IDC Says Virtual Tape Library Sales to Double in Five Years
November 6, 2006 Timothy Prickett Morgan
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The market researchers at IDC have polished up the crystal balls they have dedicated to the storage market, and last week predicted that sales of virtual tape libraries would double in the next five years, hitting $1.4 billion in sales by 2011. Perhaps even more astounding than that revenue increase is the expectation that the amount of capacity under management by VTL solutions will increase at a compounded annual growth rate of 47.4 percent of that five year period. This is a huge increase in data, and it seems to indicate that companies that have loved tape archiving for decades |