FRAMINGHAM, Mass.--(BUSINESS WIRE)--The storage software market experienced its seventh consecutive quarter of year-over-year growth during the second quarter of 2011 (2Q11), according to the International Data Corporation (IDC) Worldwide Storage Software QView. The total market value approached $3.4 billion during the quarter, up 11.3% over the same period last year. This double-digit growth broadly aligned with increased investments made within the server and disk storage systems markets during the same quarter, an indication that storage software sales benefited from expansive investments made within the infrastructure space.
Five of the seven functional markets covered within the Worldwide Storage Software Qview grew at double-digit or high single-digit rates during the quarter. Storage Infrastructure Software and Storage & Device Management Software experienced the strongest gains with 22.6% and 17.3% year-over-year growth respectively. Data Protection and Recovery Software sales accounted for 34.2% of market value and were the largest contributor to incremental revenue for the quarter compared to one year ago.
EMC, Symantec, and 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.
"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"
Top 5 Vendors, Worldwide Storage Software Revenue, for the Second Quarter of 2011
(Revenues in $ Millions)
| Vendor |
2Q11 Revenue |
2Q11 Market Share |
2Q10 Revenue |
2Q10 Market Share |
2Q11/2Q10 Growth |
|||||
| 1. EMC | $827 | 24.5% | $722 | 23.9% | 14.5% | |||||
| 2. Symantec | $533 | 15.8% | $488 | 16.1% | 9.2% | |||||
| 3. IBM | $477 | 14.1% | $436 | 14.4% | 9.4% | |||||
| 4. NetApp | $298 | 8.9% | $297 | 9.8% | 0.5% | |||||
| 5. Hitachi* | $147 | 4.4% | $83 | 2.8% | 76.5% | |||||
| 5. HP* | $131 | 3.9% | $96 | 3.2% | 35.7% | |||||
| Other | $957 | 28.4% | $905 | 29.9% | 5.8% | |||||
| Total | $3,370 | 100.0% | $3,028 | 100.0% | 11.3% |
Source: IDC Worldwide Quarterly Storage Software Qview, September 2011.
* Note: IDC declares a statistical tie in the worldwide storage software market when there is less than one percent difference in the revenues of two or more vendors.
Taxonomy Note: IDC has updated its storage software taxonomy to reflect changes in the market over the last several years. The storage software taxonomy now includes seven functional markets: data protection and recovery, archiving, storage replication, storage and device management, storage infrastructure, file system, and "other".
IDC's Worldwide Quarterly Storage Software Qview is a quantitative tool for analyzing the global storage software market. This Tracker counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family, and region.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 47 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
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