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Technavio’s research analyst predicts the global backup-as-a-service market to grow at a CAGR of around 27% during the forecast period. The high cost of deploying disaster recovery on premises is one of the primary growth drivers for this market. Infrastructure related to disaster recovery needs considerable upfront investment and continuous investment in hardware and networks. Many SMEs fail to implement disaster recovery solutions in their system due to high implementation cost. They instead opt for the annual subscription model of backup-as-a-service.