EMC last year strengthened its position as market leader in storage management software, according to a new report from research company Dataquest.
Overall, the market grew 28 per cent in 2000 to be worth $5.3bn with the top 10 vendors controlling 87 per cent of the market and the top four almost 70 per cent.
EMC increased its market share by six per cent to 25.5 per cent on revenues of $1.34bn (up 67 per cent), more than nine percentage points and $485m in revenue than its closest competitor, which is now Veritas Software.
Veritas increased revenues from $504.7m in 1999 to $855m (up 69 per cent) and leapt from fourth to second in the rankings, overtaking IBM/Tivoli and Computer Associates (CA).
CA was the biggest loser, seeing revenues fall from $798.7m to $612.7m as it fell from second to fourth and watched its market share fall from 19.5 per cent to 11.3 per cent. IBM/Tivoli grew revenues by almost a fifth, but lost 1.6 market share points as it retained third place on 16.1 per cent.
Rounding out the top 10, with market shares of between 4.3 and 1.7 per cent were BMC Software, Network Appliance, StorageTek, Compaq, Legato and Hewlett Packard.
Dataquest analyst Carolyn DiCenzo said that EMC was now reaping the rewards from research and development work in the early 1990s.
"Some vendors, however, don't understand how to leverage their software effectively. EMC got it right early on and didn't have to try to recover from the 'giveaway' strategy plaguing some of the other vendors," she said.
Separately, EMC said on Thursday that its storage software revenues for the first three months of 2001 were 73 per cent higher than a year ago.
Overall, the company said that profits for the three months to March rose 20 per cent year on year to $399m on revenues of $2.34bn, 29 per cent higher than in the same period last year.
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