Research Study Reveals that High Data Growth Rates Driving Interest in Recovery-Based Pricing for Backup Software
Posted Dec 06 2013 10:04am
Fair Software Pricing Options Favorable to Organizations Impacted by Data Growth
TORONTO, CANADA, December 06, 2013 - Asigra Inc., a leading cloud backup, recovery and restore software provider since 1986 today announced results from a recent study conducted by Winning Research, an emerging market research field services firm. The study focused on recovery-based pricing for the backup space and revealed several findings including the demand by organizations for software pricing that aligns business value with price.
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In the Winning Research study, 161 CIOs, IT executives and IT staff participated in a detailed research study.. The results provided information on the comprehension of recovery-based pricing, willingness to buy and pricing sensitivity. Findings included the following:
· 90% of survey participants expect the cost for backup and recovery to go up over the next five years. As a result, there is a willingness-to-switch to recovery-based pricing, showing that fear of cost growth is a strong motivator to make the switch. · 84% of all respondents indicated they would be either Likely or Very Likely to switch to recovery-based pricing today, if it offered the same technical capabilities as their current software. · Companies with high data growth rates were more likely to switch to recovery-based pricing. · Respondents with larger data backup volumes indicated they would be more likely than those with small data backup volumes to switch to recovery-based pricing. · Large enterprises were the most likely to switch to recovery-based pricing.
Infographic The following infographic provides a graphical representation of the Winning Research study results: http://www.asigra.com/performance-based-pricing
Innovations in technology have facilitated dramatic shifts in the adoption of new business models across markets. Those that gain acceptance have demonstrated a greater level of fairness to customers, delivering monetary advantages and enhanced benefits for greater value. The pricing models that currently dominate the software market have become disconnected in the alignment of cost to business value. IT buyers today are looking to new models such as recovery-based pricing to bring greater commercial flexibility and fairness, but there will need to be a shift in the status quo to increase momentum in this area.
Asigra is a leading provider of recovery-based pricing options for backup and recovery. In mid-2013, the company introduced the Asigra Recovery License Model® (RLM), which gives organizations the option of selecting a fair pricing model based on how little data they recover over a 12-month period. The model is enabled by technology and follows what many experts agree is an evolving movement toward performance-based pricing that aligns with the value derived by the customer. With Asigras approach, customers who recover less will pay less, and costs are capped so that recovery costs never exceed more than 25% of their data. The model provides stable and predictable pricing over time regardless of the amount of data backed up.
Pricing alternatives for technology have evolved significantly as cloud computing has taken center stage. The need for change in the pricing of software and software-based services has finally come to a point where users are more educated on the topic and demanding that pricing be aligned with business value, said Eran Farajun, Executive Vice President, Asigra. Asigras Recovery License Model is a leap in this direction, providing immediate value that scales as data volumes grow. The Winning Research study highlights the demand for such a model which is in line with feedback we receive from our partners and customers.
To learn more about Asigra, visit: www.asigra.com
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About Asigra Trusted since 1986, Asigra provides organizations around the world the ability to recover their data now from anywhere through a global network of partners who deliver cloud backup and recovery services as public, private and/or hybrid deployments. As the industrys first enterprise agentless cloud-based recovery software to provide data backup and recovery of servers, virtual machines, endpoint devices, databases and applications, SaaS and IaaS based applications, Asigra lowers the total cost of ownership, reduces recovery time objectives, eliminates silos of backup data by providing a single consolidated repository, and provides 100% recovery assurance. Asigras revolutionary patent-pending Recovery License Model provides organizations with a cost effective data recovery business model unlike any other offered in the storage market. Asigra has been recognized as a Gartner Cool Vendor and has been included in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software since 2010. More information on Asigra can be found at www.asigra.com
About Winning Research Winning Research is one of the fastest growing market research field services companies in the world. Headquartered in Toronto, Canada, specialize in data collection and qualitative project management. The corporate culture is based on passion, commitment and resourcefulness, which is why the organizations is able to provide quality data collection, efficiency, unmatched technology and uphold world class client service harmoniously. Winning Research has a wealth of experience in healthcare, financial services, technology, consumer, and B2B research, conducting research in any one of 17 languages all over the globe.
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