Storage software market grows for fifth successive quarter

Pro

8 March 2011

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 recently published estimates.

The storage software market was worth $3.4 billion (€2.44 billion) in the fourth quarter of 2010, a jump of 10.6% from the same period in 2009, IDC said.

The largest single vendor was EMC, which notched up storage software revenue of $866 million (€623 million), up 18% from a year earlier. Symantec ranked second but achieved just 0.1% growth, at $543 million (€383 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 (€318 million). NetApp followed in fourth place at $312 million (

 

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