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Storage managers are starting to feel the pinch of a slowing economy, but they still have to store and protect more data than ever.|
The weak economy hit storage managers with a double whammy: less money to store more data. According to the latest edition of Storage magazine's Purchasing Intentions Survey, the average storage budget reported by respondents was $2.6 million--not a meager amount, but 19% off the average figure reported last spring and 24% less than last fall's tally (see "How storage budgets break down," below). And if you turn the calendar back a couple of years and compare it to the fall of 2006, the drop is even more precipitous at 28%. It looks like some belt tightening is the order of the day, at least for the foreseeable future.
This was first published in October 2008