HONG KONG enterprises with a well-established IT infrastructure are expected to spend more on information and data management (IDM) software to manage storage more efficiently than expand storage itself, even though the price of disk and tape storage is plummeting.
The Asia-Pacific IDM software market, which was worth US$1.2 million last year, will grow at a compound annual rate of 10 per cent to reach US$1.9 billion by 2009, according to the latest report by technology researcher International Data Corp (IDC).
IDC said Hong Kong businesses were expected to contribute US$84.8 million by 2009 to the region's IDM software market.
The growing demand for IDM software is driven by the need for storing data and managing and recovering critical data.
IDC market analyst Asia-Pacific Sharon Tan said: 'Growth is expected to be more significant in the relational database management segment. [This is] driven partly by the need for managing data generated by the increasing number of deployments of data-related applications, like enterprise resource planning and business intelligence [software], as well as data integration projects in the more mature economies.'
More vendors are focusing on storage management to meet user demand. Last week, Computer Associates (CA) launched its new version of BrightStor r11.5, an intelligent storage management application, in Hong Kong.