User Spending on Enterprise Storage Systems Reached $31
Billion in 2010
18% growth over 2009!
The worldwide enterprise storage systems market
showed its strength and resiliency by realizing 18% growth in customer
revenue between 2009 and 2010, after rebounding from the global economic
According to new research from International Data
Corporation, end-user spending on enterprise storage systems reached
$30.8 billion in 2010, and the 18% growth over 2009 was the highest
since IDC started tracking the market in 1993.
As the two-year roller coaster
ride comes to an end, growth rates will travel a much less volatile
track in the coming years. The enterprise storage systems market
will grow at a comfortable 3.9% CAGR between 2010 and 2015, and revenues
will reach $37.3 billion in 2015. Growth in new terabyte
shipments will slow down in comparison to historical rates, hampered by
the adoption of various storage efficiency technologies, large installed
base of TBs, and growing, albeit slow and deliberate, use of cloud-based
iSCSI SAN and NAS represent the two fastest
growing material installation segments of the worldwide
enterprise storage systems market from both the revenue and terabyte
perspectives. Spending on
iSCSI SAN and
NAS will continue to experience
strong growth through the forecast period, driven by a major shift of
storage deployments toward IP-connected systems.
Additional findings from
The IDC study provides a forecast of the worldwide
enterprise storage systems market for 2011-2015 as well as discussion of
forecast assumptions and major market trends. IDC expects that after
sharp declines in 2009 and a fast recovery in 2010, the worldwide
end-user spending on enterprise storage systems will return to a stable
single-digit growth per annum. However, this stable growth typical of
mature markets does not reflect the dynamism of the market itself.
- Rich digital content, digitization of industry
specific content, and disk-based data protection and archives will
create an additional boost for the NAS segment.
- There will be a noticeable shift in end-user
spending to the entry level and midrange price bands driven by
increasing adoption of modular system architectures.
- Emerging market segments and technologies will
have a profound impact on the storage systems market landscape in
the next five years. Among them are emerging customer segments such
as content depots and cloud storage providers, emerging data use
cases such as business analytics and medical imaging, and emerging
solution bundles such as application appliances.