Storage software market declines during Q103

The worldwide storage software market experienced a modest decline in the first quarter of this year, according to IDC. However, unlike previous downturns, the market’s 9% drop compared to 4Q02 is inline with seasonal patterns.

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By  Matthew Southwell Published  July 22, 2003

The worldwide storage software market experienced a modest decline in the first quarter of this year, according to IDC. However, unlike previous downturns, the market’s 9% drop compared to 4Q02 is inline with seasonal patterns, as opposed to economic downturns or political instability.

"The modest decline in storage software revenue for 1Q03 is consistent with typical seasonal patterns in this market, and is in line with our forecasts for growth in 2003," says Bill North, research director for IDC’s storage software service.

The overall market achieved US$1.4 billion in 1Q03, with new license revenues accounting for nearly 76%. Backup and archive storage software remained the largest market segment, followed by storage resource management and storage replication. Revenues were down for all three market segments from the fourth quarter of 2002, again due to normal seasonal variations. Storage replication software experienced the greatest revenue reduction at 11%.

"IDC expects storage resource management software to lead the pace for growth in storage software as customers adopt new policy management and automation tools in their continuing efforts to improve storage management efficiency,” adds Paul Mason, group vice president for IDC’s infrastructure software research.

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