NetApp Moving Up in Storage Software Market
The former "little file server company" is closing in on IBM's third place market position, according to IDC.Network Appliance continues to improve its position behind longtime market leaders EMC, Symantec and IBM in the world storage software market, according to a Dec. 10 report from IDC's Worldwide Quarterly Storage Software Tracker. NetApp, whose strategy is to convince enterprises that it is not simply a "good little file server maker but a full enterprise storage provider," according to CEO Dan Warmenhoven, grew its quarterly revenue a whopping 31.1 percent in the third quarter. That far out-performed quarterly growth by IBM (16.5 percent), Symantec (12.5 percent) and the market leader EMC (1.7 percent).
The storage hardware, software and services provider reported revenue of $302 million for the third quarter, which is good for 10.9 percent of the overall world market. That number is quickly closing in on IBM's 12.4 percent market share, which was based on $345 million in revenue.