Industry Analysis & Industry Trends
No recovery in sight
As more Americans started using computers in their homes, the need for Data Recovery Services increased. With more computers come the potential for more customers who have lost data from their system. However, in recent years, despite a growing number of computer users, revenue has declined. The industry's services are not needed as frequently because more people are using cloud computing, which means all of their data is stored and accessible from anywhere there is an internet connection. Cloud computing use is expected to increase over the five years to 2017, further encroaching on industry revenue.... purchase to read more
Industry Report - Industry Analysis Chapter
Technological developments created the Data Recovery Services industry, and continued changes in technology have led to its demise. The industry provides data recovery services to businesses and consumers, whereby computer files are salvaged from damaged, failed, corrupted or inaccessible storage media. However, as options for data recovery and data loss prevention or backup have expanded over the past five years, demand for industry services has declined. Indeed, over the five years to 2012, IBISWorld projects industry revenue to fall at an annualized rate of 0.9% to $1.5 billion. Although companies increasingly invest in information technology, the amount of globally stored data expands at a breakneck pace and consumers amass ever more data and storage media (e.g... purchase to read more