As a hosted services company specializing in data management and protection, clients come to @DataStorageCorp for our expertise in helping organizations meet their daily information management challenges.
One data management topic which was featured in a new Data Recovery Services industry report from IBISWorld Inc. detailed a decline in the demand for traditional Data Recovery Services. On the surface of it, this finding would be that opposite of what one would expect – as businesses dramatically increase their reliance on computers and data, you’d be tempted to think that the potential for loss of this data would increase – but that isn’t the case. So then why is demand for data recovery services falling? Well…the answer is clear, or should we say, “cloudy”. As the report goes on to explain, because of the greater adoption of better data storage and protection solutions such as cloud-based data storage and backup, traditional data recovery services aren’t needed.
The IBISWorld report defines Data Recovery Services as those services focused on salvaging “computer files from damaged, failed, corrupted or inaccessible storage media.” This is very much the traditional approach used by many data services vendors in the industry today. However, according to the report, as options for data recovery and data loss prevention have expanded, demand for these industry services has declined. Over the five years to 2012, industry revenue is estimated to fall at an annualized rate of 0.9% to total $1.5 billion, with a decline of 0.6% in 2012. This decline is attributable to hosted storage solutions and cloud computing (online data storage). We couldn’t agree more as today’s data management and protection environment demands a more integrated and layered approach to ensuring that your mission critical data is protected and accessible 24x7x365.
For more information on the decline in Data Recovery Services, please see IBISWorld’s report here: http://www.ibisworld.com/industry/data-recovery-services.html?
With more than a decade of data management and protection experience encompassing a full range of hosted services, Data Storage Corporation is a leader in disaster recovery and business continuity. Our expertise in serving companies of all sizes in industries from Finance, Healthcare to Professional Services as well as serving entities in State and local government can help ensure that your business can harness the power of the Cloud to ensure that your data is always protected from loss. Call 212-564-4922 ext 114 or email Marketing@datastoragecorp.com to see what Data Storage Corporation can do for you.