Storage Software Market Continues Its Growth, IDC Reports

By Chris Preimesberger  |  Posted 2006-06-12 Print this article Print

Worldwide sales for the storage software market have grown by double digits over the past five years and will nearly double by 2011, IDC said.

The worldwide storage software market grew in double digits again—10.2 percent year over year to $2.4 billion in the first quarter of 2006—marking 10 consecutive quarters of double-digit year-over-year growth, IDCs Worldwide Quarterly Storage Software Tracker reported June 12. In Q1 of 2006, the storage replication market demonstrated a 15.2 percent year-over-year growth.
In addition, the smaller but fast-growing archive and HSM (hierarchical storage management) market posted a 30.2 percent year-over-year growth, IDC said.
Storage software continues to be one of the fastest-growing segments in the tech market. Worldwide sales for the storage software market have grown by double digits over the past five years and will nearly double by 2011—from $7.88 billion in 2004 to $13.67 billion in 2009, IDC said. EMC led the overall market this quarter with 25.4 percent revenue share in the first quarter of 2006. Symantec took the second position with 20.1 percent revenue share, while IBM was third with 12.6 percent revenue share. IBM grew by 41 percent in the past year and was the only vendor among the top three to increase its revenue share (9.8 percent to 12.6 percent). EMC dropped in market share to 25.4 percent from 29.2 percent a year ago. Symantec fell slightly, from 21.1 percent to 20.1 percent in the last year. Network Appliance finished fourth with 7.6 percent revenue share. Computer Associates and HP rounded out the top five in a statistical tie with 5.5 percent and 5.4 percent revenue share, respectively. Click here to read more about the state of the storage market. Three out of the top five vendors (IBM, Computer Associates and Network Appliance) posted robust results with more than 30 percent year-over-year revenue growth each. "The storage software market has maintained a steady pace of growth driven by increased attention to data protection and business continuance planning," said Rhoda Phillips, research manager for IDC storage software. "Businesses are concerned about their expanding information storage requirements and will continue to make investments to meet these needs." IDC has updated its storage software taxonomy to reflect changes in the market over the last several years. For 2006, the storage software taxonomy includes eight functional markets: data protection and recovery, archive and hierarchical storage management (including e-mail archiving), storage replication, storage management, storage device management, storage infrastructure, file system and "other." Check out eWEEK.coms for the latest news, reviews and analysis on enterprise and small business storage hardware and software.
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 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 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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