From GlobeNewswire: 2024-11-20 06:00:00

The global cloud backup market is expected to exceed $31.4 billion by 2032 due to increasing cyber threats and data breaches. Industries like finance, healthcare, and government are adopting cloud backup solutions for data protection. Cloud backup offers scalability and cost-effectiveness, benefiting sectors generating large amounts of real-time data. Large enterprises hold over 65% market share, driving demand for scalable solutions. The BFSI sector accounts for 25% market share, emphasizing the importance of cloud backup for data protection and compliance. North America leads the market, with a focus on cybersecurity and digital transformation fueling demand for secure cloud solutions.



Read more at GlobeNewswire: Cloud Backup Market to exceed $31.4 Bn by 2032, Says Global