Orbis Research added a new research report on “Cloud Backup Markets: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024”. Our research and analysis focuses on emerging market trends to help businesses identify market opportunities and develop effective strategies to optimize their market positions. —
Worldwide, the Cloud Backup Market at $21.7 billion market in 2017 and 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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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.
Cloud Backup Markets
Cloud Virtual Machine
Mega Data Centers
Software Defined Data Center
Customer Base Storage
Always on Data Centers
Robust, Quality Cloud Computing
Data Management Component
Iron Mountain Incorporated
Autotask / Datto
Acronis International GmbH
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