Future looks bright for disk-based storage
Future looks bright for disk-based storage
Jul 07, 2005: IDC believes that the future of disk-based storage looks bright, with plenty of opportunity for companies to grow on many different fronts, due to strategies involving virtualisation and compliance.
David Reinsel, the director of storage research for IDC, said that the foundation is in place for continued growth within the storage industry for many years, because of numerous compliance regulations worldwide.
"The storage industry is responding well to the needs and desires of users, but there are still storage issues that need attention, such as data protection strategies, data migration tools, and technology transitions.
"These same areas also provide opportunities for established companies to differentiate themselves and for smaller ventures to meet specific market needs."
IDC found some other key trends in the storage industry, such as 50 percent of all storage terabytes shipped in 2009 will be based on capacity-oriented disk drives.
In addition, it found that worldwide shipments of external disk system terabytes are expected to increase at a 2004-2009 compound annual growth rate of nearly 60 percent, while shipments of internal terabytes will increase at a less aggressive 37 percent over the same period.
Overall, the IDC predicts that the worldwide disk storage system revenue will increase by US$22.6 billion in 2004 to US$26.3 billion in 2009.
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