Worldwide storage software market revenue in the third quarter of 2010 grew by 8.7% year on year to $3.1bn, an increase of 6.3%compared to second quarter of 2010, according to a report by International Data Corporation (IDC).
The Worldwide Quarterly Storage Software Tracker report revealed that all the three segments of storage software recorded a double digit spending with data protection and recovery up 10.7% year-over-year, archiving was up by 12% and storage infrastructure increased by 37.3% year-over-year.
According to IDC, EMC topped vendors list with 24.4% market share and revenues of $768m, Symantec and IBM stood at second and third with market share of 16.5% and 13.4%, respectively.
NetApp registered market share of 8.4%, followed by CA with 3.3%, while Hewlett-Packard registered at drop of 0.6 percentage points in its market share to 3.2% compared to 3.8% in the same quarter previous year.
IDC storage software program vice president Laura DuBois said customers continue to rearchitect their backup and recovery approaches in light of consolidation, ongoing data growth, and infrastructure changes with all three factors driving continued spending in data protection.
"Archiving deployments are fueled by a combination of regulatory, legal, and IT efficiency motivations and lastly, we are seeing increased spending on the infrastructure side as a result of interest in automated storage tiering," DuBois said.
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