- In October 2024, Eon introduced a next-generation cloud backup solution, raising $127 million in funding. This solution monitors cloud resource sprawl and offers cloud backup posture management, aiming to replace legacy backup tools and generic snapshots.
- In January 2025, Synology launched the ActiveProtect appliance line, targeting enterprise IT markets. This new backup appliance is designed to expand Synology's offerings beyond its traditional SMB market.
Frequently Asked Questions
The market is segmented based on Segmentation, By Solution (Primary Storage, Disaster Recovery, Backup Storage), Deployment (Public Cloud, Private Cloud), Organization Size (Small and Medium Enterprise, Large Enterprise), End Use (Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Education), Provider (Cloud Service Provider, Telecom and Communication Service Provider, Managed Service Provider), Services (Training and Consulting, Support and Maintenance, Cloud Integration and Migration, Managed Services) – Industry Trends and Forecast to 2032
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The Global Cloud Backup Market size was valued at USD 8.64 USD Billion in 2024.
The Global Cloud Backup Market is projected to grow at a CAGR of 25.3% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
