openPR Logo
Press release

CommVault’s Annual IT Storage Spending Predictions Survey Reveals Budget Uptick as Organizations Grapple with Data Explosion

12-15-2011 07:03 AM CET | IT, New Media & Software

Press release from: CommVault Systems

IT Spending Predictions Survey Infographic

IT Spending Predictions Survey Infographic

CommVault (NASDAQ: CVLT) –DUBAI, United Arab Emirates—December 14, 2011

The modern data center is undergoing a rapid shift to cloud-enabled services, mobile computing and 24x7 operations that is leading to unprecedented ways to create information that helps companies grow their businesses. The side effects, however, are massive data growth and a new set of challenges as organizations struggle to find ways to keep pace with growing volumes of data, more demanding service levels for recovery and collapsing backup windows. It's a phenomenon that requires a new strategy for information management, one that provides a seamless process from backup and recovery to archiving for data retention and easy, fast data retrieval. According to the results of CommVault’s annual IT Storage Spending Predictions Survey, managing data growth, backup and recovery, disaster recovery, backup of virtual server environments and email/file archiving are the top five IT concerns facing end user organizations in 2012.

News Facts
CommVault today released the results of its IT Storage Spending Survey, which polled a cross-section of 295 respondents. This included individuals responsible for IT budget allocations encompassing storage and data management such as CIOs, vice presidents and IT directors, as well as backup, server and storage group managers or administrators.

According to the survey results, managing data growth (i.e., data reduction) is the top budget priority for 2012, followed by network and equipment, disaster recovery, applications/software, data backup and recovery and backup of virtual server environments. These priorities are almost identical to those cited in CommVault’s 2011 Storage Spending Survey.

Also similar to 2011, respondents predicted a slight increase in overall IT budgets for the New Year. Thirty-two percent of the survey respondents revealed their IT budgets would increase in 2012, while 50 percent stated their budgets would remain unchanged in the coming year. Of that IT budget, 43 percent of those polled reported allocating up to 10 percent for overall data protection, for items such as hardware, software, services/support and media, while another 34 percent planned to spend between 11 and 20 percent of their budget on overall data protection.

IT budgets may be on the rise, but most organizations will have to weather the data deluge with their current IT staff. Of those surveyed, 54 percent reported no expected increases in IT headcount in 2012; 16 percent expected an increase and 29 percent remained undecided on increasing their staffing in 2012.

Massive data growth is being fueled in part by the continued adoption of server virtualization as organizations consolidate physical servers in an effort to reduce costs. Eighty-two percent of respondents are managing up to 250 virtual servers today, but an overwhelming 89 percent of respondents expect that number to increase in 2012.

Fifty-seven percent of the respondents polled came from organizations with between 500 to 10,000 employees, representing a variety of industry sectors, including government, education, manufacturing, healthcare, financial services, engineering and retail. Nearly 50 percent of the respondents were responsible for managing 11 to 75 TBs of primary data last year.

Optimizing IT Budgets with Simpana Software
CommVault customers continue to embrace Simpana software to address their most pressing IT challenges while making the most of their IT budgets and alleviating the challenges that come with managing and protecting massive amounts of data.

Simpana software is one product suite built on a single platform to intelligently manage and protect data and information across heterogeneous applications, hypervisors, operating systems and infrastructure from a single console.

CommVault's policy-driven data management platform protects, stores and recovers vast amounts of data while automating administration. The ability to eliminate manual processes and seamlessly tier data to physical, virtual and cloud storage decreases administrative costs and increases operational efficiencies, letting IT departments do more with fewer resources.

As the only software company to offer a single platform approach to data and information management, CommVault provides unified capabilities for backup and recovery, replication, archive, enterprise search, as well as eDiscovery and compliance workflow.

With Simpana 9, CommVault has also simplified its licensing model to provide customers nearly unlimited use of advanced features while charging only for the amount of front-end capacity being protected. Customers maintain visibility into capacity and growth with usage and trending dashboards to help them manage storage budgets more efficiently.

Supporting Quotes
David West, senior vice president of marketing and business development for CommVault:

“The results of CommVault’s annual IT storage spending predictions survey reinforce what we hear from customers on a daily basis. Data growth continues to accelerate unabated with the rise of virtual servers, mobile devices and the use of social media in the workplace. Organizations continue to turn to CommVault to address these challenges while reducing risk, controlling costs and accelerate access to valuable business information.”

About CommVault
A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's Simpana® software suite of products was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management capabilities. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States.

Safe Harbor Statement
Customers' results may differ materially from those stated herein; CommVault does not guarantee that all customers can achieve benefits similar to those stated above. This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements.

©1999-2011 CommVault Systems, Inc. All rights reserved. CommVault, CommVault and logo, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, CommVault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, SnapProtect, Recovery Director, CommServe, CommCell, ROMS, and CommValue are trademarks or registered trademarks of CommVault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.

Villa 41, 81-d Street, Uptown Mirdif
P.O. Box 78835, Dubai
United Arab Emirates

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CommVault’s Annual IT Storage Spending Predictions Survey Reveals Budget Uptick as Organizations Grapple with Data Explosion here

News-ID: 204118 • Views: 1424

More Releases from CommVault Systems

CommVault Launches Endpoint Data Protection to Secure, Support and Back Up Mobil …
DUBAI, United Arab Emirates, 15th January, 2015—CommVault (NASDAQ: CVLT) today announced the launch of Simpana for Endpoint Data Protection, a new solution set designed to help protect and enable the mobile workforce by efficiently backing-up laptops, desktops and mobile devices and providing secure access and self-service capabilities. With today’s mobile workforce increasing their reliance on information saved on local endpoints and outside IT’s traditional domain, the need to protect sensitive data
CommVault Addresses Demand for Data Management Optimization with New Consulting …
DUBAI, United Arab Emirates, 23 July, 2014 - CommVault (NASDAQ: CVLT) today announced the launch of two new service offerings designed to help enterprises accelerate time to value and drive greater business efficiencies from their data management environments. The new CommVault® Operational Efficiency Assessment and Simpana® Software Personalization services provide customers new ways to optimize IT investments, extend the value of their information assets, automate their key processes and benefit from
CommVault Recognized as the 2014 Microsoft Server Platform Partner of the Year W …
DUBAI, United Arab Emirates, June 17, 2014 – CommVault (NASDAQ: CVLT) today announced it has won the 2014 Microsoft Server Platform Partner of the Year Award. The company was honored among a global field of top Microsoft Corp. partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. The Server Platform Partner of the Year Award honors a partner who has delivered solutions that enable
CommVault Enables Network of 200+ Service Providers Globally to Deliver Cloud Da …
DUBAI, United Arab Emirates —18th March, 2014—CommVault (NASDAQ: CVLT) today announced that the Simpana® 10 software platform has become the data protection platform of choice for more than 200 certified service providers, which provide cloud solutions to millions of client systems worldwide and protect hundreds of petabytes of data. The company also unveiled a three-pronged cloud business strategy that builds on its leadership in software innovation and, through strategic

All 5 Releases

More Releases for Vault

01-15-2021 | Sports
Pole Vault Equipment Market : Industry Trends and Developments 2018–2028
The pole vault equipment market has been witnessing a considerable shift from conventional distribution channel towards direct to customer sales channel, given its benefit of building strong relationship between manufacturers and customers with respect to brand image. Moreover, direct to customer sales channel allows companies to gain customer data that can be used to enhance business development and build long term relationship with customers. Request a report sample to gain comprehensive
Safeguarding the Digital Vault: An Era of Digi Thieves
Countries across the world are working towards forming a digital economy and shaping its future. Digitization and internet connectivity have become the axis of this transformation. This transformation has also created a challenge for the security community to create a robust framework to ensure that digital vaults of the financial institutions are safe and secure. Security has emerged as the principal requirement for digital financial applications. The financial technology (fintech)
Systweak releases Secret Photo Vault app for Android Users
Systweak Software has released the Android version of one of its popular apps, Secret Photo Vault. Previously, it was available exclusively for iOS devices. Secret Photo Vault is a smart tool using which users can easily hide and protect their personal and secret photos from public view. It not only includes password and PIN protection but also lets users unlock their photos with fingerprint unlock. In addition to this, the app has
Asia-Pacific Vault Doors Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Asia-Pacific Vault Doors Market Report 2017" Description In this report, the Asia-Pacific Vault Doors market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (volume), revenue (value), market share and growth rate of
Systweak Launches Secret Photo Vault for iOS
Keeping with the times, Systweak Software has released a practical app which keeps personal photos and videos safe from prying eyes. The Secret Photo Vault app, built for iOS devices, helps protect user’s photographs and videos from being accessed by anyone without notice. The app can lock photographs and videos with a 4-digit Passcode set by the device user/owner. Secret Photo Vault can import pictures and videos directly from Photo
Blue Vault Partners and Blue Springs Capital Launch BDC Review
Blue Vault Partners, first with online performance reporting for nontraded REITs, is expanding its research services by partnering with Blue Springs Capital to launch a new publication focused on nontraded Business Development Companies. Atlanta, GA, August 20, 2013 -- Blue Vault Partners is pleased to announce the formation of a strategic alliance with Blue Springs Capital to launch a new report that will analyze and monitor the performance of nontraded Business