Storage Software Market Grows Worldwide

   Following last week's news about IDC's Worldwide Disk Storage Systems Quarterly Tracker, IDC released information about storage software from its Worldwide Quarterly Storage Software Tracker. The report concludes that the overall storage software market grew 7.3 percent in second quarter 2003 compared to first quarter 2003, reaching $1.6 billion in second quarter 2003. The most popular segment of the storage software industry was the storage replication sector, which saw a sequential growth of 8.5 percent. Backup and archive software, the largest segment of the storage software market, saw 7.3 percent sequential growth. The Software Resource Management (SRM) market had the smallest growth, with only 6.1 percent sequential growth. "The markets for both storage replication software and backup and archive software are being accelerated by renewed customer emphasis on data protection and disaster recovery, as well as recent record retention and retrieval regulations. Meanwhile, the Storage Resource Management market faces continued budget priority pressures, which accounts for its more modest gains," said Bill North, research director for Storage Software at IDC.

   The top five storage software markets and their ranking have remained unchanged since fourth quarter 2002. EMC leads the group with revenue of $399 million and a 26 percent revenue share, up 1.5 percent from first quarter 2003. VERITAS Software is number two, with $322 million and 21 percent revenue share, which is unchanged from the preceding quarter. Rounding out the rest of the list is Computer Associates (CA), with $142 million and 9 percent revenue share; IBM, with $134 million and 9 percent revenue; and HP, with $107 million and 7 percent revenue share.

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