Terror fears spark storage technology spending boom

A new survey by RBC Capital Markets and the Computing Technology Industry Association (CompTia) reveals that the protection of data through the use of system area networks (SANs) has become a key priority for US corporations in the wake of the 11 September terrorist attacks on America.

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Terror fears spark storage technology spending boom

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The survey interviewed 73 vendors providing SAN services to corporations in the United States. Results show approximately half of companies with over $1 billion in revenue to have deployed a SAN to protect and store data, in 2001. This compares to a 2000 survey that found only 16.2 per cent of large companies had deployed a SAN.

The study suggests small to mid-tier companies are also quickly moving to embrace the technology.

SANs allow companies to store key data in secure off-site facilities. Robert Montague, research analyst for RBC Capital Markets, says: "The September 11th terrorist attacks woke up a lot of companies to this issue...The result is that this area is one of the hottest sectors of technology. We are seeing even small and mid-tier companies employing SANs to protect vital corporate information."

He believes that there is a significant opportunity for companies with the foresight to develop products and services that meet the needs of the small and mid-tier level segment.

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