Global revenue for cloud backup and other cloud computing services looks set to reach nearly $70 billion this year, with banking, discrete manufacturing, retail, process manufacturing and professional services accounting for around 45 per cent of total expenditure.

This is according to new research from the International Data Corporation, which has just published its latest report, Cloud Computing: The Essential Foundation of Industry Digital Transformation – Worldwide and US Cloud Forecast By Vertical, 2015-2019, First Post reports.

However, it was found that regulatory concerns and security are still the biggest barriers for cloud computing take-up across industries such as the financial services and government, with other issues surrounding legacy systems and loss of perceived control with relation to IT assets also putting obstacles in the way.

“Industry-specific applications will be a driving force as businesses look for solutions that can be easily configured to their unique business and vertical requirements,” the news source observed.

The key concern for many in relation to cloud computing adoption is security, with businesses worried that they will not retain control of their data or know where it is being stored. Here at Redstor, data is encrypted before it leaves a customer’s site and remains encrypted at all stages, before transit, during transit and whilst at rest in in our data centres. Clients each set and retain complete control over the encryption key, never passing it to Redstor. As a result, only they are able to decrypt their data.

To address the issue of perceived lack of control and to provide lightning fast performance, Redstor also offer a hybrid cloud backup option including a local backup store to provide LAN speed backups and restores.