FRAMINGHAM, Mass.--(EON: Enhanced Online News)--Results from the International Data Corporation (IDC) Worldwide Storage Software QView show that worldwide storage software market revenues increased 4.1% year over year to nearly $3.5 billion in the second quarter of 2013 (2Q13).
“Data protection & recovery software and storage & device management software were the two biggest sources of growth this quarter”
"Data protection & recovery software and storage & device management software were the two biggest sources of growth this quarter," said Eric Sheppard, research director, Storage Software at IDC. "Once again, organizations continued to invest in storage software that improves the resiliency and operational efficiencies within their storage infrastructure."
EMC, IBM, and Symantec were the top ranking storage software suppliers with 25.6%, 16.0%, and 14.8% market share, respectively. Veeam and CommVault experienced the largest organic growth during the quarter with 99.7% and 20.5% year-over-year growth, respectively.
Among the storage software market segments, Data Protection & Recovery software revenues were up 8.9% year over year to nearly $1.3 billion. Storage & Device Management software revenues experienced year-over-year growth of 9.1%, reaching $674 million in 2Q13.
IDC's Worldwide Quarterly Storage Software QView is a quantitative tool for analyzing the global storage software market. This Tracker counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family, and region.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 49 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.