The rest of the storage industry may be taking its time to climb out of the hole, but the storage software market appears to be experiencing a full-blown rebound: Market analysis firm IDC released its Worldwide Quarterly Storage Software Tracker numbers today, showing that the global storage software market jumped 7.3 percent during the second quarter this year to $1.6 billion (see IDC: Storage Software Up 7.3% Q/Q).
Not impressed? Compared with the measly 0.9 percent growth the storage software market experienced from 2000 to 2001, its actually quite a feat (see IDC Sees Storage Software Boom).
And this is just the beginning, IDC claims. In July this year, the firm predicted that the storage software market would reach a whopping $13.6 billion by 2006.
Accelerated by a growing fear of disasters and an increasing emphasis on data protection, storage replication software showed the most sequential growth, leaping 8.5 percent compared to the first quarter of 2003, IDC says. Meanwhile, backup and archive software continued to make up the largest segment of the storage software market, growing 7.3 percent during the quarter.
Backup, archive, and replication software will continue to grow as security becomes a bigger issue, says Fred Broussard, one of the IDC analysts who worked on the report.
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