IDC Forecasts Worldwide Disk Storage Systems Revenue Will Surpass $53 Billion in 2004
FRAMINGHAM, MA – FEBRUARY 5, 2001 – The disk storage industry will grow at double-digit levels. According to IDC, worldwide revenues in this market will increase at a compound annual growth rate of 12%, to $53.3 billion in 2004 from $28.4 billion in 1999.
"Several factors are contributing to the storage market's overall growth," said Charlotte Rancourt, director for IDC's Storage Systems program. "One factor is the migration to networked storage, in which demand for nonstop access to information anytime/anywhere will continue to drive storage strategies and revenue growth."
According to IDC, packaged applications such as customer relationship management, sales-force automation, and datamarts; Internet and intranet investments by traditional brick and mortar companies; datawarehousing applications growth; the installation of storage capacity by storage service providers; and storage-intensive consumer applications such as imaging provide fuel for the storage market. Additionally, as telephone and cable companies introduce infrastructure that can move large amounts of data efficiently and cost-effectively, new consumer markets will continue to drive demand for storage.
"The demand for graphic-intensive applications, the popularity of viewing digitized images at online auction sites, the migration from hard copy to soft copy, and demand for Internet-enabled distributed access to medical images and records on the Web demonstrate the continuing need for more storage capacity," Rancourt said.
IDC's new report, 2000 Disk Storage Systems Forecast and Analysis, 1999-2004 (IDC #B23768), defines the worldwide end-user consumption market for RAID storage systems, non-RAID disk systems (JBOD – just another bunch of disks), disk arrays, storage area networks, network attached storage, and related products. Forecasts are provided through 2004. This report covers supplier (factory) and end-user (market) revenue, terabytes, and average-cost-per-gigabyte for each operating system (OS) market segment. Additionally, external RAID, internal RAID, and non-RAID data are presented for each market segment. Regional breakouts and supplier rankings are also provided.
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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