Technology
Networks Driving Data Storage Growth
09/07/07 - 06:25 PM EDT
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SAN FRANCISCO -- The generally staid market for data storage is starting to quake as tech titans wrestle for a share of this fast-growing tech sector. Storage firms are seeing demand for their wares increase as more companies use storage networks rather than standalone units. These networks are replacing the typical arrangement of having an individual storage device back up a single server so data is accessible even if a server fails. Storage networks are also gaining popularity among companies using virtualization software to improve the efficiency of their servers. In the second quarter of this year, the networked storage subset of the data storage market grew 13% to about $3.1 billion, more than twice as fast as the total storage market, according to data from IDC. "We're seeing a strong shift to the networked concept of storage," says Vasu Kasibhotla, an analyst with asset manager Trilogy Global Advisor. "We expect that trend to gain moment in next few years." Trilogy is a long-term investor and owns shares of EMC EMC, IBM IBM and Dell DELL, three of top five vendors of storage appliances. Several big boys of the data storage market saw their market share erode slightly as new competitors turned on the heat in the second quarter.
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