Storage Software market grows at fast pace, says IDC

According to the newly relaunched IDC Worldwide Semiannual Storage Software Tracker,  the worldwide storage software market is expected to grow 7.8% year over year in 2011 with revenues reaching nearly $13.8 billion.

CommVault and HDS achieved the most impressive growth rates among all the storage software vendors.

“The storage software market spent 2010 recovering from a difficult downturn. Fortunately, there was plenty of pent-up demand and new product innovations to help create momentum in the market. Looking forward, demand for storage software appears poised to remain strong around the world as organizations continue to address inefficiencies related to storing, protecting, and managing corporate data.” said Eric Sheppard, research director, Storage Software, IDC.

Of the 55 storage software vendors covered in the Tracker, EMC and Symantec held the top 2 positions for the second half of 2010 (2H10). Combined, the two vendors accounted for nearly 41% of the global market. Within the top 10, there were six vendors that outperformed the global market in terms of growth: Autonomy, CommVault, EMC, HDS, IBM, and NetApp.

For HDS, the growth was largely driven by its performance in three major functional markets – Storage Infrastructure Software, Archiving Software, and Data Protection and Recovery Software. Commvault’s growth was based primarily on its performance in the Data Protection and Recovery functional market. CommVault also experienced strong growth (greater than 20%) in several country markets (Australia, Germany UK, and the United States) during the second half of 2010.