Industry Analysis & Industry Trends
Data storage service providers enable users to upload, download, back up and access files and systems. The industry has performed well over the past five years, primarily due to growing internet traffic, the increasing prominence of cloud computing and the outsourcing of data storage by many businesses. Cloud computing has enabled companies to reduce their storage and computing costs, as capacity can easily be scaled up or down depending on demand. In contrast, firms that maintain their own servers in-house incur considerable capital expenditure and utilities costs. As a result, demand for outsourced data storage services has grown over the past five years. Over the five years through 2015-16, industry revenue is forecast to grow at an annualised 16.8% to reach $1.1 billion... purchase to read more
Industry Report - Industry Products Chapter
Data storage service providers serve a wide variety of functions, but all are underpinned by physically storing data, which is the industry's specialisation. Such mass storage allows businesses to reduce their internal IT infrastructure costs and improve their data security.
Demand for web-hosting infrastructure is driven by clients' desire to reduce internal IT infrastructure costs. The majority of businesses and organisations that operate a website do not own or operate the website infrastructure themselves, as this would require substantial investments in both capital and labour. Website hosting services are therefore commonly outsourced... purchase to read more