Global Records Storage Service Market Growth (Status and Outlook) 2024-2030

Global Records Storage Service Market Growth (Status and Outlook) 2024-2030

Records storage services providers offer offsite physical document and file storage options for businesses. Records storage services providers store records in a climate-controlled environment that protects documents from signs of aging and damage. In addition to the safe environment, providers also organize records in a controlled inventory that helps businesses locate and retrieve specific records with ease.

The global Records Storage Service market size is projected to grow from US$ 759.1 million in 2023 to US$ 2485.7 million in 2030; it is expected to grow at a CAGR of 18.5% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Records Storage Service Industry Forecast” looks at past sales and reviews total world Records Storage Service sales in 2023, providing a comprehensive analysis by region and market sector of projected Records Storage Service sales for 2024 through 2030. With Records Storage Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Records Storage Service industry.

This Insight Report provides a comprehensive analysis of the global Records Storage Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Records Storage Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Records Storage Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Records Storage Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Records Storage Service.

The future market trends of Records Storage Service are influenced by several factors, such as the increasing adoption of cloud-based services, artificial intelligence, machine learning, and analytics across enterprises; the growing demand for flexible and scalable infrastructure and services; the rising amount of unstructured data from various industries; the evolving data privacy and compliance regulations that require stringent security measures; the growing need for digital transformation leading to decreased physical record storage needs; the intense competition driving pricing pressures; the potential data breaches and cybersecurity threats; and the need to continuously invest in advanced technologies to remain relevant and meet shifting customer preferences while managing the environmental impact of physical storage infrastructure. Some of the key market trends are:

Cloud Storage: Cloud storage is a service that allows users to store data on remote servers that can be accessed over the internet. Cloud storage offers several benefits, such as cost-effectiveness, scalability, reliability, availability, security, and convenience. Cloud storage can be classified into public, private, hybrid, or multi-cloud models depending on the deployment and ownership of the servers. Cloud storage can also be categorized into cloud NAS, cloud SAN, cloud backup, cloud archiving, and software-defined storage depending on the service type.

Data Protection as a Service (DPaaS): DPaaS is a service that provides data backup, recovery, and security solutions over the cloud. DPaaS helps enterprises to protect their data from data loss, data theft, operational disasters, and regulatory non-compliance. DPaaS can be delivered as a standalone service or as a part of a broader cloud service portfolio. DPaaS can also be integrated with other cloud services, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), or Software as a Service (SaaS).

Enterprise Data Management (EDM): EDM is a process that involves collecting, integrating, organizing, storing, analyzing, and distributing data across an enterprise. EDM helps enterprises to improve data quality, consistency, accuracy, accessibility, and usability. EDM also helps enterprises to enhance their decision-making capabilities, operational efficiency, business performance, customer satisfaction, and competitive advantage. EDM can be implemented using various tools and techniques, such as data governance, data architecture, data modeling, data warehousing, data integration, data cleansing, data transformation, data analysis, data visualization, and data security.

This report presents a comprehensive overview, market shares, and growth opportunities of Records Storage Service market by product type, application, key players and key regions and countries.

Segmentation by type
Online Service
Offline Service

Segmentation by application
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ricoh USA
Blue-Pencil Information Security
Chicago Records Management
COR365
Cube Records Management
FileVault
Iron Mountain
MEYER Fulfillment
Pacific Records
Record Nations
Records Management Services
Ripcord
Vital Records Control

Please note: The report will take approximately 2 business days to prepare and deliver.