Storage Software Market to Approach $11 Billion in 2004
- By Scott Bekker
A new report from industry analysts IDC
shows the storage software market growing in
tandem with storage capabilities, so much so that the worldwide storage
software revenue will grow from $5 billion in 1999 to $10.4 billion in 2004.
The trend in software storage is toward a comprehensive
suite of backup, restore, archive, and hierarchical storage management (HSM)
solutions that support heterogeneous platforms. According to IDC, this
segment’s revenue is expected to more than double, from $2.5 billion in 1999 to
$5.6 billion in 2004.
Storage resource management will be one of the leading
segments in terms of growth and importance. IDC expects this segment’s
1999-2004 compound annual growth rate to be almost 22 percent. The overall
market average is 16 percent.
“Due in part to the e-business phenomenon, enterprises are
continuously looking to storage management solutions to assist in the
management of increased storage capabilities,” said Steve Widen, research
director for IDC’s Storage Software program. “Because of the complexity of
underlying storage architectures such as SANs and the increased demand for 100
percent application uptime and data availability, the use of storage management
solutions will continue to increase rapidly.” – Isaac Slepner
Scott Bekker is editor in chief of Redmond Channel Partner magazine.