecom

 

Media and Entertainment

 

Energy and Power

 

Transportation and Logistics

 

Healthcare

 

BFSI

 

Retail

 

Manufacturing

 

Public Sector

 

Other

 

Organization Size

Large Enterprises

 

Mid Enterprises

 

Small Enterprises

 

Companies Covered

Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), IBM Cloud, Oracle Cloud, Dell Technologies, Veeam Software, Acronis, Commvault, Zerto

 
 
 
 
 

 

Cloud Disaster Recovery And Backup Industry: Regional Coverage

 

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

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