Computer Storage Equipment - A Rapidly Changing Field Dependent On Increasing World-Wide Information Processing And Storage Demands

The computer storage sector produces magnetic, optical, and tape storage and retrieval equipment for computer devices. These devices range from the standard desktop computer floppy and hard disk drives to unique storage administration systems such as complex tape library and autoloader systems implemented in major enterprise networks.

The call for more storage capacity and productivity has continued to rise sharply, as microprocessors have evolved faster, software applications require more computer resources , and network computing has become more of a standard. Attempts to harness processing power and give users additional capabilities have made the standard new software application necessitate vastly much more storage space than previous versions. On personal computers, storage expectations have further developed and multiplied because of rising multimedia features and content, for example DVD movies and downloadable music on the Internet. At the same time, corporate systems have been required to manage mounting storage and processing requirements from internal users, and additionally from the Internet.

Cargo values for computer storage devices and equipment like tape libraries, which equaled $9.0 billion in 2000, decreased to $8.2 billion in 2001. At that time period, about 66 companies competed in the domestic market. Notwithstanding the numerous forces invigorating demand for storage devices, the industry, like many computer hardware sectors, has been hurt by aggressive price competition. Such pressures have encouraged substantial consolidation inside the industry and have led to price cutting at several storage device firms. In conjunction with increased price competition, the market for storage devices was at the mercy of a weak economic climate in the early 2000s. This presented challenges across practically every product group in the computer industry, as manufacturers dealt with lowered spending and determination levels in both the consumer and corporate sectors.

The computer storage industry continued to face both issues and opportunities related to storage outsourcing services, or storage service providers, or SSPs, at the beginning of 2000s. These web-based services sell storage space and management applications that subscribers can simply connect to and use, permitting companies to avoid investing in and managing storage hardware and software themselves. At the beginning of 2000s, the new SSP field was modifying how storage devices are used and marketed. It also presented an opportunity for storage equipment companies to branch into services. By 2001 telecommunication giants like World Com and AT&T were competing in this sector. Across the world, IDC, a consulting service in technology intelligence and industry evaluation, forecast spending on SSPs to go up from $150 million in 2000 to $10.5 billion in 2005, as reported by Computing Canada. This growth reflected a compound annual growth rate of nearly 134 percent.

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