That said, cloud backup and storage is the practice of moving data off-site to a service provider for management, access, and protection. It’s a way to describe the paradigm shift in which servers, software, and files are delivered to an organization’s computers and devices via the Web instead of on local servers and desktops. In the simplest terms, the cloud is a metaphor for the Internet. The term “Cloud computing” is nebulous because it can mean different things to different people. Defining Cloud Backup and Storage Software As a result, the cloud storage industry has evolved into a highly competitive market, with a projected worth of over $56 billion by 2019. Additionally, many vendors have split their offerings to appeal to both businesses and consumers.

Many business owners that once feared entrusting their files to a third-party have embraced the trend to alleviate the cost, space, or administrative burden of maintaining a full backup system on-premise. Vendors have taken special care to address pressing privacy and security concerns over the last five years. In 2015, approximately 24 percent of IT budgets will be allocated to cloud solutions. Eighteen months later, 69 percent of enterprises had services running in the cloud. In 2013, Forbes reported that more than half of U.S. Further research indicated that 96 percent of people were using cloud services, yet half of respondents were not familiar with terms like “cloud storage” or “cloud computing”.īut, despite low overall awareness of cloud-related terminology, consumer preferences finally filtered into businesses. Gartner predicted consumers would store more than a third of their digital content in the cloud by 2016. In 2010, IT analysts reported “Business Users Are Not Ready For Cloud Storage,” citing low adoption rates due to barriers such as service levels, security, and long term pricing.īy 2012, demand for instant storage and access to content and data on multiple devices was steadily increasing. The cloud storage and backup industry has taken the world by storm.

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