Storage remains one of the few bright spots in a struggling economy. Research firm IDC this week reported that the worldwide storage software market had revenues of $3.1 billion in the third quarter, an increase of 11.6 percent from the same quarter a year ago. It was the 20th consecutive quarter of year-over-year growth, the firm said.
Several vendors, including Symantec Corp. (Nasdaq: SYMC), IBM Corp. (NYSE: IBM), NetApp Inc. (Nasdaq: NTAP), and Hewlett-Packard Co. (NYSE: HPQ), also posted double-digit increases in quarterly sales.
IDC last week reported that that factory revenues for worldwide external disk storage systems increased 8.8 percent year-over-year to hit $4.9 billion in the third quarter. The overall market for disk storage systems grew 1.1 percent to $6.6 billion, IDC said.
James Baker, research manager for storage software at IDC, said the strongest software product categories were archiving, file systems, data protection and recovery, and storage management. "Archiving growth can be attributed to widespread compliance and active archiving projects. File Systems are showing strength as virtualization spreads to the storage arena. Data Protection and Recovery is growing because users are aware of dire consequences to the firm if their data is not available when it is needed," he said in a statement. "And Storage Management is moving ahead as more data is put under management and improved storage efficiencies are being achieved with thin provisioning and as various Green IT projects come on line."
IDC said EMC Corp. (NYSE: EMC) was the overall market leader with a 24.7 percent share of third quarter revenue. Symantec followed with 17.8 percent, IBM was third with 12.9 percent, and NetApp finished fourth with 8.5 percent. HP and CA Inc. (Nasdaq: CA) rounded out the top 5 in what IDC called a statistical tie with 4.3 percent and 4.0 percent, respectively.
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