Storage Software Market Ends 2010 with Strong Growth, According to IDC

IDC Press Release, 3/7/11

According to the International Data Corporation (IDC) Worldwide Storage Software QView, the worldwide storage software market ended the fourth quarter of 2010 (4Q10) with revenues of $3.4 billion. This represented a 10.6% increase over the same quarter one year ago, and marks the fifth consecutive quarter of year-over-year growth for the market.

Full year 2010 sales of storage software increased 10.3% to $12.7 billion, which is a striking contrast to the 3.2% contraction the market experienced in 2009. The storage infrastructure market experienced the highest calendar year growth of 23.6%, 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%.

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