The global external disk storage systems market has seen revenue growth of 10.8 per cent in the third quarter, according to an IDC report, as businesses return to spending on IT upgrades.
The global external disk storage market has seen revenue growth of 10.8 per cent in the third quarter of this year, according to a report by the International Data Corporation (IDC).
The external disk storage systems industry made roughly $5.8 billion in revenue for the third quarter, making up the largest chunk of the $7.6 billion in revenue made in the overall disk storage sector.
Much of the strong growth was attributed to increasing demand for external storage amongst businesses, which IDC believes marks a return to a business as normal scenario for companies that were previously struggling to cope financially. However, it said that this high growth is likely to slow and return to the same levels seen before the global economic crisis.
EMC experienced third quarter growth of 22 per cent year on year, with revenue up from $1.351 billion to $1.649 billion. Its market share also grew from 25.9 percent to 28.6 percent.
IBM saw a slight decline in market share from 12.8 per cent in the third quarter of 2010 to 12.7 per cent this year, but revenue was up from $667 million to $735 million.
NetApp was in joint second place with a 16.5 per cent increase in revenue in the third quarter, up from $601 million to $700 million. Its market share grew from 11.5 percent to 12.1 percent.
HP was next with a 13.1 percent increase in year on year revenue for the third quarter, up from $575 million to $651 million. It also saw a marginal increase in market share from 11 percent to 11.3 percent.
Hitachi and Dell were almost neck and neck in terms of revenue and market share, which were $505 million and $459 million, and 8.8 percent and eight percent respectively. However, revenue growth was significantly different, as Hitachi saw an increase of 22.1 per cent, while Dell saw a 2.6 per cent drop instead. Market shares also differeed, with Hitachi gaining 0.8 percent, while Dell dropped a whole percentage point compared to this time last year.
Source: Press Release