Industry news

 

    Data storage booming, says IDC

    Mon 09-Jun-2008

    Disk-based data storage grew in the first three months of this year, one analyst has said.

    IDC revealed the worldwide market experienced first-quarter sales of $2.9 billion no comma (£1.4 billion), an increase of 9.4 per cent from the same period last year.

    According to its Worldwide Quarterly Storage Software Tracker, the sector enjoyed its 18th consecutive quarterly year-over-year growth.

    Laura DuBois, research analyst for storage software at the firm, said the market's overall growth was 9.4 per cent year-over-year, with the primary drivers being the data protection and recovery and storage replication software markets.

    She added that double-digit growth was achieved by three of the top five data protection and recovery software markets.

    "First quarter of the calendar year can be slow for some vendors, but the market showed relatively strong growth from a year ago," she concluded.

    Meanwhile Bruce Boyers Marketing Services revealed last month that data losses can cost firms money as well as time when retrieving lost data.
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