IDC: A-P storage software market to triple by 2007

Sales of software related to data storage grew 48 percent over the past year in the Asia-Pacific (excluding Japan) region and is at the forefront of business and IT thinking in companies, IDC said Monday in a research report. IDC expects the market to show a CAGR (compound annual growth rate) of 25 percent per year over the next five years, when sales will be three times as high as they are today.

The most common forms of storage software are backup and archive software, storage replication software and storage resource management, according to IDC.

Storage replication software and storage resource management now account for about half of the user spending and represent the fastest-growing sector of the market. Backup and archive software account for 38 percent of end-user spending in this market.

Asia-Pacific does not have many big corporations needing massive data collections and related management tools. Instead, it has a great many mid-sized companies who suffer from the absence of scalable, affordable and manageable storage systems, IDC said.

Market interest over the next five years will lean towards more complex and strategic solutions such as storage resource management, according to IDC.

EMC Corp. remains the leading vendor of storage software in Asia-Pacific, with a market share of 33 percent, and having nearly doubled regional revenue between 2000 and 2001. Veritas Software Corp. and Computer Associates International Inc. (CA) ranked second and third, with market shares of 15 percent and 10 percent.

But these companies face renewed competition from Sun Microsystems Inc. and Storage Technology Corp., which have both cited storage software as a key focus area from 2002 onwards. Both enjoyed successful years, with Sun growing revenue by 67 percent over the last year and Storage Technology by 61 percent, IDC said.

IDC is a subsidiary of International Data Group Inc., the parent company of IDG News Service.

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