In the current connected world which virtually every online service is based on cloud computing, a system malfunction could bring disastrous results including the shut-down of service or the unwanted deletion of data. To prevent such accidents, firms operate expensive independent backup cloud systems.
SK C&C said in a statement on Thursday that Cloud Z Disaster Recovery (DR)", a cloud backup and recovery service, will ensure continuous cloud services as it stores cloud data in a data center as a recovery system. "Our strong point is that the Cloud Z DR service can accommodate any clouds and systems currently used by our clients," SK C&C's cloud business head Shin Hyun-seok was quoted as saying.
The global cloud recovery market is rapidly growing with an annual average growth rate of 24.2 percent, thanks to the increasing number of cloud-based services and systems. It is estimated to reach $22.2 billion by 2023, according to global market research firm Allied Market Research. Currently, the top players in the market are American tech companies Amazon and Hewlett-Packard.