Storage News

Storage Software Market Shows Signs of Recovery

According to the International Data Corporation (IDC) Worldwide Quarterly Storage Software Tracker, the worldwide storage software market experienced solid growth in the first quarter of 2010 (1Q10) with revenues of $3.0 billion, representing 7.2% growth over the same quarter one year ago, but a 1.6% decrease from the previous quarter (4Q09). Also noted in this Business Wire report is that much of the overall growth came from the market's largest suppliers: EMC (up 13.7%), IBM (up 11.0%), HP (up 8.7%), NetApp (up 8.1%), and CA (up 7.2%). Not to be overlooked, however, was the 25% year-over-year growth coming from CommVault’s performance.

"The gains in the storage software market in the first quarter of the year were the result of overall growth from many of the leading vendors as well as the weak performance in 1Q09 due to economic conditions during that period. 'The gains in the storage software market in the first quarter of the year were the result of overall growth from many of the leading vendors as well as the weak performance in 1Q09 due to economic conditions during that period,' said Laura DuBois, program vice president, Storage Software at IDC. 'However, market demand for storage solutions has clearly returned, with five of the top six vendors showing positive growth year over year. Another quarter of growth will be a strong indicator that the storage software market is in recovery.'"