Storage Software Market Tops $3.4 Billion in Revenues: Report

By Erin Harrison March 07, 2011

The worldwide storage software market is growing, according to a report issued today by International Data Corporation. The global market ended the fourth quarter of 2010 with revenues of $3.4 billion, a 10.6 percent increase over the same quarter one year ago, marking the fifth consecutive quarter of year-over-year growth for the market.

The storage infrastructure market experienced the highest calendar year growth of 23.6 percent, which took the functional market to $1.2 billion in total sales. Data protection and recovery remained the largest functional market by a considerable margin. Sales in this market segment surpassed $4.4 billion for the year, which was an increase of 11.2 percent.

The largest single vendor was EMC, which notched up storage software revenue of $866 million, up 18 percent from a year earlier. Symantec ranked second but achieved just 0.1 percent growth, at $543 million. IBM and NetApp both follow with revenues of $442.9 million and $311.7 million respectively. Hitachi had the largest increase among the top five companies, 47 percent, with $148.4 million in revenue.

The storage software market has been growing since late 2009 and is the midst of a “sustained recovery,” according to Eric Sheppard, research director with IDC’s Storage Software program.

“The storage software market is in the midst of a sustained recovery, which is partly driven by new product innovations, and partly by a strong desire to address inefficiencies related to storing, protecting, and managing corporate data,” Sheppard said. “A considerable increase in storage software designed to enable automated storage tiering, coupled with a continued market trend of addressing aging, inefficient storage deployments were two important drivers of market growth during the quarter.”

For the full year of 2010, the market expanded by 10.3 percent to $12.7 billion and reversed a 3.2 percent contraction in 2009, according to IDC.




Erin Harrison is Executive Editor, Strategic Initiatives, for TMC, where she oversees the company's strategic editorial initiatives, including the launch of several new print and online initiatives. She plays an active role in the print publications and TechZone360, covering IP communications, information technology and other related topics. To read more of Erin's articles, please visit her columnist page.

Edited by Jennifer Russell

Executive Editor, Strategic Initiatives

SHARE THIS ARTICLE
Related Articles

Bloomberg BETA: Models Are Key to Machine Intelligence

By: Paula Bernier    4/19/2018

James Cham, partner at seed fund Bloomberg BETA, was at Cisco Collaboration Summit today talking about the importance of models to the future of machi…

Read More

Get Smart About Influencer Attribution in a Blockchain World

By: Maurice Nagle    4/16/2018

The retail value chain is in for a blockchain-enabled overhaul, with smarter relationships, delivering enhanced transparency across an environment of …

Read More

Facebook Flip-Flopping on GDPR

By: Maurice Nagle    4/12/2018

With GDPR on the horizon, Zuckerberg in Congress testifying and Facebook users questioning loyalty, change is coming. What that change will look like,…

Read More

The Next Phase of Flash Storage and the Mid-Sized Business

By: Joanna Fanuko    4/11/2018

Organizations amass profuse amounts of data these days, ranging from website traffic metrics to online customer surveys. Collectively, AI, IoT and eve…

Read More

Satellite Imaging - Petabytes of Developer, Business Opportunities

By: Doug Mohney    4/11/2018

Hollywood has programmed society into believing satellite imaging as a magic, all-seeing tool, but the real trick is in analysis. Numerous firms are f…

Read More