Storage management a growing business

The market for storage-management software will nearly triple by 2005, analyst firm Aberdeen Group said Monday. The market should grow to $21.2 billion from 2001's estimated $7.9 billion, the report said.

The growth has been pushed in part by the need to cut costs by squeezing more out of existing storage systems, a job that software can help accomplish. The market is growing faster than Aberdeen expected just a few months ago, analyst David Hill said in a statement.