Sunnyvale, Calif. – April 17, 2006 -- Network Appliance, Inc. (NASDAQ: NTAP) today announced that it has extended its position in the NAS and unified storage market. According to Gartner’s report “Market Share: NAS/Unified Storage, Worldwide, 2000-2005,”1 the total NAS and unified storage market grew 16.1% in 20042. NetApp grew more quickly than the market, posting annual revenue growth of 22.4%3. According to Gartner, the company increased its market share from 52.4% in 2004 to 55.2% in 20054.
NetApp leads in both the high-end and midrange parts of the market, with 88.9% market share and 70.5% market share by revenue respectively5. Additionally, NetApp revenue for NAS/Unified Storage Gateways grew faster than the market from 20046.
“With NetApp® unified storage, customers can consolidate, standardize, and centrally manage both SAN and NAS storage to simplify complex IT environments and dramatically reduce total cost of ownership,” said Patrick Rogers, vice president of Products and Partners at Network Appliance. “By offering storage solutions that maximize our customers’ investments and simultaneously support Fibre Channel SAN, IP SAN (iSCSI), and network-attached storage, NetApp can continue to address changing business needs as storage technologies evolve.”
About Network Appliance
Network Appliance is a world leader in unified storage solutions for today’s data-intensive enterprise. Since its inception in 1992, Network Appliance has delivered technology, product and partner firsts that simplify data management. Information about Network Appliance™ solutions and services is available at www.netapp.com.
"Safe Harbor" Statement under U.S. Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include market and market share trends that benefit the Company, continued customer acceptance and adoption rates of the Company's solutions. These forward-looking statements involve risks and uncertainties, and actual results could vary. Factors that could impact our ability to achieve our goals include general economic and industry conditions, including expenditure trends for storage-related products; our ability to deliver new product architectures and products that meet market acceptance; our ability to design products that compete effectively from a price and performance perspective; and other important factors as described in Network Appliance, Inc.'s reports and documents filed from time to time with the Securities and Exchange Commission, including our most recently submitted 10-K and 10-Q.
1Gartner Dataquest, "Market Share: NAS/Unified Storage, Worldwide, 2000-2005," Pushan Rinnen, 2005.
2Table 1-1, Total NAS/Unified Storage Revenue by Configuration
3Table 1-8, Top 10 NAS/Unified Storage Vendors by Revenue
4Table 1-8, Top 10 NAS/Unified Storage Vendors by Revenue
5Table 3-4, Top Five Midrange Stand-Alone NAS/Unified Storage Vendors by Revenue and Table 4-4, Top Five High-End NAS/Unified Storage Vendors by Revenue
6Table 5-3, Top Five NAS/Unified Storage Gateway Vendors by Revenue
Source:
Wired News