Merrill Lynch Says Storage Spending To Remain Flat in 2006
Storage spending will remain relatively flat in 2006, remaining at about 10 percent of the overall IT budget spending, according to a report by Merrill Lynch & Co. issued this week. I guess those IT departments didn’t read our CES 2006 coverage of the Western Digital Raptor X hard drive! I still can’t wait for them to go on the market and not just pre-order.
The Wall Street brokerage firm surveyed 100 CIOs?75 from the United States and 25 from Europe?on a variety of IT topics, including trends in spending on storage technology. According to the survey, storage spending will remain at 10.1 percent of overall IT budgets, the same as 2005 and up from 8.9 percent in 2004. Much of the growth in 2005 was fueled by regulatory compliance demands by such legislation as the Sarbanes-Oxley Act, as well as the growth in the amount of data created and falling prices.
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