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According to the latest Worldwide Storage Software Qview by IDC, the storage software market grew in the second quarter of 2011, with a total market valuation of $3.4 billion during the quarter, up 11.3% over the same period last year. And, EMC cornered nearly 25% market share followed by Symantec, and IBM with 15.8% and 14.1% market shares respectively. Whereas, Hitachi clocked the highest percentage growth followed by HP.Read More…

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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.Read More…