Wednesday, July 06, 2005

Big Growth Seen for Storage

By Priya Ganapati
The market for external disk systems is expected to grow at a 60 percent rate, IDC reports
July 6, 2005

New regulatory requirements and the demand from smaller companies will lift shipments of external storage disk systems at a 60 percent rate through 2009, IDC reported Wednesday.

Shipments of internal terabyte systems are, however, expected to increase at a less aggressive 37 percent compound annual growth rate over the same period, said IDC. While the growth in terabytes is brisk, revenues are expected to grow at a slower pace. Worldwide disk storage system sales will increase to $26.3 billion in 2009 from $22.6 billion in 2004.

More at Red Herring online

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