Data Storage Sector Growing Strong: IDC

By CIOinsight  |  Posted 12-03-2010

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.