EMC, IBM and Symantec Top Storage Software Suppliers

According to the International Data Corporation (IDC) Worldwide Storage Software QView, the storage software market experienced its seventh consecutive quarter of year-over-year growth during the second quarter of 2011 (2Q11).

EMC (NYSE: EMC), Symantec (NASDAQ: SYMC), and IBM (NYSE: IBM) were the top ranking storage software suppliers with 24.5%, 15.8% and 14.1% market shares respectively. All suppliers covered within the Qview experienced year-over-year increases in storage software sales, suggesting demand for storage software was far reaching and went well beyond simple product refresh cycles, said IDC.

“The total market value approached $3.4 billion during the quarter, up 11.3 percent over the same period last year.


 

“‘The far-reaching and double-digit storage software market growth was driven by quite a few factors,’ said Marshall Amaldas, senior research analyst with IDC’s Storage Software program. ‘New product introductions, simplified pricing & bundling, ongoing modernization of data protection processes, a need to improve management of storage within virtual environments, and desire to mitigate against legal and IT risks were all important contributors to growth. The fact that all of this is occurring during times of elevated economic uncertainty makes the market growth even more impressive.'”

Read the Full Research Highlights at MarketWatch

Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.

Latest Articles

Vulnerability Scanning, Vulnerability Assessments, and Vulnerability Management: What You Need to Know

Vulnerability scanning, vulnerability assessment, and vulnerability management offer different approaches to security. Learn how they work together.

Cloud Storage Pricing in 2023: Everything You Need to Know

Cloud storage pricing is complex. Learn the basics of cloud storage pricing and how to find the best deal for your business.

Flash vs. SSD Storage: Is there a Difference?

Many people use the terms “flash” and “SSD” interchangeably when discussing solid state drives (SSDs)—even experts. While the two technologies are very closely related,...