Cloud backup market to grow
April 2018, IT infrastructure, Security Services & Risk Management
Asigra has announced that new forecasts from a trio of market research firms – Stratistics MRC, CMI, and MarketResearch – predict continued category adoption and growth in the cloud backup space.
Stratistics MRC[1] recently reported that the global cloud backup market could balloon as high as $5.5 billion by 2023 with a CAGR of 24.2%, up from $1.2 billion in 2016. In the report, analysts include Asigra as one of ‘the key players in the Global Cloud Backup Market’ and emphasised several factors fuelling this expected market growth. The primary drivers of growth for this category included large amounts of generated data, increasing adoption of SaaS, lower costs, and increased capabilities/efficiencies.
A separate report from CMI[2] suggests that the global cloud backup market is on track to have reached US$ 1.3 billion by the end of 2017 – with a projected CAGR of over 22% between 2017 and 2025 – to potentially surpass US$ 6.4 billion by 2025. CMI reported that by 2020, nearly three-quarters (74%) of the cloud workload is expected to be SaaS workload. As stated in the report: “various advantages of cloud backup such as easy installation, cost effectiveness, performance and scalability, and flexibility have also accelerated the market growth.” The research firm also projects that Asia Pacific will be the fastest growing region in the sector.
These market trends are also emphasised in an additional report from MarketResearch that observes: “increasing adoption for cloud-based services and solutions in industrial sectors across the globe as the ongoing trends continued, which is expected to support market growth in the near future.” Like Stratistics MRC, the report lists Asigra as a major participant in the global cloud backup market.
Eran Farajun, executive vice president of Asigra, acknowledges these assessments and emphasises that Asigra will expand its positioning in the cloud backup category throughout 2018 and beyond. “We’re providing the highest feature density solution per dollar spent on data protection which is not only unique in the industry, but right in line with anticipated customer requirements for 2018,” said Farajun. “Market research and business-driven technology trends continue to validate Asigra’s strategic emphasis of enabling secure cloud-based data protection as organisations prioritise considerations for the next 12 months.”
For more information on reducing your cost of backup and recovery, go to https://info.asigra.com/partner_enablement/ or call 877-736-9901.
[1] Stratistics MRC – Global Market Outlook (2017 – 2023), September 6, 2017, https://www.prnewswire.com/news-releases/cloud-backup – global-market-outlook-2017-2023-300515034.html
[2] Coherent Market Insights, Global Cloud Backup Market to Surpass US$ 6,367 Million by 2025, November 23, 2017, https://globenewswire.com/news-release/2017/11/23/1205451/0/en/Global-Cloud-Backup-Market-to-Surpass-US-6-367-Million-by-2025.html
|
|
|
|
|
|
|
Further reading:
- The IQ of a shrimp
April 2018, Naxian Systems, This Week's Editor's Pick, Integrated Solutions, IT infrastructure, Security Services & Risk Management
Amidst all the talk and confusion, Hi-Tech Security Solutions talks to Bernard Senekal to get a better understanding of what artificial intelligence really is.
- Between the camera and the VMS
April 2018, IT infrastructure
The infrastructure between your camera and the VMS is often an afterthought, but it is a critical part of an effective surveillance solution.
- Making smart cities see
April 2018, Milestone Systems, CCTV, Surveillance & Remote Monitoring, Integrated Solutions, IT infrastructure
Cutting-edge technology is required to make a city work and video management software plays an important role in making the establishment of a smart city a success.
- The network is the camera
April 2018, IT infrastructure, Cyber Security
Protecting your network is a critical step in protecting your security infrastructure as well as your business. Hi-Tech Security Solutions talks to Aruba Networks about network security.
- Droning on about compliance
April 2018, CCTV, Surveillance & Remote Monitoring, Security Services & Risk Management
Drones are cool, but there are mountains of regulations for using them in an official business capacity.
- Surveillance-friendly storage
April 2018, Capsule Technologies, Seagate Technology, This Week's Editor's Pick, CCTV, Surveillance & Remote Monitoring, IT infrastructure
Storage solutions for surveillance must be designed for intense sequential writing to the disk and random reading. Your average desktop hard disk won’t do the job.
- Beyond the hype: tomorrow’s surveillance, today’s reality
April 2018, Technews Publishing, This Week's Editor's Pick, CCTV, Surveillance & Remote Monitoring, Cyber Security, Integrated Solutions, IT infrastructure, Conferences & Events, Training & Education
iLegal 2017 once again lived up to its reputation and saw a host of presenters offering insights and advice into a range of aspects related to the surveillance world.
- Putting a face to facial biometrics
April 2018, Panasonic South Africa, Forbatt SA, CCTV, Surveillance & Remote Monitoring, Integrated Solutions, IT infrastructure
Put your hands back in your pockets, facial biometrics is the new sweetheart of the surveillance world and certain companies are taking advantage to the potential.
- To PoE or not to PoE
April 2018, This Week's Editor's Pick, IT infrastructure
The ability to carry both data and power along the same cable has proven so transformative that in many industries it has become the norm rather than the exception.
- Social dynamics to stop crime before it happens
April 2018, Leaderware, This Week's Editor's Pick, CCTV, Surveillance & Remote Monitoring, Security Services & Risk Management
If the value systems are strong in defining accepted behaviour and people subscribe to these values, violations are far less likely to occur, says Dr Craig Donald.
- Fun, games and security
April 2018, Entertainment and Hospitality (Industry), CCTV, Surveillance & Remote Monitoring, Access Control & Identity Management, Perimeter Security, Alarms & Intruder Detection, IT infrastructure
There’s a fine balance between allowing large numbers of people into venues in a smooth and hassle-free way, without compromising security
- Securing the city
April 2018, Huawei Technologies South Africa, Integrated Solutions, Security Services & Risk Management
Cloud and collaborative technologies transform cities into secure spaces that can think and evolve alongside the challenges of crime and efficient emergency response.
|
|
