FRAMINGHAM, Mass.--(BUSINESS WIRE)--Results from the International Data Corporation (IDC) Worldwide Storage Software QView show the worldwide storage software market increased 1.4% during the third quarter of 2012 (3Q12) compared to the same quarter of 2011. Revenue during the third quarter totaled $3.46 billion.
"Overall growth within the storage software market was suppressed due to reduced investments in Archiving software, Storage Infrastructure software, and Storage Replication software," said Eric Sheppard, research director, Storage Software at IDC. "This was offset by increased investments in Data Protection & Recovery software as well as Storage & Device Management software as companies continue to look for new features that enable modern data protection and efficient storage and device management."
EMC, Symantec, and IBM were the top ranking storage software suppliers with 25.3%, 14.8%, and 14.7% market shares, respectively. CommVault and Hitachi experienced the largest organic growth during the quarter with 21.8% and 10.2% year-over-year increases.
Data Protection & Recovery software revenues were up 4.3% year over year to $1.24 billion while Storage & Device Management software revenues totaled $652.6 million for 5.1% year-over-year growth.
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.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.