Backup-as-a-service (BaaS) is an approach in which enterprises keep back up of their data to a private, public or hybrid cloud managed by the service provider. The purpose of online backup is to protect the information from getting lost and prevent it from hacking or any other technical problem. Growing cyber threat fueled by stringent government regulations are bolstering the demand of backup as a service.
Increasing Use of IoT Application and Growing Adoption of Hybrid Cloud
Exponential Growth in Volume of Data, Growing Threat of Cyber-attack and Integration of Back Service with Cloud
Growing Adoption in Small and Medium Industries and Rising Big Data in Bank, Finance and Insurance Services
The Players Covered in the Study are:
Commvault [United States], Dell EMC [United States], IBM [United States], Symantec Corporation [United States], Amazon Web Services, Inc [United States], Acronis International Gmbh [Switzerland], Asigra Inc [Canada], Cisco Systems, Inc [United States], Fujitsu Ltd. [Japan] and Google [United States]
GDPR (General Data Protection Regulation) which went into effect in May 2018 mandates personal data of Europeans citizens must be protected and non-compliance can result in fines up to USD 2.27 million or 4% of annual turnover, whichever is higher.
List of players that can be included in the study on immediate basis are Alphabet Inc. [United States], NetApp [United States], Barracuda Networks, Inc. [United States], Carbonite, Inc. [United States], Code42 Software, Inc [United States], Datto, Inc [United States], Druva Software [United States], Iron Mountain Incorporated [United States] and Veeam Software [Switzerland].