The global cloud backup and recovery solutions market size was valued at USD 9.73 billion in 2024 and is expected to be worth around USD 78.13 billion by 2034, registering a compound annual growth rate (CAGR) of 23.16% over the forecast period from 2025 to 2034.
Cloud backup and recovery solutions market offers services that enable enterprises to replicate, store and secure its applications that are set via cloud set-up. Cloud backup and recovery solutions work as a safeguard for data loss, that can cause by either hardware failures or cyberattacks.
Key driver for the market can be observed with the rising regulatory compliance that supports industry-specific mandates such as GDPR, APRA and others. With the rising remote work culture, ensuring availability of data across distributed networks has become significant, this requirement also acts as a trend for the market’s expansion. Tier 1 vendors in the cloud backup and recovery solutions market comprise of AWS, Microsoft and Google.
”According to the Veeam Data Protection Trends Report 2024, 88% of enterprises were either likely or almost certain to use a Backup-as-a-service or Disaster-as-a-service for at least some of their production servers.”
This stat ties a significance with cloud-native, policy-driven and service-based potential. Here are few emerging technologies that refer to the latest trends in the market:
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Report Scope
| Area of Focus | Details |
| Market Size in 2025 | USD 11.98 Billion |
| Estimated Market Size in 2034 | USD 78.13 Billion |
| Projected CAGR 2025 to 2034 | 23.16% |
| Dominant Region | North America |
| Growing Region | Asia-Pacific |
| Key Segments | Component, Deployment Mode, Service Type, End-use Industry, Region |
| Key Comapnies | Veeam Software, Dell Technologies, Commvault, Rubrik, Veritas Technologies, IBM Corporation, Microsoft Corporation, AWS, Datto, Inc., Zerto Ltd., Oracle Corporation |
This potential in the cloud backup and recovery solutions market refers to expansion of end users with the rise of regulatory compliances. Along BFSI and healthcare; government sector, retail industry, IT & telecom and energy sectors are observed to offer a strong potential to the market’s expansion. Vertical growth or end-user expansion holds opportunity due to rising investors as well as services providers.
A survey shows that retailers invest in cloud backup to support omnichannel operations and protect POS data. Sectors such as IT & telecom and government sector need data sovereignty and disaster recovery. These industries generate and carry massive data and need latency optimization across distributed infrastructure.
Market Restraint
IT Resources Limitations
Integrating and implementing or maintaining cloud backup and disaster recovery solutions often required expertise across cloud architecture, cybersecurity compliance and data management. Many organizations lack skilled IT professionals where a dependency can be created. Cybersecurity Workforce Study (2024) revealed that, the global industry is facing an approximate shortage of 4 million cybersecurity professionals which directly impacts areas like data protection and recovery. While this factors acts as a restraint for cloud backup and disaster recovery solutions market, increasing managed service providers and simplified skill development may create strategic angle for investors and industry players.
Did You Know?
According to O’Reily’s Cloud Adoption Report, about two-third of respondents currently operate in a public cloud and 45% use a private cloud. Whereas RightScale (after a survey of 800 organizations) stated that more than 94% of organizations with over 1,000 employees have significant portion of their workloads in the cloud.
Supportive Case Study
Global leader in next-gen digital solutions, Infosys surveyed approximately 2500 enterprises across multiple countries in order to look at how implementation or integration of cloud systems deeply correlates with business profit. In result, Infosys stated that enterprises effectively using cloud (60% of its total workloads) could generate up to $414 billion in annual profits globally.
What are Strategic Recommendations for Investors in Cloud Computing Industry?
At Cervicorn Consulting, our boardroom experts believe that companies integrating AI at the data center layer represent high-value opportunities. Our experts have also decoded how AI is transforming data infrastructure that can empower investors to secure sustainable growth in this evolving market. In the upcoming years, demand for Backup-as-a-service will continue to rise. Vendors shifting towards offering AI-driven automated services, immutable storage will stand strong in the industry.
Get boardroom-level insights from our experts on AI reshaping industries, read more about AI data center market here.
North America with its ability to invest in next-gen tech solutions held the largest share of the cloud backup and disaster recovery solutions market in 2024; the region is observed to stand strong with the upcoming integrations in the sector. The region’s market is driven by the presence of major providers such as AWS, Azure and Google Cloud. Additionally, strong infrastructure, significant investments and faster adoption to distributed networks create a strong potential for North America to grow.
Asia-Pacific is witnessing growth in cloud backup, data recovery, and cloud storage solutions, propelled by a coming together of a range of factors. To begin with, the deluge of data from IoT, mobile, video streaming, remote working, and digitization mandates is compelling organizations to reconsider data storage and protection. Second, regional governments are driving cloud-first, data sovereignty, and digital infrastructure policies, which are resulting in higher spending on cloud platforms and backup/recovery infrastructures. Third, organizations are investing bigger portions of their IT budgets on cloud backup and recovery as business continuity, cyber resilience, and regulation move to the top of the agenda.
Behaviorally, there is considerable evidence that most APAC organizations anticipate both the amount of data being stored in the cloud and their budgets for public cloud storage / backup to grow.
Solution Insights: In 2024, the solutions segment dominated the market owing to the requirement of business continuity during any mishap. Solutions in this sector often comprise of immutable storage offerings, A-drive threat detection and integration of the same. For instance, Commvault and Veeam recently expanded their enterprise-grade platforms that integrate backup and workload management.
Cloud Backup and Recovery Solutions Market Share, By Component, 2024 (%)
| Component | Revenue Share, 2024 (%) |
| Solutions | 60% |
| Services | 40% |
Services Insights: Moreover, the services segment is observed to grow at the fastest rate during the forecast period as growing organizations, especially small-scale organizations look for managed services to reduce IT burdens internally. Major player IBM’s managed backup services highlighted that enterprises outsource backup management to focus on cost optimization.
Public Cloud Insights: In 2024, the public cloud segment held the largest share in the market due to its scalability, lower upfront cost, and the ability to support diverse workloads. Enterprises migrating from on-premises infrastructure find public cloud solutions from providers like AWS Backup or Microsoft Azure Backup more efficient.
Hybrid Cloud insights: Observed to be the fastest growing segment in the cloud backup and recovery solutions market, the segment is known for combining the power of scalability of public clouds with the control of private infrastructure. This model is crucial for BFSI and healthcare sectors where compliance demands local storage but workloads need benefits from cloud systems.
Incremental Backup Insights: Incremental backup segment held the significant share of the market in 2024 that is known for its ability to minimize storage and bandwidth by only saving changed or updated data, this ability makes it widely utilized and preferred service type; especially by industries that carry fluctuating data volume such as BFSI and IT & telecom.
Cloud Backup and Recovery Solutions Market Share, By Service Type, 2024 (%)
| Service Type | Revenue Share, 2024 (%) |
| Full Backup | 26% |
| Incremental Backup | 53% |
| Differential Backup | 21% |
Differential Backup Insights: Expected to be the fastest growing segment during the forecast period, differential backups carry a balance between legal audits and baseline creation. The segment’s expansion is observed due to its balance between efficiency and recovery speed. Media firms and real-time data users adopt it to minimize restore windows without running full backups.
BFSI Insights: The BFSI segment leads the market. These enterprises handle structured data and rely heavily on database backups to maintain integrity. Such industry verticals expect zero-downtime systems and compliance-driven data protection, thereby stands as a major segment in the industry. For instance, major financial firms have adopted VMware Cloud Disaster Recovery to meet GDPR and Basel III standards while securing millions of transactions daily.
Healthcare Insights: The healthcare sector is experiencing rapid digital transformation, making it one of the fastest-growing verticals in cloud backup and recovery. The proliferation of electronic health records (EHRs), telemedicine platforms, and AI-driven diagnostics has resulted in an unprecedented surge in sensitive data that must be stored securely, accessed quickly, and remain compliant with strict regulations.
With 88% of enterprises moving toward BaaS or DRaaS, our data-backed insights and competitive analyses empower you to invest where the next wave of enterprise demand emerges. Engage with our team to explore market sizing, pricing models, and competitive intelligence today.
Market Segmentation
By Component
By Deployment Mode
By Service Type
By End-use Industry
By Region