Market research firm International Data Corp. reports that storage software sales surged by almost 10 percent in the third quarter. The growth came as businesses rush to find better ways to manage their storage devices in the wave of data center virtualization, but it signals a good investment area for IT solution providers in the year to come.
The IDC Worldwide Storage QView found that storage software revenue in the third quarter reached $3.5 billion, which is the second biggest quarter ever for this particular software category. Ironically the first biggest quarter was actually the first quarter of 2011.
So, overall, this has been a bang-up year for storage software, a trend that is likely to continue into 2012.
The press release about the new market numbers quotes Eric Sheppard, research director for IDC’s storage software program:
“Demand for storage software remains at all-time highs. The market has broadly exited the recent phase of product refresh, yet sales continue to increase at impressive rates as users and suppliers come together to help improve the way organizations utilize, manage and protect their valuable corporate data and storage resources.”
The biggest beneficiaries of the sales explosion where EMC, Symantec and IBM, which all experienced double-digit growth in the quarter.
The three biggest growth areas within the storage software sector were:
- Archiving software
- Storage and device management software
- Data protection and recovery software