Hi! Thanks for the very interesting question.
In the early days after the September 11 attacks there was a
realization of the real need for quality data recovery and storage
systems.
Disaster Recovery Gains Traction
http://www.carrierhotels.com/news/October2001/specialreport/recovery.shtml
So in this light, unlike others in the IT industry, the data recovery
and storage sector has been experiencing growth. The continuous virus
threats and an effect of the September 11 attacks which stresses the
dire need for data recovery software and hardware plus backup
facilities for critical data have fueled this growth. I have provided
some quotes from the next articles so as to save you time but it is
always helpful to read them in their entirety.
According to Ray Paquet, vice president and research director at
Gartner Inc:
"'I'd say in disaster recovery and business recovery, there is a lot
more spending than there is talk,' Paquet said. ‘And not just in data
recovery and backup, but in remote replication and [data centers].
Unusual circumstances, good and bad, abound. Wall Street was down for
four days. It's safe to say that concerns have been heightened and
despite difficult budgetary and economic times, data recovery and
security have remained strong. These are the management products that
are always purchased before desktop tools or anything else. Everybody
has them.’"
A Refresher on Data Backup Software by Clint Boulton
of internetnews.com [March 12, 2002]
http://www.isp-planet.com/technology/2002/backup.html
In this article, security services firm Kroll enters into what is
described as a high growth IT sector of data recovery.
“In an attempt to take advantage of the growth in security and data
recovery in the wake of the Sept. 11 terrorist attacks, New York-based
Kroll Inc. has announced plans to buy Eden Prairie, Minn.-based
Ontrack Data International Inc. for $140 million in stock.”
“The bulk of Ontrack's business is in data recovery, but the company
also makes security software that competes with products from
Sunnyvale, Calif.-based McAfee.com Corp. and Cupertino, Calif.-based
Symantec Corp…”
Security services firm Kroll buys its way into data recovery market
By BRIAN SULLIVAN
APRIL 03, 2002
http://www.idg.net/english/crd_ontrack_840395.html
Since your services are clearly tied – up to the back-up data storage
sector and probably another avenue for profits for you in the very
near future, you might be happy to note that storage solutions
forecast are very rosy right now.
“Annual worldwide spending on data storage hardware, software and
services by Small- and Medium-sized Businesses (SMBs) will undergo
phenomenal growth over the next 4 years, more than quadrupling to
$18.5 by 2006, according to a new report from Access Markets
International (AMI) Partners, Inc., an industry leading authority on
SMB Information Technology (IT) research and consulting.
According to the report, worldwide SMB storage spending will grow at a
compounded rate of 43% over the next 4 years, far outpacing the 5%
annual growth rate in large enterprise storage spending, and
positioning the under one thousand employee segment to be the key
contributor to industry growth over this time period. At this
substantial pace, total worldwide SMB spending will increase from just
8% of the $54 billion storage market today, to 24% of the projected
$79 billion market in 2006.”
Small & Medium Business Data Storage Market Entering Accelerated
Growth Phase by Enterprise Storage Forum Staff (August 14, 2002)
http://www.enterprisestorageforum.com/industrynews/article/0,,1291_1446531,00.html
“With the demand for data storage showing no signs of abating, IT
organizations are turning to new approaches for managing storage
volumes, according to a new META Group's study 'Enterprise Storage:
Technology Adoption and Deployment Trends.”
“Key findings of the report include;
• Backup and recovery, including disaster recovery capabilities,
remains the number-one spending priority.
• ROI represents the main challenge for storage consolidation
initiatives.
• Significant drop-off exists for the adoption of individual
tape and dedicated storage for servers; there is also a strong
propensity toward the use of SANs. The percentage of respondents
looking at NAS implementations is expected to remain flat through
2004.
• Enforced storage policies and centralized storage
administration are needed.”
New Study Forecasts Enterprise Storage to Grow at 90% Through 2004 By
Enterprise Storage Forum Staff (August 1, 2002)
http://www.enterprisestorageforum.com/industrynews/article/0,,1291_1437951,00.html
So are you in the right industry and at the right time? If the
articles mentioned above are of any indication, the future is bright.
Search terms used:
Data recovery market industry news
I hope these links would help you in your research. Please ask for a
clarification if you have a question or if you would need further
information.
Thanks for visiting us at Google Answers.
Regards,
Easterangel-ga |
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