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This statistic highlights Iron Mountain’s Revenue by Region from Q1 2013 onwards, split across the US, Australia, Canada and UK.
Iron Mountain provides services to organizations around the world to protect their information, reduce storage costs, comply with regulations, facilitate corporate disaster recovery, and better use their IT infrastructure for business advantages, regardless of its life cycle stage, location or format. The Company has broad geographic and customer diversification with operations in 63 countries.
|Revenue By Region||2018||2019||2020||Revenue contribution in 2020|
(All figures in millions, except percentages)
Iron Mountain’s total revenue declined from $4,262.58 million in 2019 to $4,147.27 million in 2020, marking a decline of $115.31 million, that is a 2.71% decline on a year-on-year basis. Revenue from all the regions has been declining from the year 2018 except the US.
Iron Mountain generates its revenue from the following regions:
The Company provides global digital solutions, secure shredding, and customer storage in 31 markets of North America. It has a Global Data Center Business in nine markets of the US. The revenue from the US showed an increase in the year 2019 but it reduced in the year 2020. Revenue from the US declined from $2,632.59 million in 2019 to $2,577.08 million in 2020, making a decrease of $55.51 million, that is a 2.11% decline on a year-on-year basis. At the same time, the US is the highest revenue-generating region. In 2020, the US contributed 62.14% to the company’s total revenue.
Iron Mountain’s revenue from Australia has been reducing since 2018. In the year 2020, it marked a new low of $133.82 million, making a decline of $9.69 million (a 6.76% decrease on a year-on-year basis). In this year, Australia contributed to 3.23% of the company’s total revenue.
Major services in Canada include Global digital solutions, secure shredding, and technical expertise. The revenue from Canada declined from $243.03 million in 2019 to $224.86 million in 2020, which is a decrease of $18.17 million that is a 7.48% decline on a year-on-year basis. In 2020, Canada contributed to 5.42% to the company’s total revenue.
Iron Mountain’s revenue from the UK declined from $274.93 million in 2019 to $247.67 million in 2020, which is a decline of $27.26 million or 9.92% on a year-on-year basis. In 2020, the UK contributed 5.97% to the company’s total revenue.
The Remaining Countries include four international markets where Iron Mountain runs its Global Data Center Business. The Company’s revenue from the remaining Countries declined from $968.52 million in 2019 to $963.84 million in 2020, indicating a decline of 0.48% or $4.68 million on a year-on-year basis. In 2020, the Remaining Countries contributed to 23.24% of the company’s total revenue.
About the Company:
Iron Mountain was founded in Livingston, NY by Herman Knaust in 1951. It became the world’s most trusted partner for storage and information management services with a revenue of $3.0 billion in the year 2015, and the broadest service platform serving most global markets.
The Company operates in 50+ countries on five continents and has a customer base of 230,000 customers. It is publicly traded on the New York Stock Exchange under the symbol “IRM”. The company is a member of the Fortune top 1000 companies. Organizations in every major industry rely on Iron Mountain as their information management partner (this includes all sizes—including more than 95% of the FORTUNE 1000).
They offer comprehensive records and information management service, and data management services, along with the expertise and experience to address complex storage and information management challenges such as legal and regulatory compliance, rising storage rental costs, and disaster recovery requirements.
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