Which collaborative partnerships will help your organization capitalize on next-generation data protection services?
Today, the evolution of data protection services is compelling enterprises to adapt their growth strategies. Further, as customers grapple with stringent data privacy regulations and the complexities of hybrid cloud environments, providers face the imperative of thwarting the following growth barriers, while fostering long-term competitive differentiation:
- Ensuring adequate network connectivity and minimizing the costs associated with transferring data.
- Securing infrastructure supply chains amid geopolitical chaos and macroeconomic uncertainty.
- Integrating improved systems, networks, acceleration libraries, and chips to facilitate faster computing.
As a result, hyperscalers and technology providers are prioritizing strategic alliances and partnerships with adjacent verticals to expand their service portfolios and solution functionalities.
Revealed: The Growth Potential of Data Protection Services
Over 41% of global businesses struggle with the security and compliance of data and applications.
The data protection provider ecosystem is divided across 5 categories – software/platform providers, storage companies, security vendors, hyperscalers, and managed service providers (MSPs). This is poised to grow at a CAGR of 11% through to 2028, creating new opportunities worth $67.6 billion.
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Geopolitical Chaos
Industry Convergence
Disruptive Technologies
Have you embraced these strategic imperatives to strengthen your organization’s security posture?
To successfully navigate this transformation and delve into emerging growth opportunities in cloud technologies, access Frost & Sullivan's comprehensive intelligence on the subject. Download sample to unlock best practices today!
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