News

Storage Software Market to Approach $11 Billion in 2004

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

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • RAMBleed Side-Channel Attack Method Disclosed by Researchers

    Academic researchers this week published information about another side-channel attack method, called "RAMBleed," that can expose information from memory chips, including encryption key information.

  • Penguin

    Windows 10 Preview Build 18917 Shows Off New Linux Integration

    Microsoft's latest Windows 10 "fast-ring" preview release is showcasing a coming Delivery Optimization enhancement, along with the ability to try the newly emerged Windows Subsystem for Linux version 2.

  • Customizing Microsoft Office 365

    While the overall look and feel of Office 365 is pretty standard across organizations, there are several ways to personalize it and make it fit better with your company's specific needs.

  • Microsoft 365 Business Tenants Getting Conditional Access and Trouble-Ticket Features

    Microsoft added its conditional access security service to Microsoft 365 Business subscriptions, according to a Wednesday announcement, and it also added new trouble-ticket features for Microsoft 365 administrators.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.