Storage Software Market Sees Continued Strong Demand as Revenues Increased 6.1% During the Third Quarter of 2014, According to IDC

(pressebox) Framingham, MA, 16.12.2014 - Results from the International Data Corporation (IDC) Worldwide Storage Software QView show the worldwide storage software market increased 6.1% year over year during the third calendar quarter of 2014 (3Q14). Revenue during the quarter totaled nearly $3.8 billion.

"Storage software sales were up across all functional markets, but software-defined storage platforms sales clearly led the pack," said Jingwen Li, Research Analyst, Storage Software at IDC. "Up 39.4% year over year, the software-defined storage platforms market is benefiting from an increased desire to control costs by utilizing commodity hardware when building storage systems."

EMC maintained its position as the leading storage software supplier with a worldwide market share of 27.2%, followed by IBM (14.2%) and Symantec (12.8%). Data protection and recovery software sales were up 6.1% year over year to $1.4 billion in sales. Sales of storage infrastructure software were up 6.5% year over year to $421.5 million. And storage and device management software sales were up 7.3% year over year to $734 million.

IDC's Worldwide Quarterly Storage Software QView is a quantitative tool for analyzing the global storage software market. This QView counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family, and region.

Companies Covered:

EMC Corporation, IBM, Symantec Corporation

Regions Covered:

United States

Topics Covered:

Data protection and recovery software, Disk-based data protection, Hardware, Software, Storage software