Worldwide storage software market experiences double digit growth in Q1 2011

FRAMINGHAM, USA: According to the International Data Corp.(IDC) Worldwide Storage Software QView, the worldwide storage software market ended the first calendar quarter of 2011 (1Q11) with revenues of nearly $3.5 billion, which was a 12.4 percent increase over the same quarter one year ago.

Once again, the storage infrastructure market experienced the highest year-over-year growth of 29.3 percent, which took the functional market to $333 million in total 1Q11 revenues. Data protection and recovery remained the largest functional market by a considerable margin. Sales in this market segment surpassed $1.4 billion for the quarter, which was an increase of 12.7 percent over 1Q10.

"The storage software market experienced another quarter of double-digit year-over-year growth, which was partly driven by continued demand for recently refreshed products as well as a general desire to improve the way corporate data is stored and protected," said Eric Sheppard, research director with IDC’s Storage Software program. "New storage technologies that help drive improved asset utilization and operational expenses clearly appeal to many IT departments. This, coupled with a demand for data protection and business continuity, has helped to drive the growth in the storage software market."

Top 5 Vendors, Worldwide Storage Software Revenue, for Q1 2011 (Revenues are in Millions)Source: IDC Worldwide Quarterly Storage Software Tracker, June 2011.