The data archiving market is set for continued growth simply because organisations and individuals store more and more vital information on their computer systems. This data can be extremely important and the loss of such information could ruin a company’s reputation or impact its ability to do business simply because it is not able to recover critical data such as financial or sales information.
Furthermore, companies are often required to retain information in order to comply with international codes of conduct and in many cases local legislation. This means that many organisations must retain key data in order to comply with these rules for a pre-set number of years. These rules are unlikely to be relaxed. Indeed, if anything, they are likely to become more rigid. This, together with the fact that data retention periods are getting longer, it is likely to increase demand for backup and recovery facilities.