Average Fortune 1000 Computer Storage Capacity Doubling Every 10 Months

The average installed storage capacity in Fortune 1000 organizations has jumped from 198 TB in early 2005 to 680 TB in October 2006, according to TheInfoPro (TIP)'s Wave 8 Storage Networking Fortune 1000 report. The research reveals that average Fortune 1000 installed storage capacity has doubled every 10 months for the last four waves of its research.
According to the report, almost 50% of the Fortune 1000 organizations interviewed stated that storage occupies more than 15% of their data center budget, with consolidation and virtualization strategies ranking high among the Fortune 1000 as the top cost-saving storage initiatives.

Business expansion and regulatory compliance are the two most cited key dynamics behind the growth in networked storage.

For large companies including Dell, EMC, HP, IBM, HDS, NetApp, CA, Sun, HP, Quantum, Brocade, Cisco, Symantec, Data Domain, COPAN, FalconStor, QLogic, Fujitsu and a host of small, niche companies such as Diligent, Riverbed, Packeteer, CommVault, 3PAR, Compellent, Kazeon, MonoSphere, Index Engines and others, the spending binge is good news for an industry that has been struggling over the last two quarters.

The findings are derived from 154 hour-long interviews with TheInfoPros peer network of pre-screened Fortune 1000 Storage professionals who provide expert commentary for TIPs Storage studies.

To view a rich media presentation of findings visit: http://www.brainshark.com/theinfopro/storw8_snr_f1000_pr

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