IDC Press Release
FRAMINGHAM, Mass. – Worldwide external disk storage systems factory revenues posted year-over-year growth of 10.8%, totaling just under $5.8 billion, in the third quarter of 2011 (3Q11), according to the International Data Corporation (IDC) Worldwide Quarterly Disk Storage Systems Tracker. For the quarter, the total disk storage systems market grew to $7.6 billion in revenues, representing 8.5% growth from the prior year’s third quarter. Total disk storage systems capacity shipped reach 5,429 petabytes, growing 30.7% year over year.
“The third quarter of 2011 was a strong quarter for Enterprise Storage, posting solid growth in factory revenue and signaling a return to ‘business as normal’,” said Liz Conner, senior research analyst, Storage Systems. “The trend of increased spending during the economic recovery period, specifically on high-end systems, has started to draw to a close. As IDC predicted, year-over-year growth has started to slow and is now approaching pre-economic crisis levels.”
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Tags: 2011, business, External Disk, Framingham, growth, IDC, IDG, marketing, News, predictions, press release, Q3, research, Storage Systems, tech, technology, Worldwide