Storage Software Market Set For Recovery

By Mike Sachoff
Staff Writer
Article Date: 2009-09-14

The global storage software market experienced another decline in year-over-year growth in the second quarter of 2009 with revenues of $2.8 billion, representing -9.8 percent growth over the same quarter one year ago.

EMC led the overall market with 22.4 percent revenue share in the second quarter while its growth dipped 14.4 percent year-over-year. Symantec landed in the second position with 18.5 percent revenue while its growth fell 11.2 percent.

IBM finished in the third position with 11.5 percent revenue share and an 18.5 percent decline in growth. NetAPP finished in the fourth position with 8.5 percent revenue share and was the only vendor in the top five to experience positive growth of 0.8 percent.

"The storage software market is slowly starting to recover with positive growth over the first quarter of 2009," said Michael Margossian, research analyst, Storage Software at IDC.

"While only two out of the top five vendors experienced growth over the previous quarter, the replication market grew 5% compared to 1Q09 led by NetApp, which has been refocusing its efforts and grew 20% from the previous quarter."

"In the second quarter we generally start to see growth from the first quarter, and this year was no exception," said Noemi Greyzdorf, research manager, Storage Software.

"The data protection and recovery market had a sequential growth rate of nearly 3% and the top three vendors in this market - Symantec, IBM, and EMC - all had positive growth. In addition, the device management and archiving software markets each managed positive gains over the first quarter."

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