Leading research company Macarthur Stroud International today revealed findings from a pan-European study of end user organisations carried out to determine the growth of the storage market between 2004 and 2007 and the penetration of Storage Area Networks (SANs) between 1998 and 2004.
The research, which polled 350 organisations in France, Germany, Italy and UK, revealed that the size of the storage market in Europe will grow at a very healthy average annual compound rate of 13.5%, bringing the market from Euro 16.4 billion in 2004 to an impressive Euro 24.0 billion in
2007.
The Macarthur Stroud International study also includes figures outlining SANs penetration rates in Europe over the past seven in medium/large organisations employing over 500 staff:
* 1998: 1%
* 2000: 18%
* 2002: 37%
* 2004: 57%
'These findings are significant for both vendors and end users; the former will welcome the indication that today's healthy level of sales will continue to rise for several years, while the latter will find comfort in the proof that networked storage is becoming more and more mainstream and accessible,' said Hamish Macarthur, CEO and founder at Macarthur Stroud International. 'Different technologies and drivers are contributing to the increased adoption of storage solutions. More efficient architectures such as utility storage and improved storage resource management, as well as a stronger interest in business continuity and compliance, are only some of the reasons behind the decision to take the leap.'
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