IDC Expects Worldwide Removable Storage Media Shipments Will Approach 5.8 Billion in 2004
FRAMINGHAM, MASS – DECEMBER 12, 2000 – The increasing popularity of CD-recordable and the growth of higher-priced low-end magnetic media have sustained momentum in the worldwide optical/removable storage media market. According to IDC, the street-equivalent value of shipments will increase from $2.8 billion in 2000 to $4.2 billion in 2004. Shipments continued their aggressive surge, soaring 173% in 1999, and by 2004, IDC expects they will approach 5.8 billion.
CD-R media is fueling the removable media market, said Peter Brown, an analyst for IDC's Storage program. CD-recordable will become the primary floppy replacement technology on the desktop.
According to IDC, CD-recordable media will account for 97% of the market's unit volume and 51% of its value in 2000.
Despite DVD-recordable’s significant growth, technologies will be vying for widespread acceptance, Brown said. The lack of standard technology and small installed base of DVD-ROM drives capable of reading recorded DVD data will limit widespread adoption through 2004.
IDC recently published Optical/Removable Storage Media Market Forecast and Analysis, 2000–2004, which analyzes the worldwide markets for CD-recordable (CD-R/RW), DVD-recordable, 3.5in. magneto-optical (MO), large form factor optical (5.25in. and 12/14in. optical), low-end magnetic removable disk (primarily Zip), and high-end magnetic removable disk (primarily Jaz) media. Forecasts are provided for market value, unit shipments, and average street value. Regional shipments and market share are also presented.
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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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