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Data storage budgets are recovering from their recessionary pounding. But while storage managers might have more money to spend, they’ll need yet more capacity to meet new demands.
Good news again for data storage managers: Your budgets are continuing to climb out of the depths of the 2008-2009 recession. Not such good news for storage managers: You’ll have more data than ever to deal with, and finding a place for it all isn’t getting any easier.
It’s impossible these days to have a discussion about storage technology spending without first acknowledging just how deeply affected most shops were by the protracted economic downturn. But the results of our exclusive storage Purchasing Intentions survey show that this spring storage budgets -- on a year-over-year basis -- are up for the fourth consecutive survey (covering a two-year period).
The storage managers who participated in our survey expect an average 1.8% increase in their storage budgets, led by larger companies (more than $1 billion in revenue), where budgets are expected to increase by 3%. Even small businesses, which have struggled to get their budgets out of negative territory, will see a modest yet encouraging gain of 1.2%. To be sure, the budget change numbers are well shy of the hikes we saw routinely a few years back, but the upward trend is heartening.
YEAR-OVER-YEAR % CHANGE IN STORAGE BUDGETS
Enlarge YEAR-OVER-YEAR % CHANGE IN STORAGE BUDGETS diagram.
On an actual dollar basis, the average data storage budget recorded on the survey is $3 million, which is approximately the same as reported last year. As expected, that average is tilted toward the high end by larger companies, which averaged budgets of $8.3 million.
This was first published in May 2011