Online Storage, Backup Market to Exceed $4.4 Billion

According to this Messaging Architects report, a recent report from Parks Associates found revenues for digital storage and backup is likely to surpass $4.4 billion in 2014, as more companies and households incorporate the technology. Also noted in the story is that backup methods for storage optimization will become more sophisticated as data files become larger and more time and money are spent on digital solutions.

---

"Pietro Macchiarella, an analyst for Parks Associates, stated 'this is a classic example where growth in one area is spurring another industry. As people accumulate more digital content, the prospect of losing that data becomes more ominous.'

"The company’s study found almost half of all households currently have a digital storage solution in place in 2010, a significant increase from the 35 percent in 2006."

Read the Full Story at Messaging Architects