Cloud software and backup services provider Redstor has unveiled an archiving service as the latest addition to its data management platform.
Redstor says its archiving service gives organisations dealing with multiple terabytes of data the ability to free up space on their costly primary storage by offloading rarely accessed data to the cloud.
The company says the archiving service furthers Redstor's vision of enabling organisations to manage all their data in one place, and from a single screen, giving customers insight, backup, disaster recovery and now archiving.
"Our new archiving service offers organisations all the performance benefits of an on-premises solution with all the best features of a cloud-based model such as no hardware or capital expenditure outlays and effortless scaling," says Paul Evans, Redstor CEO.
"This new service will allow existing Redstor customers to benefit from a highly user-friendly and affordable archiving service, while our partners will be better positioned to meet the archiving needs of their customers and prospects."
Danie Marais, director of product management for Redstor, says unstructured data is growing exponentially and managing this data has become challenging for organisations. He points out 40% to 80% of companies' data on their servers is typically redundant and trivial and is never accessed. However, IT administrators are too scared to delete - so they keep everything, he added. To address this challenge, Redstor developed a cloud archiving technology which will help organisations cope with today's ever-growing data, says Marais.
"The market is gaining momentum and there are clear advantages that we have gained since the acquisition of Attix5."
IDC expects the archiving market to reach $2.2 billion in spending by 2021, representing a compound annual growth rate of 6.8%. The archiving software market is expected to exceed growth of the overall storage software over the next five years, it says.
"Archiving solutions remain critical to enterprises in highly regulated and litigious industries, and the value of archiving will grow as enterprises across all industries seek to generate more value from their data while keeping it secure and compliant, says Andrew Smith, senior research analyst, storage software for IDC.
The research firm notes cloud and software as a service (SAAS) solutions will remain the most important growth drivers in the archiving market. Public cloud services-based archiving software revenue will surpass on-premise archiving revenue in 2018, says IDC. "We expect public cloud or SAAS archiving solutions to account for 60% of total market revenue by 2021."
Technavio says the ability of cloud archiving services to provide high security, long-term data retention in accordance with the data regulation policies of a region will lead to its impressive market growth rate of more than 37% by 2020.
The need to implement cost-effective data archiving processes that comply with regulatory guidelines will necessitate the adoption of archive as a process among enterprises, it says.
Similarly, Marais says cloud-based archiving services provide a data storage environment optimised for archiving data while remaining secure and compliant with data protection laws.
With the increasing data regulation companies are facing - for example South Africa's Protection of Personal Information Act and the EU's General Data Protection Regulation, there is pressure being put on IT staff to manage data, says Evans. He adds Redstor's archiving service can help organisations manage data safely and be compliant - since the data is stores locally on the company's South African data centres.
The new archiving service, which is set to go live on 1 March, is part of the company's strategy to grow its footprint among larger end-user organisations, says Marais.
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