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September 9th, 2004

Nanotechnology-based data storage on rise

Nanotechnology could yield billions of dollars of new data storage devices, based on exotic technologies, in just the next few years, with vastly larger memory and faster response times, analysts told United Press International.

Advances customers could see from such devices include cell phones with enough memory to download movies, suggested Lawrence Gasman, principal analyst for NanoMarkets, an industry research firm in Sterling, Va. The global market for such nano-based storage is expected to increase dramatically. Experts predict a growth from $97 million in 2004 to $17.9 billion by 2008 and $65.7 billion by 2011, large enough to suggest future disruptions in existing markets and potentially the rise of new industry giants.


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