Storage Software Market Posts Double-Digit Growth

   Research firm IDC has released its quarterly worldwide storage-software market statistics, which show that the storage market grew 17.7 percent in fourth quarter 2003 compared to the same period in 2002. The growth, which brought the market to a total revenue of $1.78 billion, was the second consecutive quarter of positive growth and continues a trend of growth in the industry. According to the report, revenue grew 8 percent in 2003, which translates to an almost $500 million increase in revenue. "As we begin to move away from the most recent downturn, the storage software market is enjoying the positive effects of data centers, which are investing heavily to secure, manage, and protect their digital assets," said John McArthur, group vice president of storage research at IDC.
   All the major storage software market segments saw double-digit revenue growth in fourth quarter 2003. The backup and archive segment benefited the most, posting growth of 17.6 percent, followed by the Storage Resource Management (SRM) segment with 16.2 percent and the storage replication segment with 14.7 percent. For 2003 overall, the SRM segment posted the strongest revenue growth, with 11.3 percent.
   EMC , which benefited from the acquisition of storage software developer LEGATO Software (formerly Legato Systems), led the overall market with a 31.7 percent revenue share. EMC was followed by VERITAS Software , with a 21.9 percent share; Computer Associates (CA), with a 9.8 percent share; IBM , with an 8.3 percent share; and HP , with a 7.3 percent revenue share. HP saw the largest growth over the same period in 2002, increasing revenues by 28 percent.

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