Disk Storage Revenue Sees Double-Digit Growth

Posted 06/04/2010 at 5:48pm | by Pulkit Chandna

0

Comments

Print

EMC further extended its lead in the external disk storage market during the first quarter, according to the International Data Corporation (IDC) Worldwide Quarterly Disk Storage Systems Tracker. It ended the quarter with 24.6% market share and a factory revenue of around $1.2 billion, both up considerably compared to the same period last year.

NetApp was another top gainer with a massive 47.4% year-over-year increase in revenues. It is now within touching distance of second-ranked IBM. In fact, the first quarter proved fruitful for the entire industry. The total disk storage market witnessed year-over-year growth  of 18.8%  in factory revenues, which rose to $6.7 billion .

"The worldwide disk storage systems market is off to a strong start in Q1 2010, based on year-over-year growth, although annual comparisons are less indicative of market performance given the 2009 economic crisis," said Natalya Yezhkova, research manager, Storage Systems at IDC. "As such, sequential comparisons can provide more information on a market recovery. Although the market declined in Q1 2010 compared to Q4 2009, the decline was lower than usual. This is a positive sign, suggesting increased storage budgets and continued demand for storage solutions."

Image Credit: IDC