Disk-based Data Protection Market to Generate More Than $50 Billion Over the Next Five Year Period

IDC: Disk-based data protection is a very large market, reaching $8 billion in user IT spending in 2006 and poised to generate more than $50 billion in software and hardware purchases through 2010, a new IDC study reveals. Fueled by increasing regulatory compliance, business continuity, and fast recovery, the disk-based data protection market will continue to expand at a rate two to three times faster than the overall storage market.

We have seldom seen so much unmet pent-up demand for a market that is already so large. Latent demand is also high in the SMB market. However, traditional storage solutions are totally inadequate to meet current and future demand, creating significant opportunities for innovative suppliers.

Users want a unified solution approach to data protection, security, and data management, supporting an orientation toward simplicity and integration. Storage solution suppliers must build a broad ecosystem of data protection functions through innovation, acquisition or partnership, and collaboration.

Data Protection - VTL, D-to-D, CDP, and the Impact on Tape, Publ 20060801