According to a new report released, online data backup revenue will be increased more than 500% in the next 4-5 years. Revenue related to consumer use of online backup/storage sites will grow from almost $75 million in 2009 to more than $372 million in 2015, at a CAGR of 27.89%.
“Many companies will provide free access to their web-based applications to consumers in the hope that they’ll be sufficiently impressed to bring their enthusiasm for these applications to the businesses for which they work. Commercial pricing is then based on the number of users and the amount of storage used.”
According to ABI Research practice director Larry Fisher, “The consumer value proposition for many Cloud Computing applications is simple; they’re free. Most of the 1000+ US consumers responding to a 2010 ABI Research survey said they were hesitant to pay anything for use of a cloud-based service site.”
Right behind the price/cost issue, the major reason most would consider using a cloud-based application was ubiquity: the concept that they could access their valued content from any Internet-connected computer. Online data backup business like Mozy.com and Carbonite are thriving on these business models.
iScripts Backuper allows MSPs , ISPs and other businesses to create online data backup business within few hours. They can offer fully branded online backup solution which can backup to their own servers and infrastructures. This model is a comfort for end users who are concerned about the security and privacy of their data.
ABI Research’s analysis found that just 11.6% of the US consumer markets for online backup/storage services were paid for in 2009. Most cloud-based backup and storage sites provide consumer services either entirely free or free at the entry level, but several do provide a more robust offering on a paid basis.
The ABI Research forecast model indicates that the paid portion of the sector will grow along with the increasing use of net books to replace (or supplement) consumer laptops and other mobile Internet devices. Other factors supporting growth in the sector include growing public awareness of cloud computing applications, as well as disasters that result in utility service disruptions.
Fisher continues, “Many companies will provide free access to their web-based applications to consumers in the hope that they’ll be sufficiently impressed to bring their enthusiasm for these applications to the businesses for which they work. Commercial pricing is then based on the number of users and the amount of storage used.”
A new study from ABI Research, (www.abiresearch.com/research/1004998).
“Consumer Cloud Computing Web-based Applications for E-Mail, Document Storage/Sharing, PC Protection, and Backup has found that more than 143 million consumers took advantage of the free or low-cost applications that reside in the Internet cloud in 2009, a number that is forecast to grow to nearly 160.6 million by the end of 2015.
Cloud computing provides off-site storage and software applications similar to those used by consumers. In this way, the consumer doesn’t have to buy the software; they can access it for free. ‘Such services provide access to new or upgraded versions of these applications as they become available at no additional fee, and ultimately provide the consumer with peace of mind that a hard drive failure or other catastrophic event will not result in irretrievable loss of prized data.’
Storing your data in an off-site storage application will ensure that your business information is kept safe. You no longer have to worry about power failures or any other mishaps that could potentially destroy your crucial information. Save and store everything and anything that has to do with your consumers as well as your online business. This will certainly help you in the long run. Now, your business is ready for the internet world.