Storage software up 11.4% in Q1-Q3 2003

Sales of software used by businesses to store and backup data rose to $4.7 billion in the first three quarters of this year, a gain of 11.

Sales of software used by businesses to store and backup data rose to $4.7 billion in the first three quarters of this year, a gain of 11.4% from the same period in 2002, according to a survey by market researcher International Data Corp. Over that time, sales of data-storage hardware slipped 2%, more evidence that technology managers are shifting resources from hardware to software as budget pressures ease. Sequentially, storage software sales rose 4.2% from the second quarter to the third - a surprising increase since the technology world is habitually more quiet during the third quarter's summer months.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All