Having data backed up online can give companies peace of mind.

Backup market poised for growth

Stephen Perkins

Data backup professional Holly Wainwright wrote on MSPmentor that there has been a huge growth in the industry over the last few years. The current market for data backup and recovery is at about $1.5 billion, she said, with plenty of opportunities for organizations to transition from their old system into a new and improved system. With the market slated to grow 15 to 20 percent each year over the next five, companies should find their way into a solution which will cover them no matter what happens. 

"Businesses don't feel comfortable with their data only on site or only in the cloud,' she said. "In fact, less than 10 percent of small businesses prefer a cloud-only solution.  It's up to all of us to educate the market and make the cloud less scary and show its true value for businesses that may be reticent."

Using a combination of online, cloud and on-site data backup may be the best option for organizations looking to protect assets as well as possible.

TechTarget said online data backup is a great option, as it allows files to be automatically copied and backed up to a provider's location. Small and medium businesses especially can see the benefits from this tool, as it will allow for a great solution at a low cost.

Categories: Online Backup