Storage Software Market Surpasses $3 Billion in Quarterly Sales for ...

Tag : Functional Fabric
Storage Software Market Surpasses $3 Billion in Quarterly Sales forthe First Time in Second Quarter, According to IDC

08 Sep 2008

FRAMINGHAM, Mass., September 8, 2008 – According to IDC's Worldwide Quarterly Storage SoftwareTracker, the worldwide storage software market experienced its 19thconsecutive quarter of year-over-year growth in the second quarterof 2008 (2Q08) with revenues of $3.1 billion, a 14.2% increase overthe same quarter one year ago. This was the first time that theworldwide storage software market surpassed $3 billion in revenuesin a single quarter.
"The overall storage software market grew at a faster rate in thesecond 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% for1Q08. Most of the top vendors experienced accelerated growth in thesecond quarter, which helps to explain the strong Q2 results," saidMichael Margossian, research analyst, Storage Software at IDC. "Thesmaller vendors also had a strong quarter, but had less impact onthe overall market than the top vendors."
"The storage software market continued to enjoy strong growth asperceptive users have put more applications and more data understorage software control. Vendors are responding to business-levelneeds with improved resource utilization, stronger data protectionand recovery profiles, finer granularity of storage management, andby meeting more stringent auditing and regulatory realities. Thetime to value of storage software projects has never been quickernor needed more," added James Baker, research manager, StorageSoftware at IDC.
EMC led the overall market with 24.2% revenue share in the secondquarter of 2008. Symantec took the second position with 19.1%revenue share, while IBM finished in the third position with 13.3%revenue share. NetApp finished in the fourth position with 7.8%revenue share while HP and CA rounded out the top 5 in astatistical tie with 4.8% and 4.4% revenue share, respectively.
File system, archiving, and data protection and recovery softwarewere the top three performing markets in the second quarter of2008, with strong growth in each of these markets driven by the topvendors. Data protection and recovery continues to be the largestmarket in terms of revenue due to ever-increasing regulations anddemand for the ability to safeguard data.



Top 5 Vendors, Worldwide Storage Software Revenue, Second Quarterof 2008 (Revenues are in Millions)