Asigra Highlights Importance of Protecting SaaS Data as Software-as-a-Service Market on Track to Reach $232 Billion in 2024 – October 19, 2023 – Asigra Inc. the global leader in ultra-secure backup and recovery, today highlighted the criticality of SaaS application backup as the market is poised to surge to a staggering US $232 billion by 2024, according to recent research. Digital transformation, combined with the current dynamic business environment, has made the use of SaaS applications integral for companies of all sizes. 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. “SaaS applications are more than just tools; they’re 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,” said Eric Simmons, Asigra CEO. “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.” Several factors contribute to the robust growth of the SaaS market: Rapid Digital Transformation: The pandemic-induced shift towards remote work and digital operations has accelerated the adoption of SaaS applications across industries. Cost Efficiency: The subscription-based model of SaaS applications allows businesses to optimize operational costs, driving its popularity. Scalability & Flexibility: SaaS solutions offer businesses the flexibility to scale up or down based on demand, catering to both SMEs and large enterprises. Protecting SaaS application data involves a shared responsibility model, where the SaaS provider is responsible for the security of the infrastructure and the application itself, and the customer is responsible for how they use and manage data within the application, as well as adherence to compliance with relevant regulations. It is crucial for both parties to understand and fulfill their respective responsibilities to maintain a secure and compliant SaaS environment. Under this model, Asigra emphasizes that businesses invest in parallel solutions, including a robust backup and recovery platform, which is essential to counter threats like ransomware, accidental data deletions, and system outages. Asigra’s enterprise-grade backup and recovery solutions are designed to address these challenges. With over three decades of experience, Asigra continues to innovate, offering businesses peace of mind knowing their precious data assets are in safe hands. Tweet This: @Asigra Highlights Importance of Protecting SaaS Data as Software-as-a-Service Market on Track to Reach $232 Billion in 2024 – https://bit.ly/45BsBAn Additional Resources: For more information on SaaS application backup and recovery, please visit https://www.asigra.com/saasbackup. Hear what service providers have to say about working with Asigra: https://www.asigra.com/partnership. Follow Asigra on Twitter at: http://twitter.com/asigra Learn more about ultra-secure backup from Asigra at: https://www.asigra.com/ransomware-protection