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Cloud Backup Market revenue to surpass USD 72.1 Billion by

The global cloud backup market is expected to grow at a CAGR of 25.58% from 2023 to 2035, hitting USD 72.1 billion in revenue by 2035, up from USD 3.7 billion in 2022. Factors such as the increase in data generation, cheaper and more efficient cloud backup compared to onsite backup, and widespread use of SaaS are driving this growth. Cloud backups provide quick data restoration in case of system failures, natural disasters, or cyberattacks.

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