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September 10, 2014

Global storage software market revenue rises 6.3% in Q2

EMC, IBM, and Symantec topped the list of vendors.

By CBR Staff Writer

Global storage software market increased by 6.3% during the second quarter of 2014, with its revenues reaching nearly $3.8bn, a new IDC report reveals.

According to IDC’s Worldwide Storage Software QView data protection & recovery software sales reported 10.2% rise to $1.45bn, while sales of storage infrastructure software rose by 10.8% to $448m.

During the quarter, storage & Device Management Software also increased by 4.1% year over year to $708m.

EMC, IBM, and Symantec topped the list of vendors with respective market shares of 25.9%, 16.0%, and 13.3%, the report added.

IDC Storage Software research director Eric Sheppard said: "The storage software market experienced broad growth across most functional markets in the second quarter.

"Sales of data protection and recovery software accounted for almost 60% of the net-new spending during the quarter, driven by a market-wide move to improve application resiliency, continued uptake in appliance-based offerings, and healthy attach rates within the integrated systems market."

Sales of software-defined storage platforms (SDS-P) contributed to just 3.5% of the overall market value, while reported 15.7% growth during the quarter.

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