EMC To Finish 2001 As World's #1 Provider of External Storage for Fifth Consecutive Year, IDC Reports
Analysts Predict EMC Will Take Over #1 Position in Network-Attached Storage (NAS), Maintain or Extend Lead in Key Growth Segments
HOPKINTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2001-- For the fifth consecutive year, EMC Corporation is expected to finish as the world's #1 provider of external storage systems, and to maintain or extend its lead in the industry's major growth segments, according to a new 2001 report issued today by IDC. In its 2001 Disk Storage Systems Forecast and Analysis, IDC also forecasts EMC will take over the #1 market share position for the first time in the rapidly growing Networked Attached Storage (NAS) segment.
The IDC report (which does not include information storage software and services, EMC's two fastest-growing lines of business) predicts EMC will sustain or extend its #1 position against all other suppliers in nearly every major information storage hardware segment for 2001. Among the highlights:
In the total external RAID market (storage systems connected to any computer operating system or network), IDC projects EMC will lead with a 25.3% revenue market share, more than the combined shares of the next two competitors. According to IDC, the market for external RAID storage systems will be $14.9 billion in 2001.
In networked storage, including both SAN (storage area networks) and NAS (network-attached storage) implementations, IDC projects EMC's revenue market share will be 38.9%, exceeding the combined revenues of the next three vendors. Within the external storage market, IDC forecasts overall networked storage market revenues will grow from $7.5 billion in 2000 to $8.1 billion in 2001, while the direct-attached storage (DAS) market is expected to decline 32.2% this year. EMC is the only supplier with greater than 5% share in both the SAN and NAS segments.
In the NAS market, EMC will meet President and CEO Joe Tucci's August 2000 prediction and overtake the previous market leader -- by nearly 10 points -- in 2001, according to IDC. EMC will have 42.3% share in a market expected to grow from $1.62 billion in 2000 to $1.84 billion in 2001.
EMC will continue to hold a nearly 20-point market share lead in the SAN market with 37.9% revenue share, more than double the share of the next supplier. IDC predicts the SAN market will grow from $5.91 billion in 2000 to $6.25 billion in 2001.
``Even in a year when budget pressures forced most large corporations to reduce their storage expenditures, the transition from direct-attached to networked storage deployment continues at a rapid pace,'' said John McArthur, Vice President of Storage Research at IDC. ``With significant market share leads in both SAN and NAS, EMC executed well in these growing segments. IDC believes more than half of all disk storage systems will be purchased in either SAN or NAS configurations by 2003, and two-thirds of the market will be SAN or NAS by 2005.''
EMC also will continue to be #1 in both the UNIX and Windows NT external RAID storage markets in 2001, IDC reports. In UNIX external RAID, EMC will again be the #1 supplier with 29.5% revenue share, more than the nearest three competitors combined. In Windows NT external RAID, EMC will be #1 again with a 26.2% revenue market share.
David Donatelli, EMC's Senior Vice President of Corporate Marketing and New Business Development, said, ``Market leadership is a marathon, not a series of sprints. Only EMC, with our established CLARiiON and Symmetrix storage architectures and unparalleled software and services advantages, has the speed and stamina to win a long-term race that many others may never finish. With the world's largest commitment to storage-focused R&D, we continue to add to our lead in the market segments that represent the future of information management.''
About EMC
EMC Corporation (NYSE:EMC - news) is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at emc.com.
EMC, CLARiiON and Symmetrix are registered trademarks, and EDM, ControlCenter, Celerra and HighRoad are trademarks of EMC Corporation. Other trademarks are the property of their respective owners.
This release contains ``forward-looking statements'' as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not- limited to: (i) further adverse changes in general economic conditions; (ii) further delays or reductions in information technology spending; (iii) the company's ability to effectively manage operating costs and increase operating efficiencies; (iv) further declines in revenues; (v) insufficient, excess or obsolete inventory; (vi) competitive factors, including but not limited to pricing pressures, in the computer storage and server markets; (vii) component quality and availability; (viii) rapid technological and market change and the transition to new products; (ix) the relative and varying rates of product price and component cost declines; (x) the effects of war or acts of terrorism, including the effect on the economy generally, on particular industry segments, on transportation and communication systems and on the company's ability to manage logistics in such an environment, including receipt of components and distribution of products; (xi) the ability to attract and retain highly qualified employees; (xii) the uneven pattern of quarterly sales; (xiii) fluctuating currency exchange rates; (xiv) risks associated with strategic investments and acquisitions; (xv) the Company's ability to execute on its plans; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. |
