Results from the latest International Data Corporation (IDC) Worldwide Storage Software QView show the worldwide storage software market increased 1.4% during the third quarter of 2012 (3Q12) compared to the same quarter of 2011. Revenue during the third quarter totalled $3.46bn.
“Overall growth within the storage software market was suppressed due to reduced investments in Archiving software, Storage Infrastructure software, and Storage Replication software,” said Eric Sheppard, research director, Storage Software at IDC.
“This was offset by increased investments in Data Protection & Recovery software as well as Storage & Device Management software as companies continue to look for new features that enable modern data protection and efficient storage and device management.”
EMC, Symantec, and IBM were found to be the top ranking storage software suppliers with 25.3%, 14.8%, and 14.7% market shares, respectively. CommVault and Hitachi experienced the largest organic growth during the quarter with 21.8% and 10.2% year-over-year increases.
According to IDC, Data Protection & Recovery software revenues were up 4.3% year over year to $1.24bn while Storage & Device Management software revenues totalled $652.6m for 5.1% year-over-year growth.
