The Asia Pacific Cloud Backup Market would witness market growth of 24.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Cloud Backup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.99 billion by 2031. The Japan market is registering a CAGR of 23.9% during 2024-2031. Additionally, the India market would showcase a CAGR of 25.5% during 2024-2031.
One of the key sources of this massive data generation is the rise of IoT. For instance, an autonomous vehicle generates 4 terabytes of data per day. This information must be stored securely, and cloud backup solutions are becoming the go-to option for managing and safeguarding this vast volume of data.
Moreover, Big Data analytics is another major contributor to the growing demand for cloud backup solutions. Businesses from a variety of sectors employ sophisticated analytics tools to extract insights from the immense quantities of data they accumulate.
In an effort to modernize their infrastructures, safeguard data, and guarantee business continuity, numerous nations in the region are making substantial investments in cloud technologies. According to a report by the Asian Development Bank (ADB), the economic impact of cloud computing on middle- and high-income economies in Asia and the Pacific is sizable. For 2023, its contribution to the economies of Australia, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, the Republic of Korea, Thailand, and Vietnam ranged from 0.25% to 2.23% of gross domestic product (GDP). This underscores the increasing reliance on cloud services, including cloud backup solutions.
The China market dominated the Asia Pacific Cloud Backup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.99 billion by 2031. The Japan market is registering a CAGR of 23.9% during 2024-2031. Additionally, the India market would showcase a CAGR of 25.5% during 2024-2031.
One of the key sources of this massive data generation is the rise of IoT. For instance, an autonomous vehicle generates 4 terabytes of data per day. This information must be stored securely, and cloud backup solutions are becoming the go-to option for managing and safeguarding this vast volume of data.
Moreover, Big Data analytics is another major contributor to the growing demand for cloud backup solutions. Businesses from a variety of sectors employ sophisticated analytics tools to extract insights from the immense quantities of data they accumulate.
In an effort to modernize their infrastructures, safeguard data, and guarantee business continuity, numerous nations in the region are making substantial investments in cloud technologies. According to a report by the Asian Development Bank (ADB), the economic impact of cloud computing on middle- and high-income economies in Asia and the Pacific is sizable. For 2023, its contribution to the economies of Australia, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, the Republic of Korea, Thailand, and Vietnam ranged from 0.25% to 2.23% of gross domestic product (GDP). This underscores the increasing reliance on cloud services, including cloud backup solutions.
List of Key Companies Profiled
- Acronis International GmbH
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Asigra Inc.
- Backblaze, Inc.
- Dropbox, Inc.
- IDrive Inc.
- IBM Corporation
- Microsoft Corporation
- Open Text Corporation
- Google LLC
Market Report Segmentation
By Component
- Solutions
- Primary Storage
- Disaster Recovery
- Backup Storage
- Services
By Enterprise Size
- Large Enterprises
- SMEs
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Service Providers
- Cloud
- Managed
- Telecom & Communication
- Others
By End Use
- BFSI
- IT & ITES
- Healthcare
- Retail & E-commerce
- Manufacturing
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Cloud Backup Market by Component
Chapter 6. Asia Pacific Cloud Backup Market by Enterprise Size
Chapter 7. Asia Pacific Cloud Backup Market by Deployment
Chapter 8. Asia Pacific Cloud Backup Market by Service Providers
Chapter 9. Asia Pacific Cloud Backup Market by End Use
Chapter 10. Asia Pacific Cloud Backup Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Acronis International GmbH
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Asigra Inc.
- Backblaze, Inc.
- Dropbox, Inc.
- IDrive Inc.
- IBM Corporation
- Microsoft Corporation
- Open Text Corporation
- Google LLC
Methodology
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