Wednesday, 2 August 2006

Disk-based Data Protection Market to Soar Over USD 50 Billion

What is driving user adoption of disk -based data protection? Fueled by increasing regulatory compliance, business continuity, and fast recovery, the disk-based data protection market will continue to expand at a rate two to three times faster than the overall storage market. Disk-based data protection is a very large market, reaching USD 8 billion in user IT spending in 2006 and poised to generate more than USD 50 billion in software and hardware purchases through 2010, a new IDC study reveals.

"We have seldom seen so much unmet pent-up demand for a market that is already so large," said Robert Gray, research vice president, Worldwide Storage Systems at IDC. "Latent demand is also high in the SMB market. However, traditional storage solutions are totally inadequate to meet current and future demand, creating significant opportunities for innovative suppliers."

"Users want a unified solution approach to data protection, security, and data management, supporting an orientation toward simplicity and integration," added Laura DuBois, research director, Storage Software at IDC. "Storage solution suppliers must build a broad ecosystem of data protection functions through innovation, acquisition or partnership, and collaboration."