'data backup' is not synonymous with leaving it in the cloud. Reliance upon the cloud services is a tenuous hold indeed. There are six (or more) 'big corporations' that continue to exist, yet nevertheless are in the list of leaving the cloud storage business. Plex Cloud unresolvable problems that lead them to announce in Sept 2018 discontinuation of cloud storage as of November 30, 2018.Xeround, launched in 2005, and shut down in May 2013.Verizon, discontinued services announced April 2016.Ubuntu One, announced on 4/2014 shutdown.Qickpick Secure CM Backup insecure as of October 2017.In late September 2013, they told customers they had two or three weeks to clear their data off the Nirvanix cloud Nirvanix, launched 2007, announced shutdown 9/2013.Megaupload, shut (suddenly) by Department of Justice in 1/2012.Linkup, closed 8/2008 after losing customer data.EMC, 1/2010 shutdown of Atmos storage business.Dell Backup and Recovery Cloud Storage will be retired on June 1, 2016.Crashplan Crashed 2017 with no plan after 10/2018.Cirtas Systems announced in 4/2011 it was withdrawing from the cloud service.This list was compiled in 2017 by some POTN members and putblished on POTN.and will happen again in the future, unfortunately companies did not suddenly go belly up financially, leaving their customer data in 'the cloud' when they fail to transfer the data to a surviving cloud storage business, and tell their customers about doing soīoth have occurred on multiple occasions over the past decade, it it was NOT the Great Recession that was the culprit, as you can see from the dates!.big companies did not suddenly decide to exit the cloud storage business after giving it a try for a while.

And cloud storage is becoming more the norm

Bitcasa vs carbonite vs crash plan