Storage Software Produces Record Revenues


Storage Software Produces Record Revenues

Bangalore:  The sales of storage software have hit all-time high record, last year in 2011 the sales of this software generated a whooping $14 billion revenue, according to IDC a market research firm. Storage software sales hiked upto 10.5 percent year over year to almost $3.8 billion in the fourth quarter of 2011 making it biggest sales quarter ever on record and helped push the full year revenue total up 11.6% over 2010 to a record high of $14.16 billion reports Lucas Merian in computerworld.com

EMC, IBM and Symantec -topped storage software suppliers with 25.7%, 19.8% and 15.4% of the market respectively, according to IDC's Worldwide Storage Software QView report. During the study the research firm also discovered that four of the seven storage software markets that IDC tracks grew at a double-digit pace in 2011 and continue to exhibit strong growth potential. The four markets that grew at a faster rate include: Storage Replication Software, Data Protection and Recovery Software, Storage Infrastructure Software and Storage and Device Management Software.

Among the above mentioned four markets Storage & Device Management and Data Protection & Recovery software are said to have generated highest revenues in the fourth quarter with 17.3% and 13.8% growth, respectively reports IDC.

"Despite being a mature market, Data Protection & Recovery sales benefited greatly by the challenges introduced by virtualization and the requirement to guarantee high standards of recovery point objective (RPO) and recovery time objective (RTO) within these environments," said Eric Sheppard, research director for storage software at IDC.

The Archiving software market also witnessed a significant growth, with revenue up 12% during the calendar year and 7.3% year-over-year in the fourth quarter. "Growth in the archiving segment continues to be fueled by the adoption of cloud-based archiving solutions and growth in unstructured file data in both physical and cloud infrastructure," said Marshall Amaldas, senior research analyst for IDC's Storage Software Group.