Global spending on storage of data set to grow further

In today’s techno-savvy world, the volume of data in the computer-driven businesses is colossal, and it is growing in leaps and bounds. Internet, e-mails and heavy media-rich applications have contributed to this high volume of data worldwide.

Data growth is as high as 80 % on annual basis as per a conservative estimate by IDC. The data is rightly considered the real asset of a company. No business can afford to lose this vital data without which it will face major problems.

Data protection has taken a centre stage in all the business enterprises. With the increase of data to be restored and Government legislations making backup mandatory, the importance of backup has grown immensely. The processes cannot be ignored anymore.

In fact, most businesses, which rely on computer based technology for conducting business, now need to work effective backup strategies. According to Access Markets International, the global spending on storage of data will grow multi-fold in the next few years. This includes data storage hardware, software and services. It is predicted that there will be a compounded annual growth of 43 % in the coming four years.

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  • Liverpool Football Club
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  • Centrica
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  • City of London
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  • HCL
  • LK Bennett
  • Lambretta Clothing
  • Leicester City
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  • National Farmers Union
  • Network Rail
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