Online backup services to generate $715 mln by 2011

IDC estimates revenue for online backup services market to reach $715 mln by 2011, representing a 33.3% compound annual growth (CAGR) between 2006 and 2011. More than 50% of spending in this market will be in North America in earlier years, with other regions gaining share through 2011. YTY growth will slow beginning in 2010, as services practices begin to standardize, pricing competition has an impact, the supplier community consolidates, and in some cases online backup becomes a built-in feature in other online/Web-based services offerings.