Toronto-based Asigra Inc., a company that specializes in secure backup and recovery, this week highlighted the criticality of Software-as-a-Service (SaaS) application backup as it said that, according to recent research from Statista, the SaaS market is poised to surge to US$232 billion by 2024.
“Digital transformation, combined with the current dynamic business environment, has made the use of SaaS applications integral for companies of all sizes,” it said in a release. “As businesses increasingly migrate to the cloud, safeguarding data in these applications has become paramount. This surge underscores the importance of adopting advanced backup and recovery solutions to ensure business resiliency and safeguarding against potential data loss or breaches.”
Company CEO Eric Simmons said SaaS applications are “more than just tools; they are the backbone of the modern enterprise. As the market continues its upward trajectory, businesses cannot afford to be complacent about the safety and availability of their data in these applications.
“Most SaaS apps follow the shared responsibility model where the SaaS customer is responsible for the protection of their own data, and our mission is to equip businesses with sophisticated, reliable backup solutions, ensuring that their data is protected, compliant, and recoverable – no matter where it resides.”
