As enterprises continue to struggle with how to protect their data in the face of growing cyberthreats, data protection budgets are increasing around the world.
That’s according to Veeam Software Inc.’s 2023 Data Protection Trends Report released this week. The provider of backup, recovery and data management solutions found that 85% of organizations worldwide expect to increase their data protection budgets by 6.5% in 2023, significantly larger than predictions from Gartner (5.1%) and IDC (5.2%), and larger than overall spending increases in other areas of information technology.