Global Storage Market Continues To See Strong Growth

By Mike Sachoff
Staff Writer
Article Date: 2008-09-10

The worldwide storage software market had its 19th consecutive quarter of year-over-year growth in the second quarter of 2008 with revenue of $3.1 billion, a 14.2 percent increase over the same quarter one year ago, according to IDC's Worldwide Quarterly Storage Software Tracker.

"The overall storage software market grew at a faster rate in the second quarter than in the usually slow first quarter of the year. The year-over-year growth for 2Q08 was 14.2% compared to 9.4% for 1Q08. Most of the top vendors experienced accelerated growth in the second quarter, which helps to explain the strong Q2 results," said Michael Margossian, research analyst, Storage Software at IDC.

"The smaller vendors also had a strong quarter, but had less impact on the overall market than the top vendors."

EMC led the overall market with 24.2 percent revenue share in the second quarter of 2008. Symantec took the second spot with 19.1 percent revenue share, and IBM finished in the third position with 13.3 percent revenue share. NetApp finished in the fourth position with 7.8 percent revenue share while HP and CA rounded out the top 5 with 4.8 percent and 4.4 percent revenue share respectively.

"The storage software market continued to enjoy strong growth as perceptive users have put more applications and more data under storage software control," said James Baker, research manager, Storage Software at IDC.

"Vendors are responding to business-level needs with improved resource utilization, stronger data protection and recovery profiles, finer granularity of storage management, and by meeting more stringent auditing and regulatory realities. The time to value of storage software projects has never been quicker nor needed more."

About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.