Abstract
This IDC study presents a five-year forecast for the online backup services
market for 2007-2011. IDC estimates 2006 revenue for the worldwide online
backup services market to be $170 million, forecast to grow to $715 million by
2011.
According to Doug Chandler, research director for Storage Services research at
IDC, "The online backup services market is being driven by the tremendous
growth in data generation that is happening in both the consumer and business
spheres. Consumers and small businesses especially are interested in
alternative methods of protecting their data as traditional backup methods fall
short regarding efficiency, reliability, and ease of use. With the advent of
cheaper broadband access, users' greater comfort level with Web-based services,
and the need many businesses have for a second site for remote data protection
purposes, online backup has become an attractive approach for many customers."
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