02/09/2008
Analysts claim that the data storage market is "thriving" regardless of the tough economy, according to a report on PC World.
They say that digital information growth has meant customers have had to add more capacity and upgrade their storage to support faster and more efficient IP transit.
Charles King from PUND-IT said: "Once a company moves into the digital world … information just piles up. You've got to have some place to put it."
According to the article, analyst firm IDC predicts that worldwide shipments of disk storage will double in capacity every two years until 2012 with spending on disk storage expected to reach up to $34 billion (£19 billion) by the same year.
IDC Analyst Richard Villars says in the article that many industries are affected by digital information growth, as hospitals store medical information digitally as do media companies which store music and films in digital formats.
For companies looking to address growing IP transit demands, a managed connectivity solution could be one means of doing so without needing to invest in their own network infrastructure.
In related news, data storage company Overland, based in San Diego, has cut 53 employees according to Sign on San Diego. This is apparently equivalent to 13 per cent of its total work force.