EMC, Symantec Lead Storage Software Revenue Surge: IDC
EMC, Symantec and IBM were the top-ranking storage software suppliers in 3Q11, according to the IDC report.Storage software revenue reached nearly $3.5 billion in the third quarter of 2011, a 9.7 percent increase over the same quarter in 2010, according to a report from IDC. This makes 3Q11 the second-largest revenue-generating quarter in the nine years that IDC has been tracking the market. Over the past nine years, only the first quarter of 2011 has generated more revenue than during 3Q11, according to IDC's "Worldwide Storage Software QView." Six of the seven functional markets covered within the Worldwide Storage Software Qview experienced year-over-year revenue growth, and four markets grew at double-digit rates during the quarter. Archiving software and storage as well as device management software experienced the strongest increase in demand, with 12.2 percent and 11.3 percent year-over-year growth, respectively. Data protection and recovery software accounted for 34.9 percent of total revenue in 3Q11 and was once again the largest contributor to incremental revenue compared with 3Q10.
EMC, Symantec and IBM were the top-ranking storage software suppliers, with market shares of 24.5 percent, 15.3 percent and 14 percent, respectively. All suppliers covered within the Qview experienced year-over-year growth in storage software revenue. HP experienced the largest year-over-year increase-38.2 percent-during the quarter, primarily due to the company's acquisition of 3PAR. NetApp placed fourth, with a 3Q11 market share of 8.8 percent, followed by Hitachi, with 4.1 percent share.