Report Studies
• The global Archival Data Storage Market was valued at US$ 7.96 billion in 2023 and is predicted to reach US$ 15.34 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period (2023-2030).
• Archival data storage is a form of storage designed for data which is not needed at present but needs to be stored so that it can be retrieved in the future, if necessary.
• Usually, backup systems often allow for archiving records. Corporates and government organizations of various countries have started to understand the value of a secure long-term archival storage policy for their sensitive data records.
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