Storage software market continues to rise

The storage software market continued to grow in the second quarter of 2010, according to IDC.

In its Worldwide Quarterly Storage Software Tracker, IDC said the market experienced continued gains in the second quarter of 2010 with revenues of nearly $3.0 billion. This showed a 3.3 percent growth over the same quarter one year ago, but a 2.3 percent decrease from the first quarter of 2010.

The gains in the storage software market in the second quarter were largely the result of overall growth from some of the large suppliers. The growth for the quarter came from EMC, which was up 13.3 percent year over year, IBM which was up 10.6 percent and NetApp – up 6 percent.

It said that from a segment perspective, growth is coming from spending in four segments of storage software: data protection and recovery which was up 4.9 percent year over year, archiving which was up 8.2 percent, storage management up 5.8 percent, and storage infrastructure taking the lead in the growth spurt up 12.7 percent.

The storage software revenue growth of 3.3 percent is in line with worldwide external disk storage systems factory revenues, which posted year-over-year growth of 20.4 percent, totalling $5.0 billion in the second quarter of 2010.