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Squeak! - the Fastest Growing Storage Companies in 2005

See also:- click here for an updated version of this popular article
Squeak! - Venture funds in storage.
Squeak! - the Solid State Disks Buyers Guide
article:- a Short History of Disk to Disk Backup
Squeak! - The 10 biggest storage companies in 2008?
Squeak! - Why are Most Analysts Wrong About Solid State Disks?
iSCSI, Manufacturers, Backup software, USB storage, Market research, NAS, Solid state disks
storage history:- the Fastest Growing STORAGE companies:- 2001, 2002, 2003, 2004
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click to expand - Fastest growing companies
For an experienced player like
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It gives me great pleasure to introduce the 5th annual edition of STORAGEsearch.com's list of the Fastest Growing Storage Companies. The recovery in the storage market means that many companies are now reporting revenue growth rates of 10%, or 20%. But that wasn't enough to get you into the top 10 list for this year. 24% revenue growth was the minimum entry requirement.

If you're looking for successful companies to buy from, or successful companies to partner with these are the companies you cannot ignore.
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Squeak! - the fastest growing storage companies in 2005

Companies are listed in alphabetic order - (source - STORAGEsearch.com)

company year on year
growth
period main product category
BluePoint Data Storage 87% quarter online backup and storage
CaminoSoft 100% year Storage Software
Dell 35 %* quarter RAID systems
FalconStor Software 35% quarter Backup software
Hynix Semiconductor 30% quarter Flash
M-Systems 55% year Solid state disks, Flash
NeoScale Systems 300% year Storage Security
Network Appliance 29% quarter NAS
Saifun Semiconductors 157% year Flash
SanDisk 37% quarter Flash
Seagate 24% quarter Hard disk drives
Swissbit 70% quarter Flash
Xyratex 48% year RAID systems
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Storage Software
Gartner predicted the storage management software market would grow 12% in 2005.

According to IDC, the storage software market grew 10.0% year over year to $2.1 billion in the third quarter of 2005.
Optical Storage Media
According to a report by BCC (RGB-317 Data Storage Media: Materials, Technologies, and Markets) The optical storage media market in 2005 was worth $12.4 billion and is expected to grow at an AAGR of 19.8% to reach $30.6 billion by 2010.
Fibre-channel adapters & switches
This market declined in 2004. But the anticipated threat from lower cost hotly hyped iSCSI turned out to be a damp squib in 2005. Although growing fast, the iSCSI market was only a tiny fraction of the network storage market. The SAN industry started to switch over to 4Gps in the second half of 2005, and in 2006 this will create a new wave of infrastructure investment by users seeking higher performance.

In May 2005 Dell'Oro Group said this market had grown 10% in the first quarter.
RAM
Semico Research predicted that the RAM market would decline by 3% in 2005. The RAM market has always fluctuated wildly from boom to bust. 2004 was a boom year. The RAM market is expected to grow again during 2006-2008.

According to Gartner Dataquest the DRAM market could be worth $26.4 billion in 2006.
Storage Services
IDC estimated that the storage services market in 2005 would be worth $28 billion and growing at about 5% / year. That's a much smaller figure than the earlier hyped projection of around $45 billion (2005) for this segment which was predicted by Gartner in 2002. Reasons for the smaller than expected market may be:- cost reductions due to increased standardization, competitive pressures from offshore and efficiencies due to delivering some services through the web and software technology.
Tape backup
The tape market, worth about $3 billion in 2005 - has been declining for years as it has been overtaken in terms of cost, ease of use and speed of backup by Disk to disk backup.

The tape market supplied 3 of the top 10 fastest growing storage companies in our 2001 list, but STORAGEsearch doubts if the tape backup market will ever again experience revenue growth.

According to the current market forecasts published by Freeman Reports, tape drive unit shipments will grow at a 2% CAGR through 2010. A growth rate of 7% is projected for tape automation systems. The number of tape drive suppliers has shrunk from 74 in 1990 to 20 in 2000 and to 10 in 2005. but strong demand for tape will continue for years. ...read the tape market article (pdf)
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Looking at Some Growing and Declining Storage Segments in 2005

2005 was another year of strong double digit revenue growth for many segments in the storage market. STORAGEsearch.com estimates that the storage market worldwide exceeded $150 billion in revenue in 2005. The table below, gives a summary of growth in key storage segments
Solid State Disks
SSD manufacturers were strongly represented in the fastest growing storage companies in 2004.. Most SSD oems aren't public companies and don't publish their revenue results. Having taken the soundings of leading SSD vendors in Q305 - I expect the SSD industry revenue growth in 2005 was in the region of 45%.

Looking ahead - as new disruptive markets for SSDs will open up in 2006 (which we'll write more about later) I expect the SSD market growth rate to accelerate sharply in 2006.
Flash Memory
In November 2005 - Web-Feet Research said it expected flash revenue in 2005 to reach nearly $20 billion, 13% higher than 2004.
Hard disk drives
2005 was a turnaround year for the HDD market. New markets in comsumer products have helped to balance out the historic tendency of the hard disk drive market to supply the increased capacity demands of the IT market at an ever decreasing overall price.

According to a report by Gartner - HDD market revenue in 2005 will be $27.2 billion (up 19.2% compared to 2004.

277 million hard disks were estimated to be shipped in 2005.

HDD revenue will rise by a further 9.2% in 2006 to reach $29.8 billion. Much of the growth in demand is coming from emerging consumer markets. Consumer demand for storing digital music, movies and photographs seems almost insatiable.
RAID systems
Market research on both sides of the Atlantic indicates that nearly 80% of user organizations plan to adopt disk to disk backup. When that factor is added to high growth rates in capacity demand, 2005 should be another double digit revenue growth year for the RAID market.

In December 2005 IDC said the external disk storage systems market had grown 12.5% in the 3rd quarter of 2005 - reaching $3.9 billion in the quarter. The emerging iSCSI market doubled again with 105% revenue growth year over year.
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