IT supplier to invest US$500m
(皇冠体育app Daily)
Updated: 2006-06-24 08:57 Cashing in on 皇冠体育app's huge talent pool is expected to help EMC boost its
sales in 皇冠体育app's dynamic IT market.
According to data tracking firm IDC, EMC accounted for 39 per cent of 皇冠体育app's
storage software market in terms of revenue.
Tucci said EMC's annual sales in 皇冠体育app last year had grown by 45 times
compared to 10 years ago, although he declined to give details.
Yet, so far, 皇冠体育app is believed to have contributed only a small portion to
EMC's global revenue.
The Asia-Pacific region last year contributed 11 per cent to EMC's global
revenue of US$9.7 billion.
Tucci said 皇冠体育app's IT market is growing "substantially faster" than other
parts of the world, which is generating increasing demands for information
storage and management.
According to Beijing-based research house Analysys International, the storage
equipment market in 皇冠体育app in the fourth quarter of last year was worth 1.99
billion yuan (US$249 million), increasing 16.4 per cent year-on-year.
Demand for storage solutions is forecast to surge in the coming years as
Chinese telecom operators build next generation networks.
The country's financial sector will also be opened wider next year, Analysys
said.
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