The global cloud backup market is expected to grow at a CAGR of 25.58% from 2023 to 2035, hitting USD 72.1 billion in revenue by 2035, up from USD 3.7 billion in 2022. Factors such as the increase in data generation, cheaper and more efficient cloud backup compared to onsite backup, and widespread use of SaaS are driving this growth. Cloud backups provide quick data restoration in case of system failures, natural disasters, or cyberattacks.
SEC Disclosures Up, But Not Enough Details Provided
New regulations by the US Securities and Exchange Commission (SEC) have caused the number of cybersecurity incident reports from public companies to rise by 60%
