Online storage market set to explode, says researcher

Rapid rise in digital data at home and in small businesses will propel take-up

Global online backup services are poised for growth, according to research company, IDC.

The growth will be fuelled by a combination of factors, including the tremendous growth in digital data generated by both individuals and small businesses. IDC said it estimated that revenue for this emerging market would reach $US715 million by 2011, representing a 33.3 per cent compound annual growth between 2006 and 2011.

Over half of the spending in this market will be in North America at first, but other regions will increasing their share through 2011, the company said. IDC also predicted that adoption by consumers and small businesses would dominate the market for several years with slower adoption by medium-sized businesses and enterprises, but that revenue growth will slow in 2010. By then, according to IDC, services practices begin to standardize, competition will hinder price rises, suppliers will consolidate, and online backup will have become a built-in feature in some online and Web-based services.

IDC said that online storage began its transformation in 2007 from a simplified backup option for consumers and small businesses to an offering that can enable larger businesses bolster disaster recovery operations, regulatory compliance needs and help curb storage infrastructure costs. Even Google is reportedly interested in building online storage technology to take advantage of the lucrative market.

"Consumers and small businesses especially are interested in alternative methods of protecting their data, as traditional backup methods fall short regarding efficiency, reliability, and ease-of-use," research director for storage services at IDC, Doug Chandler, said. "Online backup has become an attractive approach for many customers, with the advent of cheaper broadband access, users' greater comfort level with Web-based services, and the growing business need for a second site for remote data protection purposes."

The new report follows a more wide-ranging storage report, released in late December 2007, where IDC envisaged new data storage models such as object-based storage, green storage technology, which helps companies reduce their carbon footprint and energy expenditure.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Manek Dubash

Techworld.com
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?