Storage Software Market Continues on Its Growth Trajectory in the Third Quarter, According to IDC

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

Press Release, 12/7/10

According to the International Data Corporation (IDC) Worldwide Quarterly Storage Software Tracker, the worldwide storage software market experienced continued gains in the third quarter of 2010 (3Q10) with revenues of $3.1 billion, representing 8.7% growth over the same quarter one year ago, and a 6.3% increase from the previous quarter (2Q10).

“The gains in the storage software market in the third quarter were largely the result of overall growth from some of the large suppliers. Among the top five suppliers, EMC and NetApp both showed double digit growth with 13.9% and 19.8% respectively, in year-over-year growth,” said Laura DuBois, program vice president, Storage Software at IDC. “From a segment perspective, the strongest growth is coming from double digit spending in three segments of storage software: data protection and recovery (up 10.7% year over year), archiving (up 12%), and storage infrastructure (up 37.3%).

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