Acronis Achieves 57% Revenue Growth in Australia for 2024

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Acronis Reports 57% Revenue Growth in Australia: A Surge Driven by AI-Powered Cybersecurity Solutions

In a remarkable demonstration of growth and resilience, Acronis has announced a staggering 57% year-over-year revenue increase in Australia, a trend largely attributed to the rising demand for its AI-powered cybersecurity solutions. This surge not only highlights the increasing importance of cybersecurity in the digital age but also underscores Acronis’s strategic expansion in the Australian market.

Expanding Presence and Tailored Solutions

Acronis has been actively broadening its footprint in Australia, focusing on solutions specifically designed for managed service providers (MSPs) and businesses. The introduction of innovative offerings such as Acronis Advanced Security + XDR and Acronis Managed Detection and Response (MDR) services has positioned the company as a formidable player in the cybersecurity landscape. These solutions are particularly vital as businesses grapple with the complexities of modern cyber threats.

The company has reported a significant uptick in endpoint detection and response (EDR) workloads, reflecting a growing recognition among Australian enterprises of the need for robust cybersecurity measures. This shift has been instrumental in driving Acronis’s impressive revenue growth, with a 50% increase in total workloads contributing to the overall success.

A Transformative Year: 2024

According to Kelly Johnson, General Manager at Acronis ANZ, "2024 has been a transformative year for Acronis in Australia." The company’s expansion is fueled by the escalating demand for comprehensive cybersecurity solutions, which are essential for local businesses and MSPs looking to bolster their defenses against cyber threats. Acronis’s commitment to the Australian market is further exemplified through initiatives like the #TeamUp program and the MSP Academy, both designed to support the technology and business community.

Meeting Compliance Demands

The pressure on Australian businesses to comply with the national Cyber Security Strategy has significantly increased the demand for advanced cybersecurity solutions. Acronis Cyber Protect Cloud has emerged as a preferred choice for many enterprises due to its native integration of cybersecurity, data protection, and endpoint management. This comprehensive approach not only minimizes downtime but also aids businesses in achieving the Essential Eight maturity levels, a set of baseline strategies to mitigate cybersecurity risks.

Rising Cybersecurity Budgets

The urgency for enhanced cybersecurity measures is echoed by Michael Barnes, Director and Principal Analyst at Tech Research Asia, who noted that "57% of firms are increasing their cybersecurity budgets in 2024." This trend presents a substantial opportunity for trusted partners like Acronis as businesses shift towards resilience-centered approaches while embracing emerging technologies, including artificial intelligence.

Commitment to Cyber Resilience

Acronis remains steadfast in its mission to deliver cutting-edge cybersecurity solutions that empower MSPs and businesses across Australia and beyond. The company’s recent announcement regarding the availability of Acronis Advanced Security + XDR and Acronis MDR services in June 2024 emphasizes its focus on enhancing cyber resilience. By leveraging both regional and global threat intelligence, as demonstrated by the Acronis Threat Research Unit, Acronis is committed to equipping its customers with the tools necessary to navigate the complexities of today’s digital landscape.

A Period of Hypergrowth

Gaidar Magdanurov, President at Acronis, remarked on the company’s trajectory, stating, "Acronis is experiencing a period of hypergrowth in the region, driven by our AI-powered cybersecurity capabilities that complement traditional backup solutions." He emphasized that Australia is a key market for Acronis, and the company is dedicated to deepening its commitment to regional threat intelligence while enhancing support for customers and partners.

Conclusion: A Bright Future Ahead

As Acronis continues to innovate and expand its offerings, the company is well-positioned to address the evolving cybersecurity priorities of organizations across Australia. The recent revenue growth and the increasing adoption of its solutions underscore Acronis’s growing presence in the ANZ market. With a focus on comprehensive cybersecurity measures and a commitment to supporting local businesses, Acronis is poised to play a pivotal role in shaping the future of cybersecurity in Australia.

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