Public cloud backup

Cloud backup is a type of data backup where the digital data is copied to a remote server. This remote server is hosted off-site and is typically owned and operated by a third-party provider. The cloud backup services market is expected to grow from USD 3.09 Billion in 2016 to USD 14.48 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.8% during the forecast period.

The public cloud backup services market is projected to grow at a CAGR of 34.2% from 2016 to 2021. The market growth can be attributed to the cost-effectiveness, flexibility, and scalability of public cloud backup services.

Public cloud backup services are cost-effective as they help organizations save on infrastructure and operational costs. These services are flexible as they can be easily scaled up or down as per the changing needs of the organizations. Public cloud backup services are also scalable, as they allow organizations to store an unlimited amount of data.

The major vendors in the public cloud backup services market include Amazon Web Services (AWS), IBM, Microsoft, Google, and Backup As A Service (BaaS).


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