{"id":861,"date":"2018-07-30T10:54:14","date_gmt":"2018-07-30T10:54:14","guid":{"rendered":"http:\/\/www.racknap.com\/blog\/?p=861"},"modified":"2022-08-03T09:08:18","modified_gmt":"2022-08-03T09:08:18","slug":"how-can-service-providers-make-profit-by-selling-cloud-back-up-services","status":"publish","type":"post","link":"https:\/\/www.racknap.com\/blog\/how-can-service-providers-make-profit-by-selling-cloud-back-up-services\/","title":{"rendered":"How can service providers make profit by selling cloud back-up services?"},"content":{"rendered":"
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“It’s always better to prepare for an unlikely event than be caught unaware.”<\/em><\/p>\n<\/blockquote>\n

Business technology resiliency is the highest priority of organizations in today\u2019s world of 24×7 business requirements. No company can afford downtime. But still protecting and recovering virtual environments continue to be a big challenge for IT organizations.<\/p>\n

As per ESG research survey, 26% of respondents indicated that data protection for virtual environments was one of the main challenges they are dealing with, while 25% indicated that the need to reduce backup time was another major challenge.<\/p>\n

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Lack of Backup strategy is a primary concern for all the organizations that are concerned with minimizing disruption to ongoing business operations. They cannot afford backup and recovery operations to interrupt business operations, and affect end-user systems and data recoverability. Additional challenge which large enterprises face is backing up of mixed virtual workloads at scale, where traditional backup models fail.<\/p>\n

The traditional backup models prove to be too expensive, time-consuming, and are unable to meet more aggressive recovery objectives.<\/p>\n

A commissioned study conducted by Forrester Consulting on behalf of Microsoft, reveals top challenges that organizations face when it comes to backup and recovery:<\/p>\n

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So, organizations need a solution that would back up data more reliably and faster in their virtual environments, allowing business operations to continue with little disruption while improving their response to service level agreements (SLAs).<\/p>\n

Thus, the idea of supplementing, or entirely getting rid of the current backup solution with a cloud data backup solution is one of the most appealing and big trends in IT today.<\/em><\/p>\n

Cloud backup – an opportunity for cloud service providers and managed service providers.<\/h2>\n

The cloud backup market size is expected to grow from USD 1.30 Billion in 2017 to USD 4.13 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. marketsandmarkets<\/a><\/p>\n

As stated above, this demand for cloud backup is driven by many factors:<\/p>\n