Backblaze Inc



Market Insights Reports delivers key insights on the Blockchain in Manufacturing market in its latest report titled, “Cloud Backup Market- Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Cloud Backup Market is expected to register a CAGR of approximately 24% during the forecast period (2021 – 2026)

Is located in San Mateo, CA, United States and is part of the Information Technology Services Industry. Has 17 total employees across all of its locations and generates $5.91 million in sales (USD). Get directions, reviews and information for Backblaze Inc in San Mateo, CA. Backblaze Inc 500 Ben Franklin Ct San Mateo CA 94401. 6 Reviews (650) 352-3738 Website. Menu & Reservations Make Reservations. Order Online Tickets Tickets See Availability Directions.

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Backblaze Inc

Top LeadingCompaniesof Global Cloud Backup Market are IBM Corporation, Dell EMC, Backblaze Inc., Acronis International GmbH, Arcserve LLC, Rubrik, Veritas Technologies, Barracuda Networks, Inc., Carbonite, Inc., Commvault Systems, Inc., Cohesity, Inc.and others.

Industry News and updates:

– June 2020 – Otava extended its cloud solution by adding Otava Cloud Backup for Microsoft 365. The new Software as a Service (SaaS) offering provides a backup service powered by Veeam for users of Microsoft 365 online applications.
– April 2020 – Veeam Software collaborated with Microsoft Azure to provide its New Veeam Backup, an enterprise-ready cloud backup and recovery solution for Microsoft Azure. The new offering will enable customers and service providers to move more applications and data to Azure and to cost-effectively, securely, and easily protect cloud applications and data in Azure.

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Key Market Trends

BFSI Expected to Exhibit Maximum Adoption
– The Banking Industry is rapidly adopting digital banking and investment solutions, which is also augmenting the demand for cloud computing in the BFSI industry. It provides greater business agility and scalability to the organizations in the industry. Several financial service organizations are migrating to cloud solutions to deliver innovation, customization, and security to gain a competitive edge.
– According to Capgemini, cloud solutions are helping the banks to significantly cut expenses by slashing infrastructure costs by a quarter and potentially saving about USD 15 billion by 2019. Hence, many vendors are providing IaaS and PaaS applications to eliminate the need to manage to host, maintaining, updating, and scaling service operations. These trends are expected to boost further the adoption of cloud backup solutions in the BFSI industry.
– Further, the increasing instances of data breaches in the banking sector are propelling the banks to adopt cloud backup solutions, which will enable them to recover from any disaster. Public cloud solutions provide an enhanced backup resource to ensure business continuity despite a disaster.

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Investigator Observers Strong Growth in Specific Regions:

– North America (United States, Canada, Mexico)

-Europe (Germany, UK, France, Italy, Spain, Russia)

-Asia-Pacific (China, Japan, South Korea, Australia, India)

-South America (Brazil, Argentina, Columbia)

-The Middle East and Africa (UAE, Egypt, South Africa)

This Blockchain in Manufacturing Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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– The market estimate (ME) sheet in Excel format

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The report presents an in-depth assessment of the Cloud Backup Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Cloud Backup investments from 2021 till 2025. This research report also provides post COVID-19 impact analysis of the Cloud Backup industry.

Cloud Backup market is growing at a CAGR of 24% during the forecast period (2021-2025).

The Cloud Backup market is highly competitive and consists of a number of major players. Top Companies like IBM Corporation, Dell EMC, Backblaze Inc., Acronis International GmbH, Arcserve LLC, Rubrik, Veritas Technologies, Barracuda Networks, Inc., Carbonite, Inc., Commvault Systems, Inc., Cohesity, Inc.

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Industry News And Developments:

Backblaze Incident

– June 2020 – Otava extended its cloud solution by adding Otava Cloud Backup for Microsoft 365. The new Software as a Service (SaaS) offering provides a backup service powered by Veeam for users of Microsoft 365 online applications.

– April 2020 – Veeam Software collaborated with Microsoft Azure to provide its New Veeam Backup, an enterprise-ready cloud backup and recovery solution for Microsoft Azure. The new offering will enable customers and service providers to move more applications and data to Azure and to cost-effectively, securely, and easily protect cloud applications and data in Azure.

Scope of the Report

– For instance, according to Right Scale’s annual State of the Cloud Report for 2019, approximately 94% of the enterprises are using the cloud, out of which, 91% of businesses use public cloud, and 72% use a private one, while most enterprises are opting for both the options, i.e., 69% of them opting for a hybrid cloud solution.

Backblaze Increase

– In April 2020, Commvault launched the NetApp Scale-out Data Protection (SDP), to offer enhanced and rapid recovery support solutions for critical data across NetApp’s hybrid-enabled storage systems. The NetApp SDP leverages the Commvault Complete Backup and Recovery software to provide snapshot management, backup, and disaster recovery functionality.

– Moreover, according to a study by EMC, approximately 40 trillion gigabytes of data (40 zettabytes) is expected to be generated by 2020. Also, IBM estimated that approximately 90% of the data was generated in the last two years. Due to the massive data generation, there has been an increasing demand for low-cost data backup/storage across enterprises.

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Key Market Trends

BFSI Expected to Exhibit Maximum Adoption

– According to Capgemini, cloud solutions are helping the banks to significantly cut expenses by slashing infrastructure costs by a quarter and potentially saving about USD 15 billion by 2019. Hence, many vendors are providing IaaS and PaaS applications to eliminate the need to manage to host, maintaining, updating, and scaling service operations. These trends are expected to boost further the adoption of cloud backup solutions in the BFSI industry.

North America Expected to Dominate the Market

– With the presence of market leaders in the region and with the early adoption of technologies across various end-user verticals, North America stood as the leading regional market and is expected to continue its dominance throughout the forecast period. Also, early adoption of new technologies, considerable investments in R&D for the cloud-based solutions, and enhanced IT infrastructure are expected to drive the market growth further.

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– Moreover, low-cost, secure, and enhanced backup resources provided by the regional market players are expected to drive the dominance in the region further. In September 2019, IBM Cloud made additional price reductions on a selected virtual server, storage, backup, and network port speed pricing to help various organizations in further reducing their cloud infrastructure costs.

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What are the market factors that are explained in the report?

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–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Cloud Backup Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Media Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

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Phone: + 1704 266 3234 | +91-750-707-8687

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sales@marketinsightsreports.com | irfan@marketinsightsreports.com