Storage software market grows by 10 percent

Iria · Dec 14, 2005, 04:26 PM

The worldwide storage software market grew 10 percent year-on-year to $2.1 billion in the third quarter of 2005, making eight consecutive quarters of double-digit year-on-year growth, research company IDC said Monday.

Storage replication made the largest gain with 16.8 percent year-on-year growth, while the back-up and archiving markets increased by 12.7 percent.

This growth was due to increasing demand for information protection, recovery and retrieval, the greater prevalence of remote working, and the need for compliance to regulations, IDC said.

"We see strong demand in the backup, archive and replication segments driven by fundamental user requirements to protect, recover, and retrieve information, not only in the data center but also in remote and branch office locations," Laura DuBois, research director for storage software at IDC, said in a statement.

"This demand is in response to drivers such as application availability and business continuance, disaster recovery, and regulatory compliance," DuBois said.
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Dec 14, 2005, 04:26 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Storage software market grows by 10 percent The worldwide storage software market grew 10 percent year-on-year to $2.1 billion in the third quarter of 2005, making eight consecutive quarters of double-digit year-on-year growth, research company IDC said Monday. Storage replication made the largest gain with 16.8 percent year-on-year growth, while the back-up and archiving markets increased by 12.7 percent. This growth was due to increasing demand for information protection, recovery and retrieval, the greater prevalence of remote working, and the need for compliance to regulations, IDC said. "We see strong demand in the backup, archive and replication segments driven by fundamental user requirements to protect, recover, and retrieve information, not only in the data center but also in remote and branch office locations," Laura DuBois, research director for storage software at IDC, said in a statement. "This demand is in response to drivers such as application availability and business continuance, disaster recovery, and regulatory compliance," DuBois said. ____________ Read More / Source: News.com