Information & Records Management Services

Information & Records Management Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry store an organization's physical documents and provide related services. Major companies include Exela Technologies, and Iron Mountain (all based in the US); Restore Digital and Williams Lea (both based in the UK); and Wanbishi Archives (Japan).

COMPETITIVE LANDSCAPE

Demand is driven by the needs of business customers to store and manage increasing amounts of data, including satisfying requirements for?regulatory compliance. The profitability of individual companies depends on efficient operations. Large companies have advantages in obtaining space in multiple locations and in offering customers a broader product line of integrated services. Small companies can compete effectively by specializing in niche markets, such as health care information management. The US specialized warehousing and storage industry is?highly concentrated: the top 50 companies account for nearly 80% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Information and records management services is included in warehousing and storage services which accounts for about 85% of industry revenue. Services include gathering, storing, and organizing confidential and time-sensitive information, including physical and electronic records related to an organization's business matters or transactions. Other major related services include handling of goods (about 10%) and packing services (less than 5%), as well as freight transportation (less than 5%). Virtually all large companies use offsite storage for records that are either vital to current operations or that are inactive, but must be kept for legal reasons. Information management services include classification and indexing, as well as data protection,...