Storage Software Market and Most Sub-Markets Decline: IDCBy eChannelLine | Posted 2009-06-09 Email Print
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The slowdown in software is a direct result of stalled storage hardware sales, as customers look to wring as much from existing infrastructure as possible.
The storage software market had its first year-over-year decline in more than five years according to IDC's latest Worldwide Quarterly Storage Software Tracker. The market experienced its first decline in 21 consecutive quarters of year-over-year growth in the first quarter of 2009 (1Q09) with revenues of $2.8 billion, representing minus-5.2 percent growth over the same quarter one year ago.
IDC officials said the combination of the normally slow first quarter for most companies with the continued economic climate was displayed in this quarter's results. A majority of companies displayed either negative or very low year-over-year growth.
"The storage software market did experience declines based primary on the current economic conditions. Storage hardware revenues were down (though capacity shipments were up) so revenue of software associated with the hardware would naturally be done," commented Steven Scully, research manager, IDC. "The fact that storage software revenues overall declined less than hardware revenues is an indication that customers were looking for solutions that allow them to gain efficiencies from their existing storage infrastructures.
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