Overview

Ahead in the cloud: Outsourcing data storage and cloud computing boost industry revenue

IBISWorld’s Data Storage Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

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 many businesses outsourcing data storage. 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 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 2016-17, industry revenue is expected to grow at an annualised 16.5% to reach $2.1 billion...

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Industry Report - Industry Analysis Chapter

The Data Storage Services industry has benefited from robust growth in internet connectivity and technological developments over the past five years. Increased internet traffic and the corresponding rise in demand for digital storage are the main industry revenue drivers. Increasing internet use by retail clients, the rapid uptake of audio and video content streaming services and the push towards cloud computing have all supported demand for data storage services over the past five years. The increased outsourcing of IT responsibilities by businesses over the past five years has also driven growth. The..

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Industry Products

What is the Data Storage Services Industry?

Industry companies mainly provide electronic information storage and retrieval services. The industry provides electronic information storage, such as cloud services, which enable third parties to upload, download, back up and access files and systems over the internet. The industry excludes web hosting services, which primarily provide access to information stored on the internet as a means to disseminate information.

Industry Products
Co-location storage
Cloud storage
Managed storage
Industry Activities
Computer data physical storage and retrieval services
Electronic information physical storage and retrieval services
Data centre operation and management

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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