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Worldwide storage market continues to grow

The worldwide storage market has continued to experience strong growth in the last few months, a new report has revealed.

According to the International Data Corporation (IDC), the sector expanded by 6.3 per cent during the second quarter of 2014, when compared with the same period of the previous year.

Sales of data protection and recovery software were particularly strong during this period, with the figure rising by 10.2 per cent to $1.45 billion (£899 million).

Figures also showed a healthy upturn in sales of storage infrastructure software, as they rose by 10.8 per cent to $448 million.

Meanwhile, a 4.1 per cent surge in storage and device management software sales was recorded, with the number going up to $708 million.

Eric Sheppard, research director of storage software at IDC, said the findings show the storage software market experienced “broad growth across most functional markets” during the year to June 2014.

“Sales of data protection and recovery software accounted for almost 60 per cent of the net-new spending during the quarter, driven by a market-wide move to improve application resiliency, continued uptake in appliance-based offerings and healthy attach rates within the integrated systems market,” he commented.

The report was also significant because it was the first to contain data on the software-defined storage platforms (SDS-P) market.

This segment accounted for only 3.5 per cent of the total value of the worldwide storage sector. However, it experienced growth of more than 15.7 per cent between April and June, which suggests SDS-P could become a bigger player in the market in the future.

Cloud-based IT infrastructure appears to be a particular focus of spending at the moment, as IDC recently predicted that businesses across Europe, the Middle East and Africa will step up investment in this technology by 19 per cent during 2014.

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From:: https://www.ontrack.com/uk/company/press-room/data-recovery-news/worldwide-storage-market-continues-to-grow736.aspx

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