The global external storage market posted significant year-on-year growth, a newly released IDC report claims.
According to the research firm, the market grew 12.2 percent in the second quarter of 2011 with a total of $5.6 billion.
The storage disk market also grew, showing an increase of 10.2 percent from last year’s second quarter, reaching almost $7.5 billion.
Storage services provider EMC continued to lead the market with a share of 28.7 percent in the second quarter of 2011, followed by IBM with a share of 13.7 percent and NetApp with 12.8 percent share.
Hewlett-Packard finished with a 11 percent share. Hitachi and Dell came in fifth with shares of 8.1 percent and 7.9 percent market share, respectively.
"External storage systems revenue increased solidly in the second quarter, with all the segments experiencing double-digit gains as end-user investment in new technology continued," said Senior research analyst for IDC's storage systems research unit, Liz Conner.
"New vendor offerings around virtualization, 'big data' and cloud computing, coupled with less restrictive IT budgets, have contributed to this growth." she added.