Storage Utility Market to Reach US$8B by 2003

FRAMINGHAM (03/20/2000) - The boom in Internet data centers will drive the North American storage utility market's growth from a US$10 million industry today to $8 billion by 2003, according to a report released by Dataquest Inc., a San Jose, California-based unit of Gartner Group Inc.

The boom in Internet data centers, coupled with the demand for storage capacity, are the primary engines behind the storage utility market's growth during the next three years, according to Dataquest.

Dataquest defines storage utilities as technologies that store capacity for servers on a usage basis. The capacity may either be delivered through a network on a user site, remotely or via the Internet, Dataquest said. Storage services, including PC and server backup, archiving and system and file recovery are other components of the market.

Some $6 billion of that market growth will be generated by Internet data centers and not corporate data centers, which already have established storage infrastructures and information technology departments, said Dataquest. In contrast, Internet data centers generally serve customers with few or no storage resources, the research firm said.

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