PodTech News: Storage Software Continues to Soar

06:44 | Admin | Dec 14th, 2005 3:48pm |

SAN FRANCISCO December 12, 2005 (PodTech News) - The storage software market has been on a two-year growth spurt. The research firm IDC says the industry posted its 8th straight quarter of year-over-year double-digit growth.

IDC reports that in the July through September quarter of this year the market grew 10 percent compared to the same period a year ago. Storage software makers, globally, brought in $2.1 billion in the quarter. EMC dominated the market by taking 29.1 percent of all revenue. Symantec — which purchased the storage software maker Veritas — was second with 20 percent.

Data storage has become a much more powerful tool as developers continue to add more functionality to the software that manages it. Where once it was enough to merely banish old data, companies need information to be readily available and usable for litigation, regulatory compliance, and other needs.

Replication has also become important because it allows companies to mirror large amounts of data and have it readily usable, rather than having to run the data through archival software before accessing it. Network Appliance benefited greatly, showing a 42.5 percent revenue jump, based on demand for replication software.

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