IDC Report: External HDD Market Slows Despite Strong Demand

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IDC Worldwide Quarterly Disk Storage Systems Tracker indicates that worldwide shipments of external hard disk drives grew by almost 50% in terms of storage capacity, but only 5% in terms of money.

The IDC report said worldwide external disk storage systems factory revenues in the third quarter of 2007 (3Q07) grew 5.1% from a year ago to $4.4 billion, down slightly from the three previous quarters but still marking 19 consecutive quarters of year-over-year growth.

For the quarter, the total disk storage systems market grew to $6.3 billion up 4.3% from the prior year’s quarter. Total disk storage systems capacity shipped grew 49.4% from a year-ago quarter, reaching 1.3 exabytes or 1.3 billion gigabytes.

EMC maintained its lead in the external disk storage systems market with 21.9% revenue share, followed by IBM and HP in a statistical tie for the number 2 position with 14.0% and 13.4% revenue share, respectively. Dell and Hitachi rounded out the top 5 with 9.3% and 8.5%, respectively. Among the top 5 suppliers, Dell posted the strongest year-over-year revenue growth (17.9%) during 3Q07.

[Via: Business Wire]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.