Regional Analysis

Global Cloud Backup & Recovery Software Market: Regional Insights

Among regions, North America is projected to account for a major share in the global cloud backup & recovery software market over the forecast period. The heavy investment in research and development activities by several enterprises in the region is contributing to the creation of novel technologies. Moreover, companies across the region are also investing in advanced technologies to have strong presence in the market and enhance their business operations and this in turn is expected to offer several opportunities for vendors in the data backup and recovery market. Thus, these factors are expected to boost growth of the global cloud backup & recovery software market in the region.

Moreover, Asia Pacific is anticipated to witness substantial growth in the global cloud backup & recovery software market during the forecast period. This is owing to rise challenges for businesses across the region regarding data protection, which also includes significant rise in man-made as well as natural disaster, data volume, and cyber-threats like ransomeware. This is creating need for cloud data protection services including backup & recovery software. Furthermore, the number of global leaders expanding their business in Asia Pacific is rising. For instance, Acronis, announced the expansion of its market reach in the region. The cloud bookings of the company increased more than 200% year-over-year in 2015 and 2016.

Figure 1. Global Cloud Backup & Recovery Software Market Share (%), by Region, 2021