Cloud Backup Foraying into Emerging Economies 2018 to 2024

Press Release

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.

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.

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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 used 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.

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Companies Profiled

Market Leaders





Iron Mountain Incorporated

Veeam Software

Barracuda Networks


Autotask / Datto


Acronis International GmbH

Code42 Software


Druva Software


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Key Topics

Cloud Backup Markets

Cloud Virtual Machine

Platform Stack-Services

Mega Data Centers

Cloud CSP

Cloud MSP

Cloud Telco

High-Performance Switches

Software Defined Data Center

Customer Base Storage

Private Cloud

Public Cloud

Hybrid Cloud

Social Media

Always on Data Centers

Robust, Quality Cloud Computing

Networking Performance

Scalable Infrastructure

Data Management Component


Virtual Machines


Open Compute


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Mike is former Research Anlyst and currently working in Mindaspire Market Research as a Stratergic Growth Analyst he is responsible for researching, analyzing, interpreting and presenting data related to markets, operations, finance/accounting, economics, customers, and other.

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