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IDC: Disk Market Grows

FRAMINGHAM, Mass. -- Worldwide external disk storage systems factory revenues posted 16.7% year-over-year growth totaling $5.1 billion in the second quarter of 2008 (2Q08), according to the IDC Worldwide Disk Storage Systems Quarterly Tracker. For the quarter, the total disk storage systems market grew to $6.9 billion in revenues, up 10.9% from the prior year's second quarter. Total disk storage systems capacity shipped reach 1,777 petabytes, growing 43.7% year over year.

"Despite concerns about a 2008 slowdown in IT spending, external disk storage systems spending experienced strong growth in the first half of 2008," said Natalya Yezhkova, research manager, Storage Systems at IDC. "The second quarter of the year was remarkable, not only because it is the highest growth in two years, but also because of the distribution of this growth across different market segments. The ability of vendors to meet a variety of needs among customers with a diversity of storage products and initiatives led to solid growth across all installation environments, even in those that declined over the past several quarters."