NAS Storage a $2.5B Market by 2002
Gotta like $2.5B...
Steve
Demand for data storage growing
Worldwide market seen hitting $12.5 billion by 2003
By Stephanie O'Brien, CBS MarketWatch
Last Update: 11:58 AM ET Jun 22, 1999
Market Snapshot
Bond Report
NEW YORK (CBS.MW) -- Data storage is likely to dominate hardware
budgets in the next several years, a Seagate Technology executive said
Tuesday.
The market for computer storage hardware is
expected to be in the multi-billions in the next
several years, Dave Aune, Seagate Technology's
(SEG: news, msgs) executive director of storage
systems technology, told an audience at PC Expo
in New York on Tuesday.
Aune said he sees as much as 75 percent of the
average hardware budget being set aside for data
storage in the next several years. Right now, for
each dollar a company spends on data storage
hardware, it spends seven dollars to manage it. The
goal is to bring that cost way down, Aune told
CBS MarketWatch.
[TEXT DELETED]
In an interview, Aune said worldwide sales of network attached storage
hardware is seen hitting as much as $2.5 billion in 2002. Worldwide sales
of storage area network hardware is expected to grow to $10 billion in
2003, he said.
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