iSuppli: Cloud data storage market growth marred by privacy and security issues

Market research firm iSuppli expects revenues from shipments of cloud storage systems to triple by 2013 but growth could be much better if concerns over privacy, security and other issues were removed.

iSuppli reports: "Global cloud storage system revenue is set to rise to $5 billion in 2013, up from $1.6 billion in 2009."

Fang Zhang, storage analyst for iSuppli, said,"A few areas—such as government, finance and health care—may never move to cloud storage in the face of difficult issues related to privacy regulation, lack of adequate standards, potential power outages, and safeguards on physical security, access control, and speed."

The same concerns over data storage in the cloud are the same ones that must be harming the uptake of cloud computing in general. It would seem that solving the issues around privacy and security of data are the keys to much faster adoption of cloud computing in general.