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The announcement reinforces Commvault’s leadership as customers increasingly move to SaaS data management. IDC states that the data protection as a service segment is expected to grow at 16.8% CAGR, the fastest growing segment in the data protection market.

Bespin Global has been HUAWEI CLOUD’s strategic system integration partner globally since 2019. Under this new agreement, the companies are now extending their partnership to the Middle East, combining their capabilities to better serve the burgeoning GCC cloud market.

The global system integration market size was USD 278.0 billion in 2018 and is expected to expand at a CAGR of 11.7% with time.

As per the new partnership agreement, Credence Security will add Sealpath’s Information Rights Management (IRM) solution to its rich portfolio. Sealpath projects a CAGR of around 22% for the IRM market.