FEATURE
IN THE AGE OF
THE CLOUD,
BUSINESSES ARE
NOT RELIANT ON A
SINGLE POINT OF
FAILURE AND CAN
CREATE VIRTUAL
BACKUPS
TO REMOTE
LOCATIONS FOR
EVERY PACKET
OF DATA THEY
PRODUCE.
earlier this year, served as an opportunity
to remind businesses of the importance of
protecting their data and having a disaster
recovery plan in place.
According to statistics from the Market
Research Future, the cloud backup market
is forecasted to reach US$5.6 billion by
2023, growing at a CAGR of 21% over a
five-year period.
Given the explosion of the global cloud
computing market, which is expected
to grow to US$623.3 billion by 2023 at
a CAGR of 18% over a five-year period,
Mohamad Rizk, Manager System
Engineers, Middle East at Veeam
36
Issue 03
this growth in cloud backup is fairly
unsurprising. It is still encouraging though
to see that businesses are clearly planning
to invest in backup and replication and
taking data availability seriously. After all,
consumers are certainly beginning to take
their own data much more seriously, with
newsworthy events such as Cambridge
Analytica and GDPR bringing personal data
into mainstream public consciousness.
The advent of GDPR also opens up the
issue of consumers requesting to view
their personal data – with businesses
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