Analytic Agency Radicati Group released the results of market research solutions for creating archives of electronic correspondence. The company expects rapid growth of this segment in the next four years.

The number of email users has 684 million worldwide, and the number of active mailboxes – 1.2 billion daily volume of mail traffic of 136 billion messages, of which 64% being spam. 61% of mailboxes are maintained by postal services and Internet providers. Only 3% are mailboxes in mobile phones. Use of email in general user level to corporate level increasing day by day .Most of the corporate business organization run their business on the email system. So email archiving tools are the important one for today’s business.

Radicati Group analysts predict significant growth market solutions for archiving e-mail. The average annual growth rate of 80% in the period from 2005 to 2009 .By the end of 2009 the market volume will reach 4.4 billion dollars.

The tendency of the growing role of electronic records was recorded as early as 2005, research organizations Worldwide Benchmark Database (Department of famous company Meta Group), which analyzed the IT budgets in 32 different technology areas. For example, the English department of Toshiba has increased in 2005, its IT budget by 6%, and the lion’s share of this increase went exactly to data storage technology. According to Sandra Smith, director of information services companies Toshiba, archiving technology and storage of all records will make the business more secure and stable. Thus, the results obtained by Radicati Group, in good agreement with the general trends seen by Meta Group.

“This attention to storage of corporate correspondence, as well as the rapid growth of this market segment due primarily to the requirements of the legislative initiatives such as Sarbanisa-Oxley Act (SOX), the Act Gramm-Leach-Bliley (GLBA) Act and the continuity of insurance and reporting health care (HIPAA). Today, companies are forced to spend money on the introduction of archival correspondence. These are the rules set by the Government of many countries “, – says Denis Zenkin, director of marketing for InfoWatch.

Indeed, the impact of government regulation in the accuracy of corporate documentation and storage reporting has increased significantly in 2005. In the U.S., for example, has increased the role Sarbanisa-Oxley Act.

The study showed «CSI / FBI Computer Crime and Security Survey», the overwhelming number of respondents, representing 8 of the 14 sectors, believe that the Sarbanes-Oxley Act has influenced the processes of IT security in their company. Experts CSI / FBI believes that in the coming years the influence Sarbanisa-Oxley Act will increase even more.

Thus, the main engine of the storage market of electronic records is the requirement of binding legislation. Moreover, there are a number of industry standards, recommended for use. They are not binding, but profitable companies meet their requirements .In Russia, for example, a role adopted in December 2004, the standard of the Central Bank “Information security organizations of the banking system of Russia. General Provisions. According to leading national experts on this standard is much stricter than similar U.S. initiatives, Sarbanisa-Oxley Act (SOX) Act and Gramm-Leach-Bliley (GLBA). In other words, companies in the financial sector, is also desirable to provide an authentic storage of corporate correspondence over a long period of time.

“Although the standard CBR is not binding, the benefits of its introduction receives, as the bank itself, and all of its clients (not to mention the inspection bodies). Certification of the bank to meet the standard will demonstrate to business partners, investors, customers and the state that the company has been established effective management of financial reporting and IT security. Consequently, the bank acquires a number of competitive advantages “, – commented Denis Zenkin.

“Such [desirable to perform] acts also influence the development of the storage market of electronic archives. Consequently, Russia’s market segment solutions for lifecycle management of corporate correspondence also expects rapid growth “, – he adds.

In conclusion, it should be noted that the advisory nature of the standard CBR can fairly easily be transformed into binding. Today it is simply not feasible because of the existing low level of maturity of the management and governance of banks’ security. However, the evolution of the financial sector in Russia, the situation may change.