As broadband access becomes less expensive and more IT managers want off-site backup, the demand for online backup services will grow by more than 33 per cent per year, according to a market research firm.

IDC of Framingham, Mass. recently released a study, titled Online Backup Servies Forecast 2007-2011: A New Market Emerges, which predicts the market will reach US$715 million by 2011.

Although the market will be dominated by consumers and small businesses, IDC predicts medium and large-sized businesses will also purchase online backup services.

In a separate study, titled Worldwide Storage 2008 Top Ten Predictions: New Paradigms, IDC predicted the market for storage will grow at nearly 60 per cent per year, and solid state disks will become more attractive to users as prices drop.



Related Download
Create a Unique Selling Proposition for Your Global Market Sponsor: EDC
Create a Unique Selling Proposition for Your Global Market

Register Now