Market Opportunities
The following conditions are fueling the growth of online backup.
Global Data Keep Expanding Exponentially
Computers have become a necessity in today's world. With documents, e-mails,
business records etc. are all being stored in digital format. Computer data
is now growing at an annual rate of 60 percent. Therefore, businesses will
look for online backup services to safeguard their mission-critical data against
disasters.
Government Regulations Boost Online
Backup
Also, the government has already started imposing regulations and acts on
businesses for data protection. Such as,
- Health Insurance Portability and Accountability Act
- Sarbanes-Oxley Act
- Gramm-Leach-Bliley Act
These regulations have made it clear that it is vital for businesses to setup
proper offsite backup policies in preventing data loss. Thus, this will motivate
more businesses to adopt an online backup solution as it is the most convenient
way to fulfill data protection regulations.
Broadband Price is Dropping
With the reduced costs but higher broadband speed, enterprises will simply
choose online backup for its conveniences and data safety. Also, as broadband
will be idled most of the time during the night, online backup allows businesses
to fully utilize the internet bandwidth during inactive periods, and thus
can achieve a better return on their Internet expense.