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According to McKinsey, the global SaaS market is now valued at $3 trillion, and their estimations show it could increase to a whopping $10 trillion by 2030. Unless specifically built into the contract upfront, viruses and malware, insider threats, and issues caused by human or configuration error are usually not covered by the SaaS provider.
With that said, it’s critical for today’s leaders to understand and recognize the need to move away from legacy backup solutions, and instead focus on building proactive resiliency architectures supported by modernized backup strategies in order to expedite data recovery and mitigate the full impact of a cyberattack.
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