IDC predicts storage market of $71 billion

IDC research predicts that the market for storage will reach a massive $71 billion dollars per year by 2004.

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By  Guy Mathew Published  June 2, 2002

IDC research predicts that the market for storage will reach a massive $71 billion dollars per year by 2004. The estimate comes on the back of the company’s European storage roadshow being held in Milan, Italy. IDC breaks down the numbers to estimate that $9 of that revenue will come from software and $24 billion from services.

The roadshow also covers the different technologies that are emerging to play a more prominent role such as iSCSI and infiniband. Senior Research Analyst Zarah Damji said: “For the moment we see iSCSI playing a role in SMBs that prefer to stick with known brands. This will push Fibre Channel into the higher end, where performance is more of an issue. On the other hand, infiniband will probably remain more of a server to server interconnect, or will be used in cluster environments and direct attached storage.”

IDC’s presentation also emphasised the impact decisions about storage can have on other business processes like marketing, sales, administration and management. Storage will also play a central role in the total cost of ownership in corporate technological infrastructures, IDC said.

“Storage has become more strategic in end-user organisations. As IT managers become more directly involved in storage issues, it is of vital importance that they know where the different pieces of the storage puzzle fit together and interact,” added Claus Egge, program director, European storage expertise centre.

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