{"id":3937,"date":"2013-08-02T07:00:48","date_gmt":"2013-08-02T15:00:48","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=3937"},"modified":"2013-08-02T07:00:48","modified_gmt":"2013-08-02T15:00:48","slug":"storage-global-storage-sales-see-rapid-growth-but-tempered-by-technologies-like-virtualization-and-compression","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/storage-global-storage-sales-see-rapid-growth-but-tempered-by-technologies-like-virtualization-and-compression\/","title":{"rendered":"Storage: Global Storage Sales See Rapid Growth but Tempered by Technologies like Virtualization and Compression"},"content":{"rendered":"

The worldwide storage market increased by 3.2 percent in the first quarter of 2013, compared to 2012 fourth quarter results. \u00a0The global enterprise storage market is expected to grow at 4.1 percent annually through 2017 when it will reach $42.5 billion. \u00a0That’s the result of a study published by IDC<\/a>.<\/p>\n

While the storage sales predict moderate annual growth, there is expected to be huge growth in the actual storage capacity of media being sold. \u00a030 percent annual growth in storage capacity sales is expected over each of the next years until 2017 when 138 exabytes of storage capacity will be sold. \u00a0But this is still slower growth than in the pre-financial crisis years, where for example, in 2005 global storage capacity sales grew 65 percent, and growth in both 2006 and 2007 was at 59 percent.<\/p>\n

Part of the slower growth in capacity is due to smarter use of the storage capacity purchased. \u00a0Data deduplication, data compression, thin provisioning and storage virtualization are tools that businesses are increasingly using to better utilize the storage space which they have.<\/p>\n

Natalya Yezhkova<\/a>, Research Director of Storage Systems at IDC, said that\u00a0“adoption of storage efficiency technologies and cloud services will contribute to modestly slower growth in enterprise storage system capacity shipped More than 102 exabytes (EB) of external and over 36EB of internal storage system capacity will be shipped in 2017, still significantly higher than the 20EB external and 8EB internal storage shipped in 2012. To store the data in the most efficient way, users must not only implement various technologies that help eliminate redundant copies of the data or boost utilization rates of available storage assets, but also increasingly consider moving beyond their own datacenters and adding third-party storage services (public and private) to the pool of viable storage options.”<\/p>\n

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The worldwide storage market increased by 3.2 percent in the first quarter of 2013, compared to 2012 fourth quarter results. \u00a0The global enterprise storage market is expected to grow at 4.1 percent annually through 2017 when it will reach $42.5…<\/span><\/p>\n

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