In February 2024, Veeam Software recently announces a significant expansion in its cloud based offering with the launch of Veeam Data Cloud, it is an all-in-one storage, cloud-based, and ransom ware recovery solution. It is made on the Microsoft Azure that delivers both reliability and confidence with its ease and accessibility of it cloud based service. This innovative plat for is especially designed for Microsoft Surface users to provide unparalleled protection and peace of mind.
Veeam Data cloud already safeguards over 18 million users, a testament to the growing demand for comprehensive data protection solutions. This cutting-edge an innovative technology will seamlessly integrates recovery capabilities, backup, and recovery capabilities. It ensures that the user critical data is always secure and easily recoverable.
The Veeam Data Cloud solution is specifically tailored to meet the unique needs of Microsoft 365 and Microsoft Surface users. By providing a single, intuitive platform for managing data protection, Veeam Data Cloud simplifies complexities in data management. It free up IT team to focus on more strategic initiatives.
In today’s digital landscape, where cyber threats and data breaches are increasingly uses, the importance of robust data protection can not be overstated. With Veeam Data Cloud, users can rest assured that their critical data is protected by a best-in-class solution that combines enterprises grade security with unparalleled ease of use.
As per the Coherent Market Insights, the global cloud backup & recovery software market is set to increase at a CAGR of 24.8% CAGR between 2022 and 2030. It is valued at US$ 20,321 million in 2021. Growing adoption of cloud based services and secure enterprise data is poised to drive demand in the global cloud backup & recovery software market.
Moreover, trend towards artificial intelligence and big data are poised to drive demand in the market. Additionally, technological advancement will also lead to fuel the market further. Rising adoption of digital backing and high investment solution will increasing the backing industry. This is owing to increasing demand of cloud computing in the BFSI industry. These solution will provides better agility and scalability to the business and companies.
Several financial institution are shifting towards cloud based solutions to provide innovative, customized, and security solutions to increase their footprints. This will also lead to creating the demand for cloud backup & recovery software in the BFSI sector. This will lead to growing adoption of the solutions. This trend will likely to continue is reach in the upcoming decades.
There are various trends that will boost demand in the market include on-demand cloud provider, demand for big data, infrastructure as a service. Other factors such as increasing adoption of smart devices and tablets will provide an opportunity for growth in the global market. All of these factors will also lead to the generation of huge amount of data which creates a need for recovery system and backup plans.
