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ESG research notes that 57% of organizations intend to increase spending on data protection solutions compared to the prior year, making it one of the top spending priorities for organizations tracked by ESG.
Problems like runaway growth in data volumes, the dramatic increase in IT complexity and a substantial expansion of data protection threats have been key drivers of this trend. To address these challenges, most organizations have picked up the pace of their move to the cloud in an effort to bolster their security strategy.