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Boon time for storage players

Enterprises may be cutting back on spending, but obviously not storage given worldwide disk storage systems grew to $6.9 billion in revenues for the second quarter of this year.

This mark is up 10 percent from second quarter 2007 with analysts attributing growth to better technology options.

The spike is the highest growth IDC research has seen in two years, and notable as growth was reported across various technology segments.

Worldwide external disk storage systems factory revenues posted 16.7 percent year-over-year growth totaling $5.1 billion in the second quarter, according to IDC's Worldwide Disk Storage Systems Quarterly Tracker report released today.

Every vendor is reaping rewards. EMC (NYSE: EMC) experienced 20 percent growth as compared with the second quarter of 2007, and Sun had a big quarter as well with its high-end StorageTek 9000 line showing a 70 percent increase year to year.

In a statement Sun (NASDAQ: JAVA) said the growth is proof "its unique and open approach to storage is fast gaining acceptance with those that matter most -- our customers," stated Jason Schaffer, senior director of Sun storage product management.

The news comes as IT spending comes under greater scrutiny given sluggish economics and rising operations costs such as power and cooling.

The growth is tied to increasing data that needs to be housed, and regulations on protecting and storing information, said IDC research analyst Natalya Yezhkova.

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