Storage Resource Management Software Market Surpasses 2001 Estimates as Demand Remains Strong, According to IDC
FRAMINGHAM, MA – MAY 13, 2002 – The storage resource management (SRM) software market grew 27.6% between 2000-2001 to reach $1.8 billion. IDC believes this strong performance will continue over the next five years as the SRM market is expected to surpass $4.6 billion in revenue by 2006.
"IDC attributes part of the increased desire for SRM capabilities to growing organizational concern for controlling employee personal use of enterprise storage," says Bill North, director for IDC's Storage Software service. "This has led to more spending on quota management, monitoring, and reporting software that could help manage or prohibit this type of usage."
In addition to wanting to manage employee use, companies are also looking towards SRM software as a way to reduce costs, improve efficiency, and make better use of their existing storage resources. SRM software provides simplification and automation to an already complicated task of managing storage systems.
IDC's new forecast for 2002 entitled Worldwide Storage Resource Management Software Forecast, 2002-2006, (IDC #27058) provides a five-year forecast, situation overview, future trends, and essential guidance for vendors and customers looking to extend their reach into the storage resource management market.
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