The worldwide storage management market is expected to grow by 166 per cent to $6.6 billion by 2003, thanks to a surge of interest in storage area networking (San), according to Dataquest.
Carolyn DiCenzio, the market research company's storage management analyst, explained: "Distributed computing initiatives are creating storage environments that are diverse in terms of platform type, size and location. Storage hardware vendors are differentiating their products by either embedded or selling value added storage management software."
Dataquest divides the market into three segments. Storage infrastructure deals with basic functions such as file system and volume management, while enterprise storage includes products such as magnetic disk, tape and optical media.
Data management, the largest segment, comprises tools for backup and restore, archiving, and hierarchical storage management and generated sales of almost $1.6 billion in 1998. It is forecast to reach $3 billion by 2003, however.
Enterprise storage is also expected to show strong growth, with revenues jumping to $1.7 billion in 2003 from $382 million last year. The storage infrastructure sector, however, is expected to be worth $1.9 billion in four years' time, after hitting $626 million in 1998.
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