During the five years to 2014, the Data Recovery Services industry could not compete with the continued changes in technology, specifically cloud computing, resulting in a decrease in industry revenue. As new cloud technology continues to develop, more businesses and consumers are expected to demand more cloud-related services, thus helping prevent data loss. In the five years to 2019, the industry is expected to decline, as a result of continued movement by businesses and consumers away from data recovery services and toward other technologies, such as data backup and recovery software. In addition, larger businesses often have IT departments that handle data backup and recovery activities, which further diminish demand for industry services.
Companies in this industry provide data recovery services. Data recovery is the process of salvaging data from damaged, failed, corrupted or inaccessible storage media when it cannot be accessed normally.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.