IDC: Strong Growth In Storage Last Year

Yearly worldwide growth hit 8 percent for the storage market, according to IDC report.

The worldwide storage market grew in 2003 thanks in part to a strong fourth quarter, according to the latest IDC Worldwide Quarterly Storage Software Tracker released on Monday.

Worldwide storage software revenue hit $6.3 billion in 2003, up 8 percent over the $5.8 billion sold in 2002, according to Framingham, Mass.-based IDC.

For the full year in 2003, EMC Corp. retained the number one spot, with storage software sales of $1.9 billion, or 30.7 percent of the entire market. Veritas Software Corp. came in second, with $1.3 billion in sales, or 21.3 percent of the market.

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