Worldwide Storage Software Market Experiences Double Digit Growth in the First Quarter of 2011, According to IDC

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- According to the International Data Corporation (IDC) Worldwide Storage Software QView, the worldwide storage software market ended the first calendar quarter of 2011 (1Q11) with revenues of nearly $3.5 billion, which was a 12.4% increase over the same quarter one year ago.

Once again, the storage infrastructure market experienced the highest year-over-year growth of 29.3%, which took the functional market to $333 million in total 1Q11 revenues. Data protection and recovery remained the largest functional market by a considerable margin. Sales in this market segment surpassed $1.4 billion for the quarter, which was an increase of 12.7% over 1Q10.

"The storage software market experienced another quarter of double-digit year-over-year growth, which was partly driven by continued demand for recently refreshed products as well as a general desire to improve the way corporate data is stored and protected," said Eric Sheppard, research director with IDC’s Storage Software program. "New storage technologies that help drive improved asset utilization and operational expenses clearly appeal to many IT departments. This, coupled with a demand for data protection and business continuity, has helped to drive the growth in the storage software market."

Top 5 Vendors, Worldwide Storage Software Revenue, for the First Quarter of 2011

(Revenues are in Millions)

Source: IDC Worldwide Quarterly Storage Software Tracker, June 2011.

Taxonomy Note: IDC has updated its storage software taxonomy to reflect changes in the market over the last several years. The storage software taxonomy now includes seven functional markets: data protection and recovery, archiving (including email archiving), storage replication, storage and device management, storage infrastructure, file system, and "other".

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.

For more information about IDC's Worldwide Quarterly Storage Software Qview, please contact Hoang Nguyen at 508-935-4718 or hnguyen@idc.com.

About IDC

is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 47 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.

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CONTACT:

IDC
Laura DuBois, 508-988-7990
ldubois@idc.com
or
Eric Sheppard, 508-988-7925
esheppard@idc.com
or
Michael Shirer, 508-935-4200
press@idc.com

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