Data Storage Sector Growing Strong: IDC

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The good financial news continues for the solid-as-a-rock data storage

industry.

Global sales of disk-based storage arrays, which had grown only slightly during

2008 and 2009, posted another double-digit gain in the third quarter of 2010

following a 21 percent rise in the second quarter, industry researcher IDC

reported Dec. 3.

Worldwide external disk storage systems factory revenues posted year-over-year

growth of 19 percent, with the overall revenue coming just shy of $5.2 billion — about

74 percent of all digital storage sales — IDC

said in its Worldwide Quarterly Disk Storage Systems Tracker report.

Total disk storage systems market grew to nearly $7 billion in revenues, IDC

said — growth of 18.5 percent from the Q3 2009. Total disk storage systems

capacity shipped reached 4,299 petabytes, growing a whopping 65.2 percent year

over year.

For more, read the eWeek article: Storage Sector Continues Strong Growth: IDC.

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