Cloud Backup & Recovery Software Market Research Report: By Deployment Model (On-Premises, Cloud, Hybrid), By Data Type (Databases, Files and Folders, Virtual Machines, Applications, Email), By Backup Type (Full Backup, Incremental Backup, Differential Backup), By Recovery Type (Bare-Metal Restore, Virtual Machine Restore, Granular Restore), By Product Category (Standalone Software, Integrated Suites, Add-On Modules) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Cloud Backup & Recovery Software Market Overview

Cloud Backup & Recovery Software Market Size was estimated at 16.23 (USD Billion) in 2022. The Cloud Backup & Recovery Software Market Industry is expected to grow from 18.76(USD Billion) in 2023 to 68.91 (USD Billion) by 2032. The Cloud Backup & Recovery Software Market CAGR (growth rate) is expected to be around 15.56% during the forecast period (2024 - 2032).

Key Cloud Backup & Recovery Software Market Trends Highlighted

The advancements in data storage and management techniques are driving the market's growth. The increasing adoption of cloud-based services, virtualization, and mobile computing is fueling the demand for reliable and efficient backup and recovery solutions. The growing awareness of data security and compliance regulations is also contributing to the market's expansion.

Organizations are increasingly recognizing the importance of disaster recovery and business continuity, leading to a surge in the adoption of cloud backup and recovery software. The market is also witnessing the emergence of new technologies, such as machine learning and artificial intelligence, which enhance the efficiency and accuracy of backup and recovery processes. Furthermore, the growing trend of remote work and the increasing popularity of SaaS applications are driving the demand for cloud-based backup solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cloud Backup & Recovery Software Market Drivers

Rising Demand for Data Protection and Compliance

The increasing volume of data generated by businesses and the growing number of regulatory compliance requirements are driving the demand for cloud backup and recovery software. Organizations need to protect their data from various threats, such as ransomware attacks, hardware failures, and human errors. Cloud backup and recovery software provides a reliable and cost-effective way to protect data in the cloud, ensuring business continuity and compliance with regulations such as HIPAA, GDPR, and PCI DSS.

Adoption of Cloud Computing and Virtualization

The adoption of cloud computing and virtualization technologies is fueling the growth of the cloud backup and recovery software market. Businesses are increasingly moving their applications and data to the cloud, which creates a need for robust backup and recovery solutions that can protect data in the cloud. Cloud backup and recovery software provides a centralized platform for managing and protecting data across multiple cloud environments, simplifying data protection and reducing the risk of data loss.

Increasing Prevalence of Ransomware Attacks

The rising prevalence of ransomware attacks is another key driver of the cloud backup and recovery software market. Ransomware attacks encrypt data, making it inaccessible to businesses, and attackers often demand payment in exchange for decrypting the data. Cloud backup and recovery software can help businesses protect their data from ransomware attacks by providing immutable backups that cannot be encrypted or deleted by attackers. Additionally, cloud backup and recovery software can help businesses quickly recover their data in the event of a ransomware attack, minimizing downtime and data loss.

Cloud Backup & Recovery Software Market Segment Insights

Cloud Backup & Recovery Software Market Deployment Model Insights

The deployment model segment of the Cloud Backup & Recovery Software Market is categorized into on-premises, cloud, and hybrid. Among these, the cloud segment is projected to dominate the market throughout the forecast period, owing to benefits such as cost-effectiveness, scalability, and flexibility. The cloud deployment model eliminates the need for physical infrastructure setup and maintenance, leading to lower capital expenditure for organizations.

Additionally, cloud-based backup and recovery solutions offer greater accessibility and remote management capabilities, enabling businesses to manage their data protection operations from anywhere.The on-premises deployment model, on the other hand, allows organizations to maintain complete control over their data and infrastructure within their own premises. This model provides higher security and customization options, appealing to enterprises with stringent data privacy and regulatory compliance requirements.

However, on-premises deployments require significant upfront investments in hardware, software, and IT personnel, which can be a deterrent for smaller organizations or those with limited resources. The hybrid deployment model combines elements of both on-premises and cloud deployments.It offers a flexible approach where critical data is stored on-premises for better control and security, while non-critical data or backups are stored in the cloud for cost optimization and scalability.

This model provides a balance between security and cost-effectiveness, making it suitable for organizations seeking a comprehensive and customizable data protection solution. Overall, the deployment model segment of the Cloud Backup & Recovery Software Market is expected to witness significant growth in the coming years, driven by increasing adoption of cloud-based solutions and the need for robust and flexible data protection strategies.

Cloud Backup & Recovery Software Market Data Type Insights

The Data Type segment is a crucial aspect of the Cloud Backup & Recovery Software Market, offering valuable insights into the market dynamics. Among the key data types, Databases hold a significant market share, driven by the growing need to protect critical business data stored in databases. In 2023, the Databases segment accounted for approximately 35.4% of the Cloud Backup & Recovery Software Market revenue.

Files and Folders represent another substantial segment, accounting for around 28.7% of the market in 2023. The increasing volume of unstructured data, including documents, spreadsheets, and presentations, is fueling the growth of this segment.Virtual Machines, Applications, and Email also hold notable market shares, reflecting the diverse data types requiring protection in today's digital environment.

The Cloud Backup & Recovery Software Market is projected to grow significantly in the coming years, with the Data Type segment playing a key role in shaping the market landscape.

Cloud Backup & Recovery Software Market Backup Type Insights

The Cloud Backup & Recovery Software Market is segmented by Backup Type into Full Backup, Incremental Backup, and Differential Backup. Among these, the Full Backup segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. This growth is attributed to the increasing demand for comprehensive data protection solutions that can restore complete systems or large amounts of data in the event of a disaster or data loss.

On the other hand, the Incremental Backup segment is expected to witness the highest growth rate during the forecast period due to its ability to efficiently back up only the changed data since the last backup, saving time and storage space.

Cloud Backup & Recovery Software Market Recovery Type Insights

The Recovery Type segment of the Cloud Backup & Recovery Software Market is expected to exhibit significant growth in the coming years. Bare-Metal Restore, Virtual Machine Restore, and Granular Restore are the key recovery types in this segment. Bare-Metal Restore offers complete system recovery, making it suitable for disaster recovery scenarios. Virtual Machine Restore enables the restoration of virtual machines, ensuring business continuity in case of virtual infrastructure failures.

Granular Restore allows for the recovery of individual files or objects, providing flexibility and cost-effectiveness.The increasing adoption of cloud computing and the growing need for data protection are driving the growth of the Recovery Type segment. Organizations are recognizing the benefits of cloud backup and recovery solutions, such as reduced costs, improved data protection, and enhanced disaster recovery capabilities.

The demand for granular restore capabilities is also increasing, as organizations seek to recover specific data without restoring entire systems or virtual machines. The Cloud Backup & Recovery Software Market is projected to reach a value of USD 23.81 billion by 2026, with a CAGR of 16.3%. The Recovery Type segment is expected to contribute significantly to this growth, driven by the rising demand for comprehensive data protection and recovery solutions.

Cloud Backup & Recovery Software Market Product Category Insights

The Cloud Backup & Recovery Software Market segmentation by Product Category into Standalone Software, Integrated Suites, and Add-On Modules provides valuable insights into the market dynamics. Standalone Software held the largest market share in 2023, due to its flexibility and cost-effectiveness for organizations seeking specialized backup and recovery solutions.

Integrated Suites, which offer a comprehensive range of data protection capabilities, are expected to witness significant growth over the forecast period, driven by the increasing demand for consolidated solutions.Add-On Modules, which extend the functionality of existing backup systems, are also anticipated to gain traction as organizations seek to enhance their data protection capabilities. The Cloud Backup & Recovery Software Market revenue is projected to reach USD 23.4 billion by 2026, exhibiting a CAGR of 15.6% during the forecast period 2024-2032.

Cloud Backup & Recovery Software Market Regional Insights

The Cloud Backup & Recovery Software Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to account for the largest share of the market in 2023, owing to the presence of a large number of cloud service providers and the increasing adoption of cloud-based solutions. Europe is expected to be the second largest market, followed by APAC.

The APAC region is expected to witness the highest growth rate during the forecast period, owing to the increasing adoption of cloud-based solutions in emerging economies such as China and India. South America and MEA are expected to account for a relatively smaller share of the market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cloud Backup & Recovery Software Market Key Players And Competitive Insights

Major players in the Cloud Backup & Recovery Software Market industry are constantly developing and innovating their products to gain a competitive edge. Leading Cloud Backup & Recovery Software Market players are investing heavily in research and development to stay ahead of the curve and meet the growing demands of their customers.

The market is witnessing a rise in mergers and acquisitions as companies seek to expand their capabilities and customer base. Collaborations and partnerships between key players are becoming more common as companies leverage each other's strengths to offer comprehensive solutions to customers. Cloud Backup & Recovery Software Market development is being driven by advancements in technology, such as the rise of artificial intelligence and machine learning, which are enabling new innovations in data protection and recovery.

Organizations are increasingly adopting cloud-based backup and recovery solutions due to their scalability, cost-effectiveness, and ease of management.Veeam, a leading provider of cloud backup and recovery solutions, is known for its innovative products and strong customer support. The company's flagship product, Veeam Backup Replication, is used by many organizations to protect their virtual and physical environments. Veeam is committed to providing comprehensive data protection solutions that meet the evolving needs of businesses.

The company has a wide range of products and services, including backup, replication, disaster recovery, and data security. Veeam has a strong partner network and a global reach, which allows it to support customers worldwide.Another prominent player in the Cloud Backup & Recovery Software Market is Veritas Technologies. Veritas is a global leader in data management and protection solutions.

The company's portfolio of products and services includes data backup and recovery, disaster recovery, and data security. Veritas has a long history of innovation and is known for its reliable and scalable solutions. The company's products are used by a wide range of organizations, from small businesses to large enterprises. Veritas Technologies has a strong global presence and a team of experienced professionals who are committed to providing excellent customer support.

Key Companies in the Cloud Backup & Recovery Software Market Include

• Fujitsu Ltd.


• Microsoft Corporation


• Amazon Web Services, Inc.


• Veeam Software Group GmbH


• Google LLC


• Veritas Technologies LLC


• IBM Corporation


• Commvault Systems, Inc.


• Oracle Corporation


• Dell Technologies Inc.


• NetApp, Inc.


• Hewlett Packard Enterprise Company


• HITACHI Vantara Corporation


• SAP SE


• Cisco Systems, Inc.

Cloud Backup & Recovery Software Market Industry Developments

The Cloud Backup & Recovery Software Market is projected to reach USD 68.91 billion by 2032, exhibiting a CAGR of 15.56% during the forecast period. The growing adoption of cloud computing, increasing data volumes, and rising security concerns are driving market growth.Recent news developments include IBM's acquisition of Spanugo to enhance its data protection capabilities and Veeam's launch of Veeam Backup Replication v12, offering advanced ransomware protection. The market is witnessing a shift towards managed backup and disaster recovery services as organizations seek cost-effective and scalable solutions. Moreover, the emergence of artificial intelligence (AI) and machine learning (ML) is expected to further transform the market, enabling automated data recovery and enhanced security measures.

Cloud Backup & Recovery Software Market Segmentation Insights

1. 
   

   Cloud Backup & Recovery Software Market Deployment Model Outlook

   
   
   
   
   1. On-Premises
   
   
   2. Cloud
   
   
   3. Hybrid
   
   
   
   

2. 
   

   Cloud Backup & Recovery Software Market Data Type Outlook

   
   
   
   
   1. Databases
   
   
   2. Files and Folders
   
   
   3. Virtual Machines
   
   
   4. Applications
   
   
   5. Email
   
   
   
   

3. 
   

   Cloud Backup & Recovery Software Market Backup Type Outlook

   
   
   
   
   1. Full Backup
   
   
   2. Incremental Backup
   
   
   3. Differential Backup
   
   
   
   

4. 
   

   Cloud Backup & Recovery Software Market Recovery Type Outlook

   
   
   
   
   1. Bare-Metal Restore
   
   
   2. Virtual Machine Restore
   
   
   3. Granular Restore
   
   
   
   

5. 
   

   Cloud Backup & Recovery Software Market Product Category Outlook

   
   
   
   
   1. Standalone Software
   
   
   2. Integrated Suites
   
   
   3. Add-On Modules
   
   
   
   

6. 
   

   Cloud Backup & Recovery Software Market Regional Outlook

   
   
   
   
   1. North America
   
   
   2. Europe
   
   
   3. South America
   
   
   4. Asia Pacific
   
   
   5. Middle East and Africa