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the Fastest Growing Storage companies in 2004

top 3 companies had over 100% year on year revenue growth

See also:- click here for an updated version of this popular article

the Top SSD Companies
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storage history:- the Fastest Growing STORAGE companies:- 2001, 2002, 2003, 2004, 2005
It gives me great pleasure to introduce the 4th annual edition of the top 10 fastest growing storage companies list. 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. 31% 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.
backup sw
Backup software

Flash Memory
Flash Memory


RAID systems

solid state disks
Solid state disks

..........The fastest growing storage companies in 2004..........

company year on year growth period main product category
M-Systems 190% quarter Solid state disks, Flash
SanDisk 122% quarter Flash Memory
Rambus 107% quarter Interface ICs & IP
Ramtron 98% quarter non volatile FRAM
Xtore 80% year RAID systems
CNT 84% quarter SAN routers
AMD 65% year Flash Memory
SimpleTech 62% quarter Flash Memory, RAM
Dataram 61% quarter RAM
MTI Technology 54% quarter SAN, Services
BakBone Software 50% year Backup software
Connected 50% quarter Backup software
Silicon Image 45% quarter ICs
Texas Memory Systems 45% quarter Solid state disks
FalconStor Software 43% quarter Backup software
EMC 35% quarter RAID systems, Backup software
Network Appliance 31% year NAS
NSI Software 31% quarter Backup software

Chewing over 2004 - the Rising Stars of Storage and the Dogs which Failed to Bark

In 2004 - STORAGEsearch estimates worldwide storage market revenue exceeded $70 billion. That's bigger than the worldwide server market - which was about $45 billion but smaller than the PC market which was $250 billion.

If anyone was skeptical about the recovery in the IT market which started in the 3rd quarter of 2003 - the results were clear for everyone to see by the phenomenal growth in the storage market in 2004.

18 of the world's top 1,000 storage companies achieved annual revenue growth rates above 30%. While 3 exceeded 100%.

The fastest growing major segments within the storage market were:-

The Storage Dogs Which Didn't Bark

Some new storage interconnect technologies like iSCSI and Infiniband failed to achieve the market traction which had been optimistically predicted by the venture capitalists which funded their original development. Although growth rates for both these markets were in double digits - the number of user sites remained disappointingly small. Technical compatibility problems were cited as the cause for low iSCSI take up, and STORAGEsearch will be returning to this issue with a market survey in Q1 2005.

The InfiniBand market suffered user neglect for two main reasons. The biggest server companies were hanging on as long as possible to their more profitable proprietary interconnects, and the recession had stymied the threat from potential startup server makers. Another reason was that conventional technologies such as Ethernet and Fibre-channel were getting faster - and in the minds of many users - might make the need for InfiniBand irrelevant.

Compared to the double digit growth in the star segments above, markets which merely achieved single digit revenue growth such as hard disk drives, fibre-channel HBAs and switches and tape backup systems looked like they were flatlining.

In 2004 there was a 75% reduction in the rate of storage companies being acquired, merged or going bust. Only 21 of the top 1,000 storage companies met this fate compared to an average annual 86 companies in the period 2000 to 2003.

Looking ahead to 2005 STORAGEsearch predicts that the solid state disk market will maintain its momentum and grow past $2 billion annual market revenue. Serial Attached SCSI will become the hottest DAS connection technology and will quickly replace parallel SCSI in new high performance systems by the 2nd half of the year. In the storage networking market - 4Gbps Fibre-channel will become the new standard at the high end, while the debate in the Ethernet attached NAS market over the merits of TCP/IP hardware accelerators will be ended by the market accepting that it's a must-have and not just a nice-to-have option.

Stay tuned to our news page to see how this continuing saga unfolds. Or take a look at our storage history pages and the article Chewing over 2003 to see how 2004 compares to the past.

See also:- Silver Blaze - the online short story by Sir Arthur Conan Doyle whose Sherlock Holmes first uttered the memorable phrase about "the curious incident of the dog in the night-time."

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Squeak! - Why are Most Analysts Wrong About Solid State Disks?
read the article - Why are Most Analysts  Wrong About Solid State Disks?
Most analysts and editors of other computer publications don't really understand the solid state disk market. They show their ignorance and naivete by prefacing every discussion of SSDs with a superficial analysis which compares the cost per byte of storage between flash and hard disk drives. That's the wrong answer to the wrong question. And it's far removed from why the SSD market is racing to become a multi billion dollar market seemingly in blithe ignorance of the cost per byte proposition.

This article tells you what's important to users and the main applications in which SSDs are already being used and new applications where they will be used in the next 3 years. the article, Solid State Disks
F3 Plus SLC SSD -   enterprise SSD with SLC
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. Product Category of the Year 2004

Editor:- December 20, 2004 - It was revealed today that Solid State Disks are the Product Category of the Year 2004 on based on reader pageviews.

The Solid State Disk page was the #1 category (out of more than 70 vertical storage subjects) viewed by readers for 44 of the first 50 weeks in 2004. In previous years - the product category of the year in 2002 and 2003 (2 years running) was SATA.

SSDs which have been around for over 20 years - have the potential to become a disruptive technology in the server market as they can replace faster processors and even whole servers by providing application speedups of x2 to x3 for many common business and scientific applications. The high entry level price of SSDs means that this has mainly been happening at the enterprise server level - but as the technology becomes more familiar outsideof its government market roots this will turn into a $10 Billion Market by 2007.

SSDs are a fast growing market segment. In fact 3 of the world's fastest growing storage companies in 2004:- (M-Systems, SimpleTech and Texas Memory Systems) make solid state disks.

STORAGEsearch has been analysing the factors which will help to disinhibit growth in the SSD market by surveying SSD users during the 4th quarter of 2004 and we'll be revealing important primary data about buyer needs and experiences in a new article in January. One preview from our survey results? Users like the technology. When asked the question:- "If you already use SSDs - how do you rate your experience of the benefits delivered compared to expectations?" - 65% said it greatly exceeded expectations (and they would advocate others to try). Solid State Disks
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The Most Popular Articles on

We've published hundreds of market changing storage articles and you can see thousands of archived news stories in our storage history pages.

The top 10 most popular articles read by readers on in December 2005 - were as follows...

  1. Squeak! - the 10 biggest storage companies in 2008
  2. Squeak! - the Solid State Disks Buyers Guide
  3. Flash Memory vs. Hard Disk Drives - Which Will Win?
  4. Squeak! - the Fastest Growing storage companies
  5. NAS, DAS or SAN? - Choosing the Right Storage Technology
  6. Squeak! - the Top 10 storage software companies - 2004
  7. War of the Disks: Hard Disk Drives vs. Flash Solid State Disks
  8. Squeak! - Venture Capital funds in storage
  9. Serial Attached SCSI - Delivering Flexibility to the Data Center
  10. Squeak! - Why are Most Analysts Wrong About Solid State Disks?

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