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SaaS Backup Software Market Poised for Strong Growth: Forecast to Reach USD 4813 Million by 2030 with Rising Demand for Cloud Data Protection | Valuates Reports

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BANGALORE, India, Nov. 7, 2024 /PRNewswire/ — SaaS Backup Software Market is Segmented by Type (Microsoft 365 Backup, Salesforce Backup, Google Workspace Backup), by Application (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global SaaS Backup Software Market was valued at USD 2492 Million in 2023 and is anticipated to reach USD 4813 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.

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Major Factors Driving the Growth of SaaS Backup Software Market

The SaaS Backup Software Market is poised for strong growth as businesses continue to shift towards cloud-based environments and face increasing data security concerns. The demand for scalable, flexible, and compliant backup solutions is expected to remain high, particularly as cybersecurity threats intensify and regulatory requirements become more stringent. The adoption of SaaS backup software is likely to expand further as businesses prioritize data protection and business continuity in the digital age.

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TRENDS INFLUENCING THE GROWTH OF THE SAAS BACKUP SOFTWARE MARKET:

Microsoft 365 is one of the most widely used cloud-based productivity suites, making its data backup crucial for organizations. As businesses increasingly rely on Microsoft 365 for emails, documents, and collaboration tools, the demand for SaaS backup solutions that ensure data protection, compliance, and recovery has surged. With the growing concerns around data loss due to human error, cyberattacks, or accidental deletions, specialized backup software for Microsoft 365 is becoming indispensable, driving the growth of the SaaS Backup Software Market.

Salesforce, as a leading CRM platform, contains valuable customer data that businesses cannot afford to lose. To mitigate the risk of data corruption, loss, or breach, organizations are turning to SaaS backup solutions specifically designed for Salesforce. These solutions ensure that businesses can restore lost data, maintain business continuity, and comply with data retention policies. The growing number of businesses using Salesforce is contributing to the rise in demand for reliable and secure backup services, thus driving the growth of the SaaS Backup Software Market.

Large enterprises, which generate and manage vast amounts of data, are increasingly adopting SaaS backup solutions to ensure the security of their data. These companies require advanced solutions that offer scalability, robust security features, and compliance with various regulations. Large enterprises are often prime targets for cyberattacks, which heightens the need for reliable backup services. Their need for continuous data availability and rapid recovery in the event of data loss is a key factor driving the growth of the SaaS Backup Software Market.

As regulatory requirements become more stringent, organizations are increasingly focused on ensuring data protection and compliance. Regulations like GDPR, HIPAA, and CCPA mandate that businesses have comprehensive backup solutions to protect customer data and ensure data availability in case of loss or breach. The need to comply with these regulations is driving the adoption of SaaS backup software, as businesses seek solutions that offer automated data protection and help avoid potential penalties.

The rapid shift towards cloud-based solutions across industries is another major factor driving the growth of the SaaS Backup Software Market. As more businesses migrate to cloud platforms, the risk of data loss and security breaches increases, prompting the need for backup solutions that can protect critical cloud-based data. SaaS backup solutions, which are designed to safeguard data stored on cloud platforms, are witnessing high demand as cloud adoption continues to rise.

With the increasing prevalence of cyberattacks, such as ransomware and phishing, businesses are placing greater emphasis on securing their data. Cybercriminals are often targeting cloud environments, and companies without adequate data backup solutions face severe financial and operational consequences. The growing number of cybersecurity threats is prompting businesses to invest in SaaS backup software, which provides a secure, automated way to back up and restore data, driving market growth.

Business continuity and disaster recovery are critical considerations for companies of all sizes. In the event of data loss due to technical failures, natural disasters, or human error, businesses need to ensure that they can quickly recover their data to minimize downtime. SaaS backup solutions provide businesses with the ability to recover lost or corrupted data quickly, ensuring minimal disruption to operations. The growing focus on business continuity is propelling the demand for SaaS backup software.

One of the primary advantages of SaaS backup software is its scalability and flexibility, which is particularly important for growing businesses. These solutions can be easily scaled up or down based on the organization’s needs, without the need for additional infrastructure. The ability to customize and pay for only the required backup services makes SaaS backup software attractive to businesses of all sizes. This flexibility is contributing to the widespread adoption of SaaS backup solutions.

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SAAS BACKUP SOFTWARE MARKET SHARE ANALYSIS

Global key players of SaaS Backup Software include Veeam, Commvault, Barracuda, Kaseya, Veritas, etc. The top five players hold a share of about 56%.

North America is the largest market, and has a share of about 52%, followed by Europe and Asia-Pacific with 29% and 13%, respectively. North America dominates the market due to its high cloud adoption rate and strict regulatory compliance standards. Europe follows closely, driven by stringent data protection regulations like GDPR. In Asia-Pacific, rapid digital transformation and increasing cloud usage in countries like China and India are contributing to the market’s expansion.

In terms of product type, Microsoft 365 Backup is the largest segment, accounting for a share of 50%. In terms of application, SMEs have a share of about 77 percent.

Key Companies:

AcronisBarracudaDruvaVeeamAsigraVeritasKaseyaCommvaultCohesityOwn CompanyAvePointN-able CoveArcserveHPE ZertoKeepitRewindDropsuiteSkyviaVembu (BDRSuite)Opentext (CloudAlly)

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  SaaS Backup Solution Market

–  Backup Recovery Software market was valued at USD 5572 Million in 2023 and is anticipated to reach USD 10800 Million by 2030, witnessing a CAGR of 9.8% during the forecast period 2024-2030.

–  Endpoint Backup Software market was valued at USD 2945 Million in 2023 and is anticipated to reach USD 5595 Million by 2030, witnessing a CAGR of 8.8% during the forecast period 2024-2030.

–  Email Backup Software Market

–  The global market for SaaS-based CRM Software was estimated to be worth USD 1130 Million in 2023 and is forecast to a readjusted size of USD 2505.3 Million by 2030 with a CAGR of 8.1% during the forecast period 2024-2030.

–  Data Backup Software Market revenue was USD 5630 Million in 2022 and is forecast to a readjusted size of USD 9272.8 Million by 2029 with a CAGR of 7.3% during the review period (2023-2029).

–  The global Cloud Backup market size is projected to reach USD 4229.3 Million by 2026, from USD 1834.3 Million in 2019, at a CAGR of 12.5% during 2020-2026.

–  Backup Restore Software Market

–  Backup-as-a-Service (BaaS) market was valued at USD 11580 Million in 2023 and is anticipated to reach USD 65570 Million by 2030, witnessing a CAGR of 21.8% during the forecast period 2024-2030.

–  SaaS E-commerce Platform market was valued at USD 8523 Million in 2023 and is anticipated to reach USD 21580 Million by 2030, witnessing a CAGR of 15.0% during the forecast period 2024-2030.

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Technology

PayrollOrg’s Chapter Leadership Summit to Equip Payroll Chapter Leaders with Tools for Success

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November 7, 2024

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LAS VEGAS, Nov. 7, 2024 /PRNewswire/ — PayrollOrg (PAYO) will provide local chapter leaders with the essential tools and guidance they need to ensure the ongoing success of their chapters at the Chapter Leadership Summit, November 7 – 8 in Las Vegas, Nevada.

“Supporting our chapter leaders is crucial to the growth and sustainability of local chapters,” said Dan Maddux, executive director of PayrollOrg. “The Chapter Leadership Summit is designed to not only provide practical tools and strategies but also foster a strong network of motivated leaders who can inspire their teams and communities.”

Participants will have the unique opportunity to connect with fellow leaders, exchange ideas, and develop strategies to motivate their chapter members. Tailored educational sessions will offer specialized training on critical topics such as fiscal responsibility, general chapter operations, and event planning. These sessions will be led by guest speakers with expertise in chapter management and leadership development.

The conference will be held at MEET Las Vegas in downtown Las Vegas. Visit PAYO online to view the full conference agenda. The event is sponsored by Wisely by ADP.

PayrollOrg is the leader in payroll education, publications, and training. Visit PAYO online at www.payroll.org.

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SOURCE PayrollOrg

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New features revealed for PaperCut Hive cloud print management solution

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21 mins ago

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November 7, 2024

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Groundbreaking enhancements improve print management with intelligent job routing, advanced security protocols, low-touch onboarding, and cost-tracking tools, redefining industry standards.

PORTLAND, Ore., Nov. 7, 2024 /PRNewswire/ — PaperCut Software, a global leader in print management solutions, announces the latest feature upgrades to PaperCut Hive, its cloud-native print management solution. This release, including intelligent print job routing, advanced security with SSO and MFA, and comprehensive print cost tracking, empowers organizations to streamline printing while enhancing security and efficiency across all user levels.

With innovations such as “Autopilot” intelligent print job routing, customizable print delivery profiles, and SAML-based Single Sign-On (SSO) with Multi-Factor Authentication (MFA), PaperCut Hive is now more adaptable than ever. The updates aim to make secure, efficient printing accessible for businesses of all sizes, providing admins with greater control and flexibility over their printing infrastructure.

“PaperCut Hive’s latest features redefine what’s possible in cloud-native print management,” said Keith O’Brien, Head of Cloud Products at PaperCut. “We’ve developed tools that give admins unprecedented control over print routing and security while delivering an intuitive, low-touch experience for end users. By simplifying onboarding and reducing the burden on IT, PaperCut Hive continues to bring scalable, secure print management to organizations of all sizes.”

Key enhancements include the following:

Autopilot Intelligent Routing: The new Autopilot feature selects optimal print nodes automatically, ensuring efficient print delivery in any network environment.Advanced Print Delivery Profiles: Allows IT administrators to customize print job routing based on unique organizational needs, optimizing efficiency.Enhanced Security with SAML SSO and MFA: Provides secure, unified access for admins and end users, integrating seamlessly with existing enterprise systems.Comprehensive Cost Tracking: New financial tools give visibility over print and copy expenses, promoting accountability and encouraging cost-saving measures.Intuitive, Self-Serve User Onboarding: Low-touch onboarding lets end users set up their devices independently, freeing up IT resources.

This release also includes expanded support for major printer brands with new Kyocera and Lexmark apps, ensuring compatibility with a broader range of devices and simplifying the setup for organizations of any size.

 

View original content:https://www.prnewswire.com/news-releases/new-features-revealed-for-papercut-hive-cloud-print-management-solution-302299431.html

SOURCE PaperCut Software

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Acclime enters strategic partnership with Danish Industry

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November 7, 2024

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SINGAPORE, HONG KONG and COPENHAGEN, Denmark, Nov. 8, 2024 /PRNewswire/ — Acclime, providing businesses with corporate, governance, and advisory services throughout Asia and major markets, announces today that it has entered a strategic partnership with Danish Industry (DI) to provide high-end corporate and professional services to the members of DI in the markets where Acclime operates.

DI is a private business and employers’ organisation representing more than 20,000 member companies in Denmark, making it the country’s largest commercial association. DI helps its members transform global opportunities into business successes, with 1,200 employees dedicated to the task in Copenhagen, Brussels, Mumbai, Chennai, New York, Shanghai, Berlin, Nairobi and Seoul. There are also associated partner offices in Australia, Brazil and Mexico.

In the partnership agreement between DI and Acclime today, DI’s operations in Shanghai will become an integral part of the Acclime Group in line with DI’s strategy of expanding its presence across the Asia-Pacific region to greater service Danish and other Scandinavian businesses.

Acclime has operational centres in 14 markets across the Asia-Pacific region. Its Greater China reach includes offices in Beijing, Shanghai, Shenzhen, Guangzhou and Hong Kong. Acclime boasts more than 1,400 professionals working to provide its 16,000+ clients with advisory, market entry, business compliance, accounting, tax, payroll and legal solutions. This positions Acclime as the ideal service provider for DI’s members as they seek to expand their Asian presence.

Mr. Izzy Silva, CEO of Acclime, commented: “We welcome this partnership as it clearly increases our reach and forms a strong link to businesses across Scandinavia wishing to expand operations in Asia. We look forward to introducing our services to DI’s existing clients and new members who are looking east.”

DI’s Deputy CEO, Mr. Thomas Bustrup, added: “I was in Shanghai at the beginning of DI’s operations there in 2003 and have seen how the team have expertly assisted Danish companies with their China expansions. Bringing in Acclime’s expertise and strength allows us to become a better part of our members’ full expansion journey across the entire Asia-Pacific region. This has long been a dream of ours, and we are excited to see this new potential.”

Managing Director of DI Asia Base in Shanghai, Mr Glen Mikkelsen, and his team of 20 professional staff will transfer with the business across to Acclime China. A comprehensive program of marketing outreach activities is planned to the DI membership base to inform them of the new services and markets available via this strategic partnership with Acclime.

About Acclime

Acclime provides businesses with corporate, governance, and advisory services. It operates in 14 countries, employing over 1,400 dedicated professionals. The firm provides a comprehensive range of professional services and business advisory to help businesses navigate complex regulatory environments and achieve their goals at all stages of the business life cycle.

About Danish Industry

Danish Industry (DI) is Denmark’s largest, most representative and most influential business and employers’ organisation, covering manufacturing as well as service industries across sectors such as transport, energy, IT, health, trade and professional services. DI helps Danish companies every day in their efforts to win in international markets and turn global opportunities into successful businesses – locally, nationally and internationally.

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SOURCE Acclime

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