Storage Software market shows revival signs

Storage Software market delivers good growth and continued signs of recovery in the first quarter

BY IT NEXT BUREAU  |  08 June 2010

New Delhi: This has been seen that much of the overall growth has 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 Comm Vault’s performance. Much of the overall growth was due to the release of storage spending following budget freezes in 2009. The storage software revenue growth of 7.2% is in line with worldwide external disk storage systems factory revenues, which posted a year over year growth of 17.1%, totaling $5.0 billion, in the first quarter of 2010.

"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."

Data protection and recovery, the most material of all the storage software segments, was up 10.6% from a year ago. EMC, CommVault, IBM, and HP all enjoyed double digit year-over-year growth in this segment. EMC and CommVault had the strongest year-over-year growth with revenues up 46.6% and 24.9% respectively for data protection and recovery.


Related Articles


So, which of these COOL VENDORS do you know?
10 Consumer trends to impact tech, media & service providers
Finally, an Indian IT firm crosses $10 billion in revenue

Comments

There is no comment for this story, please post a comment.

Post new comment

The content of this field is kept private and will not be shown publicly.
13 + 3 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Loading

resources

  • toolkit
  • whitepaper
  • report

What IT Pros Need to Know about Cloud

IT Managers and CIOs need to keep updated on what the cloud offers and how they can build technical capacity

Now, a new breed of consumers: Smartphonatics

Smartphonatics are consumers who change their shopping or financial behavior as a result of owning a smartphone

TD-LTE: Global Market Scenario

Globally, mobile data traffic is likely to grow at a high rate due to adoption of high bandwidth services.

Improving Performance of 3G, IMS, and LTE Networks

Mobile data traffic is skyrocketing, and based on current trends, traffic levels will not level off in near future.

MORE

Green Computing Report

The role of IT in the push towards environmental sustainability

Altering project history: Seven keys to success

Ways to effectively communicate with senior management on project management

MORE

opinion poll

Which cloud model do you think will be most successful?



Poll result

Public cloud   (11%)
 
Private cloud   (44%)
 
Hybrid cloud   (44%)
 



view older polls