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

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Cloud Disaster Recovery and Backup Market Growth and Performance

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

Cloud Disaster Recovery And Backup Industry: Regional Coverage