Infotech Lead India: EMC, Symantec, and IBM are the top ranking storage software suppliers with 25.3 percent, 14.8 percent, and 14.7 percent market shares, respectively.
CommVault and Hitachi experienced the largest organic growth during the quarter with 21.8 percent and 10.2 percent year-over-year increases.
IDC said storage software market increased 1.4 percent during the third quarter of 2012 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,” Sheppard added.
Data Protection & Recovery software revenues were up 4.3 percent year over year to $1.24 billion while Storage & Device Management software revenues totaled $652.6 million for 5.1 percent year-over-year growth.
Recently, IDC said EMC is leading the external disk storage systems market with 30 percent share in the third quarter of 2012.