Report: Cloud Backup Market To Continue Momentum In 2018
Scalability, flexibility, simplicity, pricing advantages, and malware recovery all key factors as organizations optimize data protection over the next twelve months.
Asigra Inc. 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. Driven by high data growth rates, Asigra has remained at the vanguard of these exciting trends — meeting the demand for scalable, yet agile data protection that offers the highest feature density available per dollar.
Stratistics MRC1 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 emphasized several factors fueling 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.