According to IDC's Worldwide Quarterly Storage Software Tracker, the worldwide storage software market surpassed $1.9 billion in quarterly revenue for the first time in the third quarter of 2004, growing at robust pace of 19.1 percent year over year.
Continuing the momentum from last quarter, all of the major storage software functional markets posted double-digit revenue growth in the third quarter of 2004 when compared to the same quarter in 2003. The storage resource management market posted the largest gain at 27.3 percent year-over-year growth while the back-up and archive software market continued to represent the largest functional market, growing 17.4% year over year. The storage replication software and file system software markets also enjoyed strong results in the third quarter with 13.7 percent and 10.3 percent year-over-year growth, respectively.
EMC (the combined results of EMC and Legato) led the overall market this quarter with 31.8% revenue share, gaining the most market share among the top 5 vendor over the third quarter of 2003. VERITAS maintained its second position with 21.7 percent revenue share, growing 12.7 percent year over year. Computer Associates edged out HP and IBM for the third position with 8.8% revenue share. HP and IBM finished in a statistical tie for the fourth position. with 7.6 percent and 7.1 percent revenue share, respectively. HP and Computer Associates posted the strongest results among the top 5 vendors, with 30.2 percent and 29.1 percent year-over-year growth, respectively.
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