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Storage Forecasts Issued

DUBLIN -- Research and Markets ( has announced the addition of the "Storage Software, Hardware & Management Services Market 2007-2010 - Bundled Report" report to their offering.

The demand for storage software is driven by the need for secure and easy access to data and the importance of data retention for future use. Further, the increase in demand for data protection and Information Lifecycle Management (ILM) is also contributing to demand for storage software. In addition, regulations and compliance such as Sarbanes-Oxley Act further drives the sales of storage software and data management suites.

Further, data hardware requirements are doubling every 18 months and the increase of appetite for faster, bigger storage arrays are increasingly growing to keep up with business needs. Digitalization of content, data protection, disaster recovery and business continuity solutions, and long-term data retention, continue to make positive contributions to storage capacity growth. Content-rich business applications in areas such as telecommunications, media/entertainment, and Web 2.0 are also driving storage capacity needs.

In addition, demand for storage performance, responsiveness and availability, increasing value of data, need to backup, budget constraints, and environmental responsibility are the key drivers of storage management services.

Research and Markets