Canadian Enterprise Storage Systems Forecast, 2017–2021
This IDC study provides a forecast for spending in the Canadian disk storage systems market through 2021. Reviewing the underlying technological and market forces that shape this environment, IDC provides guidance to storage system vendors to assist in targeting growth areas of the market and abating the effects of the current global economic situation. Total disk storage systems revenue is expected to grow at a CAGR of 1.6% through 2021."A flat Canadian market in 2016 after strong growth in 2015 is a result of a few factors, from lower demand in the pipeline to higher costs of solid state storage due to manufacturing shortfalls worldwide. There will continue to be single-digit growth going forward to 2021; however, the chief market pressures of lower per-terabyte storage costs and the expansion of cloud offerings and uptake remain threats to storage original equipment manufacturers' (OEMs') revenue and profitability," says Dave Pearson, research manager, Enterprise Storage and Networking.