Veritas tops storage software charts

Veritas continues to rein over the industry’s other storage software providers, according to Gartner. And, although the Middle East is bereft of its own market data, the vendor believes its global dominance is reflected locally.

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By  Matthew Southwell Published  May 5, 2003

Veritas continues to rein over the IT industry’s other storage software providers, according to Gartner Group. And, although the Middle East is bereft of its own market data, the vendor believes its global dominance is reflected throughout the region.

“Although there is a lack of concrete analyst data for the Middle East’s storage market, we believe that Gartner’s findings are reflected in this region as well, based on our consolidations in the banking, energy and telecoms sectors,” says Mike Hynes, regional manager for Veritas Software Middle East.

Gartner reports that Veritas led the US$3.2 billion non-array-based software market with 27.6% cent of market revenues in 2002, a 12.9% over its closest competitor. The analyst house also puts the vendor atop of the backup/recovery and volume management segments of the software market, and identifies Veritas as the company with the most rapid market share growth in replication.

“In 2003, we expect to see continued opportunities in our core, established markets as well as in storage resource management and replication, as we bring new technologies and products to the Middle East and integrate our recent acquisitions,” comments Hynes.

“Veritas will continue to perform well in the Middle East because of the strong demand here for storage, which is driven by a vibrant and growing economy. With so many companies coming to this region to set up offices, and increasing awareness that data is an organisation’s most vital asset, Veritas is set to maintain its market leadership,” he adds.

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