The demand for cloud backup is increasing due to the huge volume of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS. The market is expanding with the emergence of new applications and technologies such as Internet of Things (IoT), big data, Artificial Intelligence (AI), and cloud computing. The base year considered for this study is 2016, and the forecast period is 2017–2022.
Also, the data generated within the organization on a daily basis is quite huge making it difficult to be managed using traditional backup. Such business critical data cannot be put at risk and needs continuous backup & on demand availability. Cloud backup enables easy management and access of data from anywhere using an internet connection as required by the organization.
It enables continuous and automatic backup to the cloud which makes it easy to manage huge volumes of data. Cloud enables improved security with reduced costs which is one of the major reasons for adopting cloud backup solutions. It enables easy movement of large data sets making backup easier than traditional backup and eliminating the need of server maintenance.
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Cloud backup is a SaaS based solution leveraged by enterprises to backup their business critical data in order to avoid data loss in the event of manmade or natural disaster. Enterprise data is backed up in the encrypted form to enhance security over cloud.
Cloud backup solution provides various benefits such as data protection, data retention, central management & monitoring, and auto scaling. Moreover, it offers benefits of lower infrastructure costs, easy & simple deployment, and integration of cloud backup with other enterprise applications.
