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Worldwide Storage Software Market Starts the Year on Solid Ground

22 Jun, 2004

Worldwide Storage Software Market Starts the Year on Solid Ground

According to IDC’s Worldwide Quarterly Storage Software Tracker, the worldwide storage software market grew 23.3% year-over-year in the first quarter of 2004, reaching $1.85 billion in total revenue and representing two quarters of consecutive year-over-year growth. Sequential growth over the fourth quarter of 2003 was flat.

"Companies demand increasingly reliable, available, and efficient storage infrastructures," said John McArthur, group vice president at IDC. "With continued constraints on staff, data centers are leveraging storage software to achieve their goals. The growth that we are seeing in this already substantial market is testimony to the pivotal role that storage software plays in corporate IT."

Continuing the momentum from 2003, all of the major storage software segments posted double-digit revenue growth in the first quarter of 2004 when compared to the same quarter in 2003. The storage resource management market posted the largest gain at 32.3% year-over-year growth while the back-up and archive software market continued to represent the biggest market segment, growing 22.0% year-over-year. The storage replication software and file system software markets also enjoyed strong results in the first quarter with 18.1% and 12.4% year-over-year growth, respectively.

"Storage software overcame seasonal spending patterns during the first quarter, strengthening our expectation of continued growth during the remainder of 2004," said Bill North, research director for Storage Software. "Year-over-year growth was particularly strong in storage resource management, driven by the adoption of software that helps increase operational efficiency and improve storage asset utilization. The data protection markets showed continued strength as well, supporting the increasing requirements for disaster recovery and regulatory compliance capabilities."

Although each of the top 5 vendors posted double-digit year-over-year growth, EMC, Computer Associates, and VERITAS performed better than the overall market in the quarter. EMC (the combined results of EMC and Legato) led the overall market this quarter with 30.1% revenue share, gaining 2.7 points when compared with the first quarter of 2003. VERITAS maintained its second position with 22.8% revenue share followed by Computer Associates with 9.5% share.


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