The global storage software market continued to enjoy a "strong growth trajectory" in the second quarter of 2005, industry analysts reported today.
IDC's latest Worldwide Quarterly Storage Software Tracker said that the worldwide storage software market grew 11.8 per cent year over year to $2.1bn in the second quarter of 2005.
This represents the seventh consecutive quarter in which the market has experienced double-digit year-over-year growth.
"The storage software market continues its steady progress and pattern of double-digit growth, driven by customer awareness and concerns about expanding capacity and data protection," said Rhoda Phillips, research manager for storage software at IDC.
"Spending on storage software will continue to account for a greater proportion of the business investment required to meet these needs. This spending pattern reinforces IDC's expectation that storage software will post strong year-over-year growth in 2005."
The storage replication market posted the largest gain at 25.1 per cent year-over-year growth in the second quarter, while back-up and archive, and storage resource management software, each represented one third of the market.
The file systems software market once again enjoyed strong results in the second quarter with 19.8 per cent year-over-year growth.
EMC led the overall market with 30.6 per cent revenue share in the second quarter of 2005. Veritas maintained its second position with 19.8 per cent revenue share, while IBM finished third with 9.7 per cent revenue share, posting a strong result of 18 per cent year-over-year growth.
Network Appliance posted the strongest year-over-year growth for the quarter among the top five vendors at 49.4 per cent.
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