Worldwide Storage Software Market Sustains Double-Digit Growth in Second Quarter of 200512 September 2005
The worldwide storage software market continued on its strong growth trajectory in the second quarter of 2005. According to IDC's Worldwide Quarterly Storage Software Tracker, the worldwide storage software market grew 11.8% year over year to $2.1 billion in 2Q05. This is the seventh consecutive quarter the market has experienced double-digit year-over-year growth.
"The storage software market continues its steady progress and pattern of double-digit growth, driven by customer awareness and concerns about expanding capacity and data protection," said Rhoda Phillips, research manager for IDC Storage Software. "Spending for storage software will continue to account for a greater portion of the business investment required to meet these needs. This spending pattern reinforces IDC's expectation that storage software will post strong year-over-year growth in 2005."
The storage replication market posted the largest gain at 25.1% year-over-year growth in the second quarter, while the back-up and archive and storage resource management software markets continued to represent the largest storage software markets, with each representing one third of the market. The file systems software market once again enjoyed strong results in the second quarter with 19.8% year-over-year growth.
EMC led the overall market with 30.6% revenue share in the second quarter of 2005. VERITAS maintained its second position with 19.8% revenue share, while IBM finished in the third position with 9.7% revenue share, posting a strong result of 18.0% year-over-year growth. HP and Network Appliance rounded out the top 5 in a statistical tie with 6.7% and 6.6% revenue share, respectively. Network Appliance posted the strongest quarterly result among the top 5 vendors, with 49.4% year-over-year growth.
Top 5 Vendors, Worldwide Storage Software Revenue, Second Quarter
of 2005
(Revenues are in Millions)
Revenue
2Q05 Market 2Q04 Market Growth
Vendor Revenue Share Revenue Share 2Q05/2Q04
----------------------------------------------------------------------
EMC $657 30.6% $581 30.2% 13.1%
VERITAS $425 19.8% $397 20.6% 7.0%
IBM $209 9.7% $177 9.2% 18.0%
Hewlett-Packard $145 6.7% $136 7.1% 5.9%
Network Appliance $143 6.6% $95 5.0% 49.4%
Others $571 26.6% $535 27.9% 6.7%
All Vendors $2,149 100.0% $1,922 100.0% 11.8%
Source: IDC Worldwide Quarterly Storage Software Tracker, Q205
IDC's Worldwide Quarterly Storage Software Tracker is a quantitative tool for analyzing the global storage software market. This Tracker counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family, and region. It further characterizes the storage resource management (SRM) and storage replication markets by the execution location of the software within the host, fabric, appliance or storage system.
For more information about this product, please contact Hoang Nguyen at 508-935-4718 or hnguyen@idc.com.
About IDC
IDC is the premier global market intelligence and advisory firm in the information technology and telecommunications industries. We analyze and predict technology trends so that our clients can make strategic, fact-based decisions on IT purchases and business strategy. Over 700 IDC analysts in 50 countries provide local expertise and insights on technology markets. Business executives and IT managers have relied for 40 years on our advice to make decisions that contribute to the success of their organizations.
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Contacts
IDCe
Rhoda Phillips, 508-988-7556
rphillips@idc.com
or
Hoang Nguyen, 508-935-4718
hnguyen@idc.com
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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