Storage software market declines for first time in five years
Storage software market drops by 5.2%, IDC reports
The storage software market declined by 5.2% in Q109 compared to the same quarter last year, according to IDC, marking the first drop in the market for over five years.
The storage software market had revenues of $2.8 billion in the quarter, down from $2.95 billion in the first quarter of 2008. All segments of the storage software market declined, IDC said.
Michael Margossian, research analyst, Storage Software at IDC commented: “The storage software market had its first year-over-year decline in more than five years. The combination of the normally slow first quarter for most companies with the continued economic climate was displayed in this quarter's results. A majority of companies displayed either negative or very low year-over-year growth.”
“On a yearly basis, a majority of the sub-markets declined from the previous year's first quarter. Predominantly affected were the Device Management, Replication, and Infrastructure markets, all segments closely aligned with the storage systems themselves. File System and Management software were able to grow amidst the current economic climate," added Laura DuBois , IDC's research director for Storage Software. "The overall Storage Software market was pulled down by the underperforming large companies that make up a bulk of the sub-markets, once they start to recover, they will bring the entire market up with them."
EMC continued to lead the software storage market, with 21.8% of revenue share, despite a 14.5% drop in revenue growth. Symantec stayed in second place, with 18.9% revenue share, while IBM is in third position with 12.2% revenue share. NetApp finished in the fourth position with 8.3% revenue share while CA and HP rounded out the top 5 with 4.3% and 3.5%.