The prediction by Gartner that backing up software-as-a-service (SaaS) applications will become a critical business requirement for three-quarters of enterprises by 2028 highlights the emerging essentiality of this practice. The increasing frequency of IT outages has driven this forecast, compelling enterprises to rethink their data protection strategies. According to Gartner, SaaS expenditure in Australia alone is expected to reach nearly $11 billion in 2024, marking a year-over-year growth of 18.3%. This surge is propelled by the pressing need for application modernization and the ongoing shift towards cloud-based business solutions. Organizations are increasingly adopting SaaS applications, making it imperative to also invest in robust backup solutions.
Expanding Market for SaaS Backup Solutions
As businesses become more reliant on SaaS applications, the market for SaaS backup solutions is rapidly gaining momentum. Organizations understand the risks inherent in an IT landscape dominated by cloud services. Without a solid backup strategy, they risk significant operational disruptions due to IT outages, errors, cyber attacks, and vendor-related mishaps. Michael Hoeck, a Senior Director Analyst at Gartner, underscores the utmost importance of having regular backup and recovery processes as businesses continue to lean heavily on SaaS technologies. The inevitability of encountering various forms of data loss makes robust backup solutions indispensable.
To address these concerns adequately, Gartner advises integrating data protection and recovery features into the governance framework for SaaS applications. This approach ensures that data is not just stored but actively protected, making recovery possible under different loss scenarios. One effective strategy is to comprehensively assess the capabilities of SaaS vendors in data protection and recovery. This examination can identify gaps that necessitate additional layers of security, often provided by third-party SaaS backup solutions. These third-party solutions offer enhanced protection beyond the native capabilities of vendors, thus fortifying the enterprise’s overall data governance program.
Prioritizing Data Protection and Operational Continuity
Gartner predicts that backing up software-as-a-service (SaaS) applications will become a critical business requirement for 75% of enterprises by 2028. This forecast underscores the growing importance of SaaS backup practices, driven largely by the increasing frequency of IT outages. Enterprises are being compelled to reevaluate their data protection strategies. In Australia, SaaS expenditure is set to hit nearly $11 billion in 2024, reflecting an 18.3% year-over-year growth. This surge is fueled by the need for application modernization and the broader shift to cloud-based business solutions. More organizations are adopting SaaS applications, making it essential to invest in reliable backup solutions to safeguard against data loss. As businesses increasingly rely on cloud-based applications for their operations, the importance of a comprehensive data protection strategy cannot be overstated. Robust backup solutions help ensure business continuity and protect critical data, proving essential for modern enterprises navigating the digital landscape.
