DATA ERASURE AND DESTRUCTION SERVICE MARKET ANALYSIS

Data Erasure And Destruction Service MarketSize and Trends

Factors driving growth of the global data erasure and destruction service market:

Rapid development in information technology, such as use of cloud data, is expected to drive growth of the global data erasure and destruction service market during the forecast period. For instance, in April 2019, according to Coherent Market Insights analysis there was around 19% growth in the cloud storage market between 2017 and 2018.

Moreover, storage devices have sensitive data, and companies need to replace or repair these devices from time to time. Loss of portable media and laptops in process of repairing or replacing are the common source of data breach. Other than short life span of data storage, increasing incidence of network breaches is also fueling growth of the global data erasure and destruction service market.

However, lack of awareness regarding data security, and use of pirated software may hamper the growth of the global data erasure and destruction service market over the forecast period.