Industry Analysis & Industry Trends
Data storage service providers enable users to upload, download, back up and access their files and systems on servers managed by third parties. 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 reduced companies’ storage and computing costs, as capacity has been easily 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 expected to grow at an annualised 17.2%... purchase to read more
Industry Report - Industry Products Chapter
The industry provides a range of data storage services, including various physical and cloud storage options. Due to the diversity of downstream clients, such as government bodies, small- to medium-size businesses and corporations, the industry's services are largely classified based on the volume and sensitivity of data that needs to be stored.
In co-location storage, the industry operator provides physical space for a client's own server. Co-location facilities provide their clients with the necessary power, cooling and physical security required for the servers, and connect them to various telecommunications and internet service providers... purchase to read more