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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.'”
