Report: Cloud storage market to hit $270 million by 2015
01 July 2011 12:18:12
As threats from hackers and other IT-related challenges continue to mount, more businesses are turning to the cloud to protect their valuable corporate data.
According to a recent report from AMI-Partners, small- and medium-sized businesses, in particular, are looking to leverage the cloud to keep their digital assets safe.
Of the 1 million SMBs in the United States, more than 30 percent are currently using the cloud to store and backup information. As this trend continues, the research firm predicted, the U.S. cloud storage market will see a compound annual growth rate of 11 percent through 2015, reaching $270 million.
In addition to data security, AMI noted, cloud computing affords SMBs opportunities to reduce costs and improve flexibility with their IT solutions. Because data is stored on remote servers, companies only pay for the storage space their actually using, and there is no need to invest in costly on-premise hardware.
Given the recent natural disasters in Japan and throughout the mid-western United States, data recovery is likely on the minds of many IT managers these days. According to experts, the cloud also offers a sound solution for companies looking to improve disaster recovery practices.
-McAfee Cloud Security
