Over the years, the Cloud Backup Market has been driven by the increased adoption of mobile devices and the ease of deployment of cloud backup technology. However, data accessibility via the Internet creates the risk of identity theft, which limits industry expansion. Furthermore, a lack of sufficient network speed and rigorous government regulations hinder the use of cloud backup. The growing number of mobile Internet users and the demand for technologically superior solutions are expected to drive market expansion even more during the forecast period.

The global Cloud Backup Market is classified into component, service provider, and organisation size, industrial vertical, and geographic segments. The market is segmented into solution and service segments based on component. The market is divided into service providers such as managed service providers, cloud service providers, telecom and communication providers, and others. The cloud backup market is divided into large and small and medium companies based on deployment model. Banking, financial services, and insurance (BFSI), consumer goods and retail, education, manufacturing, media and entertainment, public sector, healthcare and life sciences, and others are the industry verticals that the market is segmented into. The mobile backup market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America.

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