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 SWOT Analysis Chapter
The Data Storage Services industry is in the growth stage of its life cycle. Increased outsourcing of data storage services has been aided by the rapidly increasing penetration of high-speed broadband networks, which have created a range of new revenue streams. Strong demand has encouraged new enterprises to enter the industry while existing players have been expanding their operations. The industry is also characterised by a rapid rate of technological change, influencing the ease with which downstream markets can access the industry's services.
Over the 10 years through 2020-21, industry value added (IVA), which measures an industry's contribution to the economy, is expected to increase at an annualised 14.1%... purchase to read more