The Future of Cloud Data Protection for SaaS: Trends, Challenges, and Best Practices for 2024

 


QKS Group (formerly Quadrant Knowledge Solutions) Reveals that Strong Growth Forecast for Cloud Data Protection in SaaS Applications Market by 2028 in the USA.

The Cloud Data Protection for SaaS Applications market in the United States is on track for substantial growth, with a projected CAGR exceeding the global average by 2028. This expansion is fueled by several key trends. As a global technology hub and leader in cloud adoption, the U.S. is experiencing heightened focus on data security and privacy. Businesses across industries are prioritizing the protection of sensitive data stored in SaaS applications to meet stringent regulatory frameworks such as the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).

The rapid growth of cloud-native technologies, combined with increasing reliance on remote work solutions and collaboration tools, has further underscored the demand for advanced Cloud Data Protection solutions. Ensuring data security, continuity, and resilience is now essential. Additionally, the U.S. government's commitment to innovation and cybersecurity, coupled with favorable policies, offers Cloud Data Protection providers significant opportunities to meet evolving business requirements and foster innovation within the market.

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Key Study Questions:

·       What is the current competitive landscape of the Cloud Data Protection for SaaS Applications market in the U.S.?

·       What will be the key competitive dynamics shaping this market by 2028?

·       How will vendors position themselves across segments, from SMBs to large enterprises, in the U.S.?

·       What will be the balance between cloud-based and on-premises solutions by 2028?

·       What are the strengths and challenges faced by vendors operating in the U.S. market?

·       Which industries will lead in market share, and what competitive factors will impact vendor positioning?

Strategic Market Insights

QKS Group defines Cloud Data Protection for SaaS applications as software designed to safeguard critical SaaS applications, endpoints, and hybrid cloud infrastructures from risks such as data loss, corruption, accidental deletion, and cyberattacks. This solution ensures seamless cloud-based backup and recovery to minimize disruptions caused by data incidents.

It also integrates data security controls, privacy measures, and compliance tools to prevent unauthorized access, enabling businesses to secure their data, ensure rapid recovery, and maintain regulatory compliance. These capabilities help organizations reduce downtime and protect their operations across various environments.

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Vendors covered in this Study:

Acronis, Asigra, AvePoint, CloudAlly, Commvault, Druva, Keepit, Spanning Cloud Apps,  and Veritas Technologies.

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