A recent IDC Market Spotlight reports significant growth opportunities for cloud backup and recovery service providers with the market exceeding over $2 billion in spending in 2013 and double-digit growth. MSPs (managed service providers) can use backup-as-a-service (BaaS) and disaster recovery-as-a-service (DRaaS) to differentiate their portfolio, cross-sell new services to existing customers and expand into new markets, among other benefits

Did you know that the cloud backup and recovery services market exceeded $2 billion in spending in 2013 with double-digit revenue growth?