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Home Businesses Spend on Storage

NEW YORK -- Home-based businesses (HBBs) in the United States are on track to invest a sizeable US$1.3 billion on IT security and storage-related solutions this year. HBB owners are focusing on areas such as data security, data backup and disaster recovery, according to the latest study by New York-based Access Markets International (AMI) Partners, Inc.

The bulk of the spending last year was on security software, storage hardware and security services. These comprised nearly 87% of all security and storage spending. By 2009, spending in just these three areas will exceed US$1.1 billion among US HBBs.

Many factors are fueling this increased spending,” says Jacqueline Atkinson, New York-based analyst at AMI. “One of the biggest is the expanded use of the Internet to extend business reach and administer online applications. HBB owners have to be better equipped to safeguard sensitive customer and personal information and adequately store and manage documentation.”

Access Markets International (AMI) Partners Inc.