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According to a January 2015 Markets and Markets report, the managed services market will likely experience considerable expansion through 2019 thanks to boosted adoption across a range of industries, including the startup sector.
Overall, Axcient CEO Justin Moore noted that such downtime and permanent data loss can cost the business market more than $40 billion annually. Although cloud-based backup and recovery is still early in adoption, the recovery market is ripe for innovation and the cloud is the next frontier.”.
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