125 million SMEs worldwide, with two million in Australia alone.
~1 billion websites with potential need for data backup and recovery.
According to IDC Research, online data protection and recovery software
revenue of ~US$6 billion per annum, with growth driven by (1) demand for cloud services; (2) increasing prevalence of hacking and cybercrime, and hence demand for recovery of digital assets; (3) increasing understanding of business continuity and disaster recovery planning, especially around reduction in downtime costs, recovery time and data loss.
At 600,000 users looks like DSE has 0.5% global market share
Looking forward to 1 million users
DSE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
