Artificial Intelligence

Backup as a Service (BaaS) Market Size to Grow USD 39.2 Billion by 2029 at a CAGR of 31.5% | Valuates Reports

Published

5 months ago

December 21, 2023

BANGALORE, India, Dec. 21, 2023 /PRNewswire/ — Backup as a Service Market is Segmented by Type (Online Backup, Cloud Backup), by Application (Application Backup, Email Backup, Media Storage Backup): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Computer Drives & Storage.

The Global Backup as a Service Market was valued at USD 7.2 Billion in 2022 and is anticipated to reach USD 39.2 Billion by 2029, witnessing a CAGR of 31.5% during the forecast period 2023-2029.
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Major Factors Driving the Growth of the Backup as a Service Market
The widespread adoption of cloud technologies and digital transformation initiatives, the growing emphasis on data security and regulatory compliance, the search for affordable and scalable backup solutions, and the increased focus on disaster recovery preparedness are some of the factors driving the Backup as a Service (BaaS) market.
The market is growing as a result of the increasing prevalence of remote work situations as well as the inherent scalability and flexibility of BaaS products. Furthermore, as businesses prioritize BaaS solutions to guarantee data integrity, accessibility, and resilience in a constantly changing digital landscape, there is sustained growth in the business community due to increased awareness of the crucial role that solid backup strategies play, especially when combined with educational initiatives.
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TRENDS INFLUENCING THE GROWTH OF THE BACKUP AS A SERVICE MARKET
Prolonged digital transformation activities across sectors and the broad use of cloud computing have a significant impact on the growth of the Backup as a Service (BaaS) industry. Scalable and adaptable data backup solutions are essential as more businesses move their operations to the cloud. In cloud contexts, BaaS offers a smooth and effective approach to safeguard sensitive data, guaranteeing data accessibility and integrity despite changing IT environments.
The BaaS industry is growing due in large part to growing regulatory compliance requirements and growing concerns about data security. Businesses are giving strong backup solutions a top priority in order to preserve their sensitive data due to the increasing frequency of cyber-attacks and the implementation of data protection requirements.
BaaS solutions help businesses save money and maximize their use of resources by doing away with the requirement for a sizable on-premises infrastructure and specialized IT staff for backup administration. Businesses may match backup costs to real usage using the subscription-based BaaS model, which lowers initial capital costs and offers a predictable cost structure that grows with data volume.
The business is realizing how important disaster recovery planning is, and this is driving the expansion of the BaaS sector. In the case of data loss or system failures, BaaS providers minimize downtime by providing automatic backup and recovery procedures. This emphasis on resilience is in line with business continuity methods used by companies to maintain operations even in the face of unanticipated disruptions.
BaaS solutions are in greater demand as a result of the global movement towards remote work and organizations’ need for dependable and secure ways to back up dispersed data from many endpoints. Effective data backup from remote work settings is made easier by BaaS, which helps organizations keep data secure, consistent, and accessible from a variety of places. BaaS solutions’ inherent scalability and flexibility play a major role in the market’s growth. Any size business may readily modify its backup architecture to meet evolving requirements and data volumes. Because of its scalability, BaaS is certain to be a competitive and appealing choice for big and small businesses alike that want to secure their backup plans for the future.
The need for BaaS solutions that satisfy data localization standards is rising as firms go worldwide. Regulations that require data backup and storage inside national boundaries are enforced in some places. By providing geo-redundancy and adhering to data residency laws, BaaS providers who serve companies with a variety of worldwide operations are well-positioned to benefit from the trend of globalization.
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BACKUP AS A SERVICE MARKET SHARE ANALYSIS
The developed IT environment and widespread cloud use in North America support a healthy BaaS market. BaaS providers benefit from the region’s emphasis on data security, compliance, and cutting-edge technology infrastructure.
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Microsoft CorporationHewlett Packard Enterprise CompanyDell IncCommvault SystemsNetAppUnitrendsIBMORACLE CORPORATIONVeritas TechnologiesVeeam SoftwareBroadcomAcronis International GmbHArcserveDattoAlphabetAmazonCisco SystemsVeritasPurchase Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-7W4332/Global_Backup_As_A_Service_BAAS_Market_Insights_and_Forecast_to_2028
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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Artificial Intelligence

Compact Solutions, Mighty Results: Cervoz Unleashes the Power of Edge Computing

Published

1 hour ago

May 20, 2024

CISION (PR Newswire)

compact-solutions,-mighty-results:-cervoz-unleashes-the-power-of-edge-computing

TAIPEI, May 20, 2024 /PRNewswire/ — Cervoz Technology, a leader in industrial-grade storage, memory, and expansion solutions, is powering the evolution of edge computing with its innovative solutions.

In today’s data-rich landscape, businesses rely on insights from IoT devices. With advancements in AI and 5G, data volumes surge, straining traditional cloud computing with bandwidth and latency issues. Edge Computing emerges as a solution, processing data at its source for real-time insights crucial for applications like digital twins, autonomous vehicles, and smart healthcare.
What is Edge Computing?
Edge Computing is a decentralized IT architecture that processes data near its origin, often at the network’s edge. This approach divides tasks from central data centers to edge devices and nodes. It enables faster, deeper insights and enhances responsiveness, improving speed and reducing latency compared to centralized clouds. Typically, an Edge Computing system comprises three layers: device, edge, and cloud.
The Device Layer
The device layer, situated closest to the physical world, comprises endpoint devices such as sensors, controllers, and cameras, among others. The layer prioritizes data collection and initial processing for real-time response and efficiency. It requires highly reliable, compact, and energy-efficient components. Cervoz’s M.2 2230 (A+E key /B+M key) NVMe SSDs and DDR4 SO-DIMM modules optimize this setup with fast data access and efficient storage in space-saving designs. They operate reliably across a wide temperature range (-40°C to 85°C) and feature additional conformal coating and anti-vibration filling for enhanced performance in harsh environments.
The Edge Layer
The edge layer, composed of edge servers and gateways, serves as a crucial link between device-layer data sources and cloud-based operations. It is designed for extensive data handling, filtering, and analytics, emphasizing quick operations and real-time responses to minimize reliance on remote data centers. For optimal performance, components must manage high processing loads with minimal latency and maximum stability. NVMe SSDs boasting PCIe Gen3 or higher, such as the Cervoz NVMe PCIe Gen3x4 SSD, with compact M.2 form factors, advanced DRAM cache buffer, and LDPC ECC technology, are perfectly suited for the edge layer. These SSDs enable efficient directory and error correction during high-speed data transfers, thus enhancing data accuracy and reliability.
The Cloud Layer
The cloud layer requires intensive processing and long-term storage, performing analytics, operating AI and machine learning, and managing extensive data systems across various edge locations. It demands high-performing and reliable components. Cervoz NVMe PCIe Gen4x4 SSDs excel with Read/Write speeds of up to 7,100/6,190 MB/s and 4K random IOPS up to 1,000K, with aluminum heatsinks and thermal throttling for overheating issues. DDR5-5600 DRAM boosts this setup with high data throughput and efficient power use, satisfying rigorous computational needs.
Interlayer Connectivity
Reliable, low-latency network connectivity is crucial as data flows between the device layer, edge, and cloud. Cervoz 10GbE Low-Profile Ethernet Card provides high-speed, stable wired connections in high-bandwidth, low-latency environments. Additionally, the new PCIe Compact Low-Profile Ethernet Card is ideal for narrow edge device enclosures. For areas where wiring is impractical, M.2 Wi-Fi cards offer essential wireless flexibility. These connectivity options ensure a solid foundation for seamless data management across all layers.
Cervoz offers comprehensive solutions to enhance edge computing capabilities. From compact NVMe SSDs and DRAM modules, to advanced modular expansion cards, enabling seamless integration, optimized performance, and unmatched reliability in edge computing deployments.
About Cervoz
Based in Taiwan, Cervoz Technology boasts almost twenty years of expertise in developing and providing industrial-grade storage, memory, and expansion solutions across a myriad of global industrial sectors.
ContactsSales: [email protected]
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Artificial Intelligence

Team Exponentia.ai UK attended the AWS summit in London

Published

1 hour ago

May 20, 2024

CISION (PR Newswire)

Team Exponentia.ai UK celebrates Sanjay Kumar’s insightful session at the AWS summit in London
LONDON, May 20, 2024 /PRNewswire/ — Sanjay Kumar, Head of Exponentia.ai in UK & Europe, delivered an impactful presentation on Driving Manufacturing Innovation through AWS Analytics & AI. The recently concluded AWS Summit took place on the 24th of April in ExCeL, London.

Sanjay shared the stage at Theatre B with Adrian Pinder from DS Smith and Ahmed Raafat from AWS, captivating the audience with insights and experiences from Exponentia.ai’s collaboration with DS Smith.
During the session, Sanjay Kumar highlighted Exponentia.ai’s impressive use cases and case studies, including the Data Factory and Procurement Spend Analytics (PSA) projects undertaken in partnership with DS Smith. These initiatives demonstrated Exponentia.ai’s commitment to leveraging the AWS ecosystem to drive operational efficiency and business growth in the manufacturing sector.
The Exponentia.ai team seized the opportunity to engage with industry peers, partners, and friends, while also exploring the latest innovations showcased at the summit. Their participation in various sessions and visits to innovative booths further enriched their understanding of industry trends and best practices.
Reflecting on the event, Sanjay Kumar expressed his enthusiasm, stating, “The AWS Summit in London provided an excellent platform for us to showcase our expertise in manufacturing analytics and AI. The overwhelming response from attendees reaffirms the value of our solutions in driving innovation and transformation across industries and our commitment to deliver value to our customers through data. We look forward to continuing our collaboration with AWS and our partners to deliver impactful outcomes for our clients.”
The AWS Summit London 2024 marked a significant milestone for Exponentia.ai, reinstating its commitment to excellence and innovation in the field of AI and analytics. As the team eagerly anticipates future events, they remain dedicated to empowering businesses with transformative technology solutions.
For more information about Exponentia.ai and its innovative offerings, please visit www.exponentia.ai.
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Artificial Intelligence

Clarivate Launches AI-Enhanced Solution to Accelerate Trademark Watching

Published

1 hour ago

May 20, 2024

CISION (PR Newswire)

Providing faster and more accurate answers to critical business questions
LONDON, May 20, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.

Trademark Watch Analyzer connects users to trademark datasets in 258 countries and territories across 191 official trademark registers, as well as data from 7+ million trademark litigation cases. This content is harmonized and connected through AI algorithms which query, connect and mine both datasets delivering advanced insights in supported watch products. This revolutionizes the way trademark watch results are delivered, so that clients can rank results based on their chance of success/opposition.
According to data from SAEGIS®, a CompuMark™ trademark solution from Clarivate, the number of trademark applications filed globally each year has more than doubled since 2014. With over one million new trademarks added to trademark registers around the world each month, the risk of infringement has never been greater, making vigilance of trademark applications essential to protect and grow strong brands.
Gordon Samson, President, Intellectual Property, Clarivate, said: “As the global business landscape grows more complex, trademark professionals are faced with challenges including more data, less context and shorter deadlines. Our advanced AI-driven solution enables clients to confidently monitor their trademarks anywhere in the world, with global monitoring and automated alerts, while also saving time, costs and critical resources. The launch of the Trademark Watch Analyzer is the latest example of our Think forward™ promise — connecting clients to trusted intelligence to ensure an IP-empowered tomorrow.”
With a more intuitive design and user interface, Trademark Watch Analyzer will enable clients to have a much-improved user experience as they work with their results. The navigation will be based on the same architecture as the Brand Landscape Analyzer launched in 2023, providing clients with a more cohesive experience within the Clarivate product suite.
Find out more about Trademark Watch Analyzer here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact: Jack Wan, External Communications Director [email protected]
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