Cloud Storage to grow by over 100% by 2019

News - 21 Jul 2015

Recent findings from leading market research firm, MarketsandMarkets, reports that cloud-based storage has become vital for many organizations. The research predicts that the cloud storage market will grow at a Compound Annual Growth Rate (CAGR) of 33.1%, resulting in 100% growth by 2019.

Storing documents and files physically or on local drives can result in lengthy document retrieval times, compliance issues, and lack of visibility for organizations. Hence, organizations are leveraging cloud solutions to manage documents in a centralized and cost-effective manner.

In opting for cloud storage solutions, companies have witnessed significant benefits including reduced spending on technology infrastructure, elimination of capital costs, and improved accessibility.

SoftCo Cloud simplifies the management, retrieval, and protection of critical information over its entire lifecycle. It meets all compliance requirements, reduces operational costs, and gives full auditability and traceability. SoftCo Cloud is utilized by many customers from across multiple sectors including financial services, manufacturing, and healthcare. SoftCo Cloud is ISO 27001-certified.

“This growth is mirrored in SoftCo’s global customer base as over half of all new solution deployments are to SoftCo Cloud. Leading organizations such as Grafton Group, SouthWestern, William Tracey Group, and Arro Group utilize SoftCo Cloud to benefit from 24/7 secure access to data while reducing costs.”

Killian McCarthy, Sales Director, SoftCo