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Worldwide cloud backup market is expected to reach $190.5 billion by 2024 according to new research report

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The demand for cloud backup is driven by many factors, such as huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS. With an increase in the adoption rate of cloud computing among enterprises, the cloud backup market is expected to gain a major traction during the forecast period.

An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Cloud Backup Markets: Market Make an Inquiry about this news Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024” which provides an outlook of the 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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 An increasing adoption of cloud-based technologies and need for managing voluminous data sets in enterprises has led to the adoption of cloud backup solution.

the adoption of cloud backup solution has increased due to its various benefits such as simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise’s other applications, data deduplication, and customer support.

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 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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Market Leaders
• Amazon
• Microsoft
• Google
• Iron Mountain Incorporated
• Veeam Software
• Barracuda Networks
• Carbonite
• Autotask / Datto
• Asigra
• Acronis International GmbH
• Code42 Software
• Datto
• Druva Software
• Efolder

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
• Microservices
• Virtual Machines
• Hypervisor
• Open Compute

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