Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ANZ Organisations to Invest in Storage Solutions


ANZ Organisations to Invest in Storage Solutions due to Growing Volumes of Data, Says IDC

NORTH SYDNEY - A recent IDC study points to the growth in storage requirements by organisations in Australia and New Zealand, compounded by unprecedented growth in the volume of data to be managed and a quantum leap in complexity. The storage solutions market in Australia and New Zealand was valued at A$1,804 million in 2001.

IDC defines storage solutions as hardware, software and services as they relate to the storage opportunity. Within this market, storage software contributed 10%, storage hardware accounted for 60% and storage services accounted for 30% of total storage solutions spend. Looking forward IDC forecasts storage solutions in Australia and New Zealand will grow at a compound annual growth rate of 6.2% to reach A$2,433 million by 2006.

IDC has observed declining margins in storage hardware, as well as customer demands for complete storage solutions. Responding to these trends, it is logical that vendors shift their emphasis exclusively from hardware to incorporate software and services as part of delivering a storage solution to the market.

The real value of the storage resource is expected to be gained from a network storage infrastructure in which integrated storage software enables users to organise and access the information contained in the storage resource, said Graham Penn, IDCs Director of Storage Research, Asia/Pacific.

To achieve this goal, IDC expects there to be strong demand for professional services associated with the design, implementation and review of network storage solutions, he added.

The nature of the storage environment has changed radically in recent years. With the growth of data within many organisations accelerating, the infrastructure implications and operating costs of the growth in storage is becoming apparent.

In virtually every organisation within Australia and New Zealand, it is becoming more evident that data is a key corporate asset. Maintaining its availability, integrity and security is now a critical business issue, and this realisation is resulting in strong growth in demand for storage solutions, commented Mr. Penn.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Air New Zealand: Relaunching 14 International Routes In 16 Days

Air New Zealand is gearing up for the busiest July in two years with the relaunch of 14 international routes in 16 days... More>>



Inland Revenue: Update On Hidden Economy Real Estate Campaign

The Inland Revenue campaign focussing on the real estate sector has resulted in a drop in the amount of private expenses claims being made... More>>



Westpac: Consumer Confidence Plummets To Record Lows As Financial Pressures Mount

The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling 13 points to a level of 78.7... More>>


BusinessNZ: NZ Economy - Prevailing Headwinds
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery... More>>


Specialist Cheesemakers Assn: Shared Cheese Heritage Should Be Shared Not Stripped

As the EU-New Zealand FTA advances New Zealand cheesemakers are urging both Governments to recognise and celebrate the shared cheesemaking heritage that exists between European countries and New Zealand... More>>

Download Weekly: $60 million for more rural connections
David Clark, the digital economy and communications minister, announced the government will spend $60 million to further improve rural connectivity over the next few years... More>>