Storage Software Market Driven
Storage Software Market Driven by Ongoing Demand for Archiving and Replication Applications
Storage Software Market Driven by Ongoing Demand for Archiving and Replication Applications
According to IDC's Worldwide Quarterly Storage Software Tracker, the worldwide storage software market experienced its 17th consecutive quarter of year-over-year growth in the fourth quarter of 2007 with revenues of $2.9 billion, an 11.2% increase over the same quarter one year ago. For the full year 2007, storage software revenues totaled $10.9 billion, growing 10.4% year over year.
“Overall market growth was up more than 11% year over year, which was driven primarily by a strong performance in the archiving market. In addition, three out of the top four vendors in the data protection market and in the replication market posted double digit growth rates for the quarter,” according to Michael Margossian, research analyst, Storage Software at IDC. “The final quarter in the calendar year continues to provide strong showings for most vendors across the board.”
The archiving market grew 18.6% year over year, driven by e-discovery, regulatory compliance, and overall storage optimization needs. Data protection and recovery had strong year-over-year growth of 11.5%. This growth was perpetuated by four out of the top six vendors experiencing double-digit growth over 4Q06.
EMC led the overall market with 26.0% revenue share in the fourth quarter of 2007. Symantec took the second position with 17.9% revenue share, while IBM finished in the third position with 12.5% revenue share. NetApp finished in the fourth position with 8.3% revenue share while HP rounded out the top 5 with 5.2% revenue share.
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