The worldwide storage software market revenues are estimated to increase at a compound annual growth rate (CAGR) of 14.4 percent, from $5.47 billion in 2000 to $10.7 billion in 2005. This represents a 96 percent increase in revenue during the forecast period, says IDC.
"The quick acceptance and adoption rate of storage software solutions during 2000 can certainly be expected to continue at an accelerated pace over the next five years," said Bill North, research director of IDC's Storage Software service. "Enterprises will continue to demand more sophisticated software tools to assist in efficient management while corporations will strive for 100% application uptime and data availability. These will both continue to be key factors in market growth."
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