Storage Ticker - 19 February 2024: Latest Prices, News, & Analysis

Latest Developments and Trends in Data Storage

Introduction: Welcome to the Storage Ticker for February 19, 2024. In this weekly report, we will cover the latest news, trends, and developments in the data storage industry. From emerging technologies to market insights, we’ve got you covered.

  1. Seagate Unveils Exos X14: Seagate Technology, a leading data storage provider, has announced the release of its new Exos X14 hard drive. With a capacity of up to 18TB, this high-performance drive is designed for data-intensive workloads in enterprise environments. The Exos X14 features a helium-sealed design, which reduces power consumption and increases reliability.

  2. IBM Introduces FlashSystem 9100: IBM has launched its new all-flash storage system, the FlashSystem 9100. This system offers up to 32 petabytes of capacity and delivers up to 1.4 million IOPS. It is designed to handle mission-critical workloads and is ideal for large enterprises and service providers.

  3. Western Digital Announces Ultrastar DC HC550: Western Digital has introduced its new Ultrastar DC HC550 data center hard drive. With a capacity of up to 16TB, this drive offers high performance and reliability. It features a HelioSeal helium-sealed design, which reduces power consumption and increases data density.

  4. Intel Acquires Barefoot Networks: Intel has announced the acquisition of Barefoot Networks, a leading provider of Ethernet switch silicon and software. This acquisition is expected to strengthen Intel’s position in the data center market and enable the development of next-generation networking solutions.

  5. Market Insights: According to a recent report by MarketsandMarkets, the global data storage market is expected to grow from $118.4 billion in 2019 to $174.3 billion by 2024, at a CAGR of 8.3%. The growth is attributed to the increasing adoption of cloud computing, the proliferation of big data, and the need for high-performance storage solutions.

Conclusion: That’s all for this week’s Storage Ticker. Stay tuned for more updates and insights from the data storage industry. If you have any questions or comments, please feel free to share them below.

Note: This article is intended to provide a summary of the latest news and trends in the data storage industry. For more detailed information, please refer to the original sources mentioned in the article.