Data Recovery Services in the US - Industry Market Research Report

No Recovery: Cloud Computing is Expected to Continue Encroaching on Industry Revenue

Data Recovery Services

The Data Recovery Services industry in the United States salvages computer files from damaged, failed, corrupted or inaccessible storage media. Although the increasing number of households with at least one computer and the rising popularity of electronic devices were expected to provide ample demand for industry services, options for data recovery and data loss prevention have expanded and demand for industry services has declined. Cloud computing, or online data storage, represents the latest threat to the industry. On a consumer level, cloud computing services, such as Google's Drive, Apple's iCloud, Microsoft's OneDrive and Dropbox, are offered free of charge. These services enable users to store any type of file on the cloud and access them on any computer or mobile device. The industry's contraction is forecast to continue over the next five years.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.