Storage software market grew 10 percent in Q4, says IDC

The industry achieved its fifth successive quarter of growth, according to estimates.

The storage software market recorded its fifth successive quarter of year-on-year growth at the end of 2010 with all five of the top-ranked players increasing sales during the quarter, according to estimates published on Monday.

The storage software market was worth US$3.4 billion in the fourth quarter of 2010, a jump of 10.6 percent from the same period in 2009, IDC said.

The largest single vendor was EMC, which notched up storage software revenue of $866 million, up 18 percent from a year earlier. Symantec ranked second but achieved just 0.1 percent growth, at $543 million.

Symantec's inability to increase its sales enabled IBM to close the gap on its rival, but the two companies remain separated by a wide margin. IBM came in third at $443 million. NetApp followed in fourth place at $312 million and Hitachi was ranked fifth at $148 million. Hitachi achieved the strongest growth of the top five companies, managing to increase sales 47 percent in the quarter, said IDC.

The storage software market has been growing since late 2009. For the full year of 2010, the market expanded by 10.3 percent to $12.7 billion and reversed a 3.2 percent contraction in 2009, said IDC.

"The storage software market is in the midst of a sustained recovery, which is partly driven by new product innovations, and partly by a strong desire to address inefficiencies related to storing, protecting, and managing corporate data," said Eric Sheppard, research director with IDC's Storage Software program, in a statement.

Within the segment, storage infrastructure software recorded the strongest growth at 23.6 percent last year. The data protection and recovery market remains the largest single sector. It was worth $4.4 billion last year, accounting for more than a third of the entire software storage industry, said IDC.

"A considerable increase in storage software designed to enable automated storage tiering, coupled with a continued market trend of addressing aging, inefficient storage deployments were two important drivers of market growth during the quarter," said Sheppard.

(IDC is a subsidiary of International Data Group, the parent company of IDG News Service.)

Martyn Williams covers Japan and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags symantecIDCIBMstoragehitachisoftwarenetappStorage Managementemc

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?