image: electricalpackagingsolutions

Global Cloud Backup Market to Surpass $6,4 Million by 2025

February 5, 2018

Cloud backup is an alternative to traditional backup, which is used to create, edit, manage and restore data, application and services by using cloud computing infrastructure and resources.

According to Coherent Market Insights (CMI), the Global Cloud Backup Market (250 pages, $4,500, November 2017) is expected to reach $1,287 million in 2017 and is projected to exhibit a CAGR of 22.1% over the forecast period (2017–2025).

The market could balloon as high as $5.5 billion by 2023 with a CAGR of 24.2%, up from $1.2 billion in 2016.

Read More on StorageNewsletter