Business Continuity/Disaster Data Recovery Market to Reach $39 Billion by 2015

Today we’d like to point you in the direction of tech intelligence firm ABIresearch. Currently the BC/DR market is sustaining $25 billion in economic activity, and is set to experience a CAGR of 10% as we move forward into 2015. Points to keep in mind: federal mandates require financial services and health-care industries to have business continuity and disaster recovery programs; vendors need to minimize complexity, provide broadest possible response. Have a look:

ABIresearch – Business Continuity/Disaster Data Recovery Market

… To compensate for the unexpected and account for the unpreventable, prudent organizations utilize business continuity products and services plans to keep their enterprises up and running in emergencies, and implement disaster recovery plans and programs against the possibility that a computer, server, office or entire building becomes unusable as a result of a catastrophe.

ABI Research forecasts that the global market for business continuity and disaster data recovery solutions will grow from $24.3 billion in 2009 to exceed $39 billion in 2015.

“As a result of their growing reliance on electronic data and the need for backup, storage and security, industries such as financial services and healthcare now operate under federal mandates requiring them to have disaster recovery and business continuity programs in place,” says ABI Research director Larry Fisher, “In many other industries, such programs are not legally required, but savvy companies always prepare for the worst.”

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Intel: The World is Running Out of Storage

There’s no denying the reality that companies across the globe are experiencing exponential storage growth — 60% a year according to Intel. Looking at our own internals we believe the Online Backup market could be as high as 200%, depending on your vertical strategy. We are fully committed to our partner program here at XZ Backup, and believe this surge in growth is not a fleeting phenomenon, but actually a shift in storage computing, in large part due to mobile expansion and corporate accountability. Apparently Intel agrees.

World is running out of storage, warns Intel

Intel has warned that the world is generating more data than it has the storage capacity to hold.

Speaking at the company’s European Research conference here in Brussels, Intel fellow Jim Held claimed that data storage was growing at a rate of 60% per year.

“Vast amounts of data are being created at an increasing rate, already more than we can handle,” Held warned. “In 2007, we estimated that we didn’t have the storage to keep all of it.”

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The Economist: Big Data On Its Way

We mentioned “Big Data” in a blog post a few days ago, so we would like to point you in the direction of an Economist piece entitled Data, data everywhere. It’s a great run through of the trend, and you walk away with a few solid numbers. What’s the takeaway? Data is a new economic input, on par with labor and capital. New forms of businesses will rise up in the next decade, and their models will rely on information generated by not just desktop computers, but cloud computing platforms, mobile phones, gps sensors, and enumerable other devices that will come to market. We appear to be in the beginning stages, so stay on the lookout.

Special report

A special report on managing information

Data, data everywhere

Information has gone from scarce to superabundant. That brings huge new benefits, says Kenneth Cukier (interviewed here)—but also big headaches

WHEN the Sloan Digital Sky Survey started work in 2000, its telescope in New Mexico collected more data in its first few weeks than had been amassed in the entire history of astronomy. Now, a decade later, its archive contains a whopping 140 terabytes of information. A successor, the Large Synoptic Survey Telescope, due to come on stream in Chile in 2016, will acquire that quantity of data every five days.

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