IDC Expects the Worldwide Removable Storage Market Will Continue to Grow at High Rates
FRAMINGHAM, MA — OCTOBER 24, 2000 — The increased adoption of higher-priced CD-RW and DVD-ROM drives has stimulated revenue growth in the worldwide removable storage market. According to IDC, the value of shipments will increase at a compound annual growth rate (CAGR) of 10%, from $10.5 billion in 2000 to $15.4 billion in 2004. Shipments continued their aggressive surge. In 1999, they soared 28% to 157 million, and by 2004 IDC expects them to surpass 289 million.
"The resurgence in revenue growth from the previous year is mainly due to the increased importance of CD-RW technology," said Wolfgang Schlichting, research manager for IDC's Removable Storage program. "CD-RW has gained much momentum as a viable upgrade to CD-ROM and will continue its after-market success."
According to IDC, CD/DVD-ROM represents 77% of the market's unit volume and 57% of its value.
DVD-ROM will continue to slowly replace CD-ROM in many PC systems. "DVD-ROM had exceptional growth in 1999," Schlichting said. "This growth will continue as the need for more capacity increases. DVD technology will only gradually transition from read-only to DVD-recordable technologies."
IDC believes that on the strength of CD-RW's success, the CD/DVD-Rec segment will be the fastest-growing drive type of the overall removable storage market, with a unit CAGR of 45% through 2004.
IDC recently published Optical/Removable Storage Market Forecast and Analysis, 2000-2004 (IDC #B22937), which analyzes the worldwide markets for CD-ROM, DVD-ROM, CD-R, CD-RW, power drive (PD), DVD-Rec, 3.5in. magneto-optical (MO), 5.25in. optical, 12/14in. WORM, and low- and high-end magnetic removable disk drives. Forecasts are provided for market value, unit shipments, average selling value, and installed base. Regional shipments, system platform splits, and market share are also given. To purchase this report, contact Patrick Steeves at 1-800-343-4952, extension 6787, or at firstname.lastname@example.org.
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
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