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Disk Storage Market Sees Growth

FRAMINGHAM, Mass. -- Worldwide external disk storage systems factory revenues posted 9.8% year-over-year growth in the fourth quarter of 2007 (4Q07) and totaling $5.3 billion, according to the IDC Worldwide Disk Storage Systems Quarterly Tracker. For the quarter, the total disk storage systems market grew to $7.5 billion, up 7.6% from the prior year's fourth quarter. Total disk storage systems capacity shipped reach 1,645 petabytes, growing 56.3%.

"The disk storage systems market exited 2007 strong, indicating that data storage remains a crucial component to the successful execution of enterprise business," said Brad Nisbet, research manager, IDC. "Despite the current, global economic uncertainties, the disk storage systems market is benefiting from a wide variety of drivers, ranging from the simple need to store ever-increasing volumes of business data to the more sophisticated objectives around consolidation, virtualization, and ease of management."