Short Take: Dataquest reports surge in storage and RAID spending

A report conducted by high-tech market research firm Dataquest estimates that the worldwide server storage and RAID market will approach $20 billion in 1997. Due to growth in processing power and network capability, the market is forecast to continue strong growth throughout the rest of this decade. Dataquest predicts spending will surpass $25.6 billion in the year 2000.

Sept. 10, 1997 12:15 p.m. PT

A report conducted by high-tech market research firm estimates that the worldwide server storage and RAID market will approach $20 billion in 1997. Due to growth in processing power and network capability, the market is forecast to continue strong growth throughout the rest of this decade. Dataquest predicts spending will surpass $25.6 billion in the year 2000.