IDC: storage software market grew 11 percent last year

The storage software market grew 12.6 percent in 2005, IDC said on Monday.

Enterprises are buying more replication, backup and archiving storage software, according to market analyst IDC in its most recent quarterly storage software report.

In the fourth quarter of 2005, the storage replication software market grew 21.7 per cent, representing the largest storage software segment growth, IDC said.

Businesses increasingly need to protect and secure the information they collected and that demand was driving the growth in the replication, backup and archiving segments of the storage software market, IDC said. The growing volume of software sales in those segments wais also being driven by demand from businesses to protect their data throughout the business cycle, it said.

Sales in those segments helped drive the overall worldwide storage software market to grow by 12.6 per cent in 2005, with revenue reaching $US8.9 billion for the year, IDC found. For the fourth quarter, the market grew 11.2 per cent, marking the ninth consecutive quarter of double-digit year-over-year growth in storage software sales, IDC said.

EMC held on to the number one spot with 29.7 per cent market share in 2005, down fractionally from 30.1 per cent in 2004. Symantec came in second (20.3 per cent) and IBM third (10.5) for 2005.

Network Appliance had the biggest growth, with revenue up 45.4 per cent in 2005 compared to 2004, bringing its market share up to 6.6 per cent. IBM reported 26.8 per cent growth for the year.

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