This Tech Giant Dominates the Worldwide Storage Market
IT research firm International Data Corporation says that the total worldwide disk storage systems market reached nearly $8.1 billion in revenue in the second quarter of this year. This is an 8 percent year over year growth, suggesting that despite a slow economy demand for storage infrastructure remains strong.
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EMC Corporation (NYSE:EMC) leads the Q2 market with a 30.4 percent revenue share. Stocks are down for the year to date, but have climbed since a recent low in July.
The rest of the lineup is: IBM (NYSE:IBM) at 12.9 percent, NetApp (NASDAQ:NTAP) at 12.1 percent, Hewlett-Packard (NYSE:HPQ) at 10.7 percent, Hitachi at 8.1 percent, and Dell (NASDAQ:DELL) at 7.8 percent.
Within the total disk storage systems market, external disk storage is looking particularly strong. Senior research analyst at IDC Liz Conner says that “the external disk storage system market continues to grow on a stable trajectory with factory revenues approaching $6 billion for the first time in the second quarter.” She attributes this success to “double-digit growth in the emerging regions and strong demand for mid-range storage.”
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