December 10, 2007 - According to IDCs Worldwide Quarterly Storage Software Tracker, the worldwide storage software market experienced its 16th consecutive quarter of year-over-year growth in the third quarter of 2007 with revenues of $2.8 billion, a 9.8 percent increase over the same quarter one year ago.
The archiving market grew 13.6 percent year-over-year, driven by e-discovery, regulatory compliance and overall storage optimization needs. Data protection and recovery, while down from 2Q07, had strong year-over-year growth of 13.1 percent. This growth was perpetuated by five out of the top six vendors having double-digit growth over 3Q06.
EMC led the overall market with 25.6 percent revenue share in the third quarter of 2007. Symantec took the second position with 17.0 percent revenue share, while IBM finished in the third position with 12.4 percent revenue share. Network Appliance finished in the fourth position with 10.9 percent revenue share. Again, CA and HP rounded out the top 5 in a statistical tie, both with a 4.3 percent revenue share.
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