Global Storage Software Market Breaks Revenue Records

 
 
By Chris Preimesberger  |  Posted 2012-03-09 Email Print this article Print
 
 
 
 
 
 
 

Revenue during the calendar 4Q11 increased 10.5 percent year-over-year to almost $3.8 billion. This made 4Q11 the largest quarter on record and helped to push the full-year revenue total up 11.6 percent over 2010 to a record $14.16 billion.

It's been written -- here in eWEEK, in fact --  that nothing's ever certain except death, taxes and needing to buy more data storage.

The global markets continue to prove every quarter that buying more storage software and hardware -- whether on-premises or in the cloud -- is a never-ending project, thanks to ever-increasing data-creation rates and production workloads in all sectors. The latest market numbers bear this out once again.

Quarterly and yearly results from IDC's "Worldwide Storage Software QView" show that the worldwide storage software market closed 2011 with record sales for the umpteenth year in succession.

Revenue during the calendar 4Q11 increased 10.5 percent year-over-year to almost $3.8 billion. This made 4Q11 the largest quarter on record and helped to push the full-year revenue total up 11.6 percent over 2010 to a record $14.16 billion.

The usual suspects were all in line at the top of the charts. EMC, IBM and Symantec were the top-ranking storage software suppliers with 25.7 percent, 19.8 percent, and 15.4 percent market shares.

Four out of the seven markets tracked by IDC's Storage Software Tracker grew at a double-digit pace in 2011 and continue to exhibit strong growth potential. Storage and device management as well as data protection and recovery helped to propel the market into record territory as the two functional markets increased 17.3 percent and 13.8 percent, respectively, during the quarter.

Though smaller in size, the archiving software market was also a high growth market with revenue up 12 percent during the calendar year and 7.3 percent year-over-year in 4Q11. There were also some large, high-profile acquisitions in 2011 that directly impacted archiving software market share. For example, Autonomy's acquisition of Iron Mountain was followed by HP's acquisition of Autonomy, which catapulted HP into the No. 2 market-share position behind IBM.

IDC's Worldwide Quarterly Storage Software QView is a quantitative tool for analyzing the global storage software market. This tracker counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family and region.


 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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