Intelligent Data Centres Issue 3 - Page 36

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