Demand for Storage Software grows exponentially

A key new study by International Data Corp. (IDC), Worldwide Storage Software 2008-2012 Forecast, has predicted that the global market for storage software will exceed $17 billion by 2012, representing a 9.6% compound annual growth rate (CAGR) from 2007 through 2012.

The increase in demand for data protection and Information Lifecycle Management (ILM) is a major contributor to the growth in demand for storage software. In addition, regulations and compliance such as Sarbanes-Oxley are further driving the sales of storage software.

Commenting on the research, Susan Spence, Chairman of StorLife noted that “in addition to the sheer volume of data being generated, businesses are also faced with increased regulatory compliance, litigation, and e-discovery requirements which are driving the need to manage this vital infrastructure”.

StorLife provides a software-only Content Addressed Storage (CAS) solution providing the superior performance of magnetic disk, while ensuring scalability, resilience and assured content authenticity at a lower cost of ownership. StorLife content storage solutions help organisations to securely archive, protect and retrieve information over its entire lifecycle. StorLife retrieves information using a "digital fingerprint" that ensures retrieval of the original unaltered document.

About IDC

IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide.