Growing Adoption of Cloud Backup Solutions and Services to Augment Growth of the Cloud Backup Market
A virtual backup service, cloud backup (also known as remote backup or online backup), is a program that provides computer users with an automated system for the storage, backup, and retrieval of their data. Cloud backup can be used to create, edit, manage, and restore data. Cloud backup offers several advantages over traditional methods, such as data availability at remote locations, user-friendly technology, real-time data accessibility, low cost of implementation, etc. It widely finds its application in telecommunication, healthcare, and many other sectors. Market Dynamics: Growing adoption of cloud backup solution and services due to huge volume of data generation is expected to propel the growth of the cloud backup market. For instance, in February 2021, IDrive launched a new service called ZipDrive which allows users to create their own personal edge cloud to access, stream, edit, and share their local files from anywhere. Moreover, increasing demand for cloud-based s...