DATA-PROTECTION-AS-A-SERVICE
Safe from harm As the amount of data produced by businesses continues to grow rapidly – as do the threats from cybercriminals – then the need to protect that data also grows, and increasingly businesses are turning to data-protection-as-a-service for this.
Data has never been so important to businesses as it is now. The technology used by businesses now produces more data on every aspect of the running of a company than ever before, which can be used to improve how it runs and its profitability. This also means that it needs to be protected more than ever, as the number of cybercriminals continues to grow too. Increasingly, businesses of all sizes are using data-protection-as-a-service (DPaaS) to keep their data safe. Research by IMARC Group found that the global market for DPaaS reached $25.5 billion in 2022, and this is anticipated to grow to $111.3 billion by 2028, showing the demand for it. Dan Smale, senior service owner at Fasthosts ProActive, says this growth is largely driven by several factors. The first is growing data security concerns. “As the volume of data generated and stored by businesses continues to grow, there’s increasing concerns about data protection and compliance,” he says. “To address this, many people are turning to DPaaS as a convenient and effective way to ensure data is captured, stored and protected securely. “Cyberattacks such as data theft or
Research by IMARC Group found that the global market for DPaaS reached $25.5 billion in 2022, and this is anticipated to grow to $111.3 billion by 2028. “ ”
ransomware continue to grow in frequency and sophistication especially in the context of hybrid clouds and portable devices. Therefore, many businesses are looking to DPaaS to strengthen cybersecurity measures and safeguard valuable data. In these situations, DPaaS can also support with robust backup and recovery capabilities.” He adds that the rise of digital transformation and many businesses moving more of their operations to the cloud is also growing the need for cloud-based data protection services. Growing cost-efficiency pressures are also impacting. “Where businesses are continually looking to optimise IT budgets in a complex economic landscape, DPaaS can offer a cost- effective solution compared with maintaining on-site data protection infrastructure,” Dan says. He adds that as data protection regulations continue to be strengthened, comprehensive data backups and recovery solutions, such as those offered by DPaaS, are essential to ensure compliance. Cost benefit Ovi Gherghel, director cloud and cyber security, UK&I at Ingram Micro, notes that the cost of not having data protection can be staggering, potentially running into millions in terms of data recovery, regulatory fines and
Contributors
Dan Smale
Ovi Gherghel
Adam Burns
damage to reputation. DPaaS can also save
fasthosts.co.uk
uk-new.ingrammicro.com
fortra.com
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