Overview

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

IBISWorld’s Data Storage Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

The Data Storage Services industry is in the growth stage of its life cycle. The rapid expansion of high-speed broadband networks has aided increased outsourcing of data storage services, creating 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 rapid technological change, influencing the ease with which downstream markets can access the industry's services. Major players have invested heavily in research and development aimed at improving the storage capacity of servers, allowing more data to be stored per rack. Ind..

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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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