#Datacompression software can be used to reduce the size of data by up to 90%. This can save businesses money on storage costs and improve the performance of their applications. Data compression software can also be used to improve data security by making it more difficult for unauthorized users to access sensitive data.

The #globaldata compression software market is expected to grow at a CAGR of 7.7% from 2020 to 2030 to touch Approximately $1.81 Billion by 2030-End. The major drivers for this growth are the increasing amount of data being generated and stored, the need to reduce the size of data for storage and transmission, and the growing popularity of cloud-based storage.

Today's Headline in NewsHours
0:00: Intro.
00:44 Data compression software is in high demand due to cloud-based storage and big data.
01:18 Data compression software can help businesses manage and secure their data.
01:52 Data compression software market is competitive and expected to intensify.
02:30 YouTube's feature update limits story posts to 7 days.
03:13 Be cautious of untrusted sources and websites.
03:55 Central Bank of India fined INR 84.5 lakhs for non-compliance with fraud classification norms.
04:34 Neuralink receives FDA approval for first inhuman clinical study.


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