Worldwide storage software market increases during first quarter: IDC

According to IDC, the market has increased 3.2 percent during the first quarter of 2013 compared to a year-ago quarter.

The worldwide storage software market increased 3.2 percent during the first quarter of 2013 compared to a year-ago quarter, according to data collected by research firm IDC.

Spearheading the growth is the increased demand for data protection and recovery software, as well as for the software needed to manage storage and devices.

According to IDC, the top three vendors in the overall storage software market were EMC, IBM, and Symantec, with revenue-based market of 23.9 percent, 16.8 percent, and 14.7 percent, respectively.

Veeam and CommVault experienced the biggest year-on-year growth over the quarter, pulling in growth of 35.4 percent and 23.0 percent respectively, according to IDC.

"Overall sales of storage software improved during the first quarter of 2013," said Eric Sheppard, Research Director, Storage Software at IDC. "Demand was strongest for Data Protection & Recovery software as well as Storage & Device Management software. This was driven by a broad need for data resiliency, improvements to operational efficiencies, and better insights into installed data center infrastructure."

Overall, data protection and recovery software revenues were up 7.6 percent year-on-year, increasing to $1.3 billion. Storage and device management software revenues grew by 7.3 percent year-on-year, hitting $706 million in all.

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