Seagate optimistic for storage market in 2010

BS Teh (right), Seagate’s Vice President and Managing Director for Asia-Pacific & Japan, and Rajesh Khurana, Country Manager, showcasing the technology innovations of the company over its 30 years

Celebrating completion of 30 successful years marked by consistent market and technology leadership, Seagate looks forward to a very positive 2010 riding on revival of economies Asia Pacific region, especially India and China.

BS Teh, Seagate’s Executive Vice President and Managing Director for Asia Pacific & Japan, informed that Seagate is the only hard disc manufacturer to have achieved shipment volume of 1-billion drives in 2008 and is still the only HDD company to have crossed this landmark and said that it would achieve the next 1 billion within the next five years, riding on the back of explosive requirement for storage both at enterprise and consumer levels.

The company projects positive outlook for the storage industry in 2010 and expects the growing digital lifestyles and exploding enterprise data to drive growth. Asia-Pacific and Japan contribute almost half of the company's revenue.

It is predicted that enterprise data will grow by over six times over next four-five years. With applications like SMS [the number of text messages sent every single day, which is currently, about 6,5 billion that is more than population on earth] and other communication and entertainment devices, already the HDD commissions 1.5 million drives every day. Seagate anticipates that 40 Exabytes of unique new information will be generated in this year globally, while traffic on the world-wide-web would grow at 40% CAGR over the same period. All this usage requires storage at the backend.

India is key player of Seagate’s growth strategy as anticipated investment in IT infrastructure, of which storage is a key component. Indian enterprises will be looking to rationalizing their storage with adoption of newer technologies like storage virtualization, de-duplication, thin provisioning, thin cloning, data storage is well on the way to recovery.