Driven by strong demand in storage resources management software, the global storage software market grew by a healthy 16.9 per cent year-over-year to clock up $1.85bn in total sales in the second quarter of 2004.
According to analyst IDC's latest Worldwide Quarterly Storage Software Tracker, storage resources management now represents the largest market for storage software, growing more than 30 per cent year over year.
Back-up and archive products continued to be a healthy market, with 9.2 per cent year-over-year growth.
The storage replication software and file system software functional markets also enjoyed strong results in the first quarter, with 13.5 per cent and 18.5 per cent year-over-year growth respectively, IDC noted.
"Effective storage resource management is the foundation for delivering an efficient, reliable and highly available storage infrastructure regardless of company size," said Bill North, storage software research director at IDC, in a statement.
"Device and storage area network management software use grew by 36 per cent compared with the second quarter of 2003.
"This dramatic growth, driven primarily by customer need to support larger and more complex storage networks, combined with a gradual decline in the more mature back-up and archive software market, made storage resource management the largest of the storage software markets for the first time."
According to the report, EMC and Veritas posted the strongest results among the top five vendors, with 30.5 per cent and 23.4 per cent year-over-year growth respectively.
EMC led the overall market this quarter with 32.5 per cent revenue share, gaining 3.4 points over the second quarter of 2003. Veritas maintained its second position with 22.6 per cent revenue share, gaining more than one point of market share year over year.
IBM and HP both gained ground on Computer Associates, resulting in a three-way statistical tie for third position, IDC said.
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