Storage Software Market Keeps Growing

September 13th, 2006: IDC’s storage tracker is showing yet more increases in the storage market, this time demonstrating an 8.6% growth in the worldwide storage software market.

Showing quaterly growth, the tracker put the storage software market’s year-over-year growth at US$2.5 billion for the second quarter of 2006. This marks the eleventh consecutive quarter of growth, with no signs of a slow down ahead.

"With customers buying and installing record amounts of storage hardware capacity, the need for storage software has never been greater," says Rhoda Phillips, research manager for IDC storage software. "Among the larger sub-segments, the storage replication market has shown consistently strong growth over the past several quarters and is expected to continue growing for the next several years."

In the second quarter of 2006, storage replication demonstrated 13.2% year-over-year growth, while the smaller but rapidly-growing archive and hierarchical storage management market posted 32.0% year-over-year growth.

"Buyers are particularly interested in replication software to help ensure that their disaster recovery and business continuity plans are viable, in planning for recovery from any unwelcome and unpredictable events that might occur," says Phillips.

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