IT managers are increasing their spending on storage software as they try to keep up with compliance, data protection and management issues, says a new report from IDC.
According to the analyst, worldwide storage software sales are growing more than twice as fast as storage hardware sales.
Storage software sales grew 14.9% year on year, with IT managers spending $2.1bn in the first quarter of 2005. This marks the sixth consecutive quarter of double-digit year-on-year growth.
In a separate study of storage hardware sales, IDC found that total disc storage systems sales grew at 6% in the first quarter, year on year.
Rhoda Phillips, IDC research manager for storage software, said, “Spending growth related to data protection, including replication, backup and archive software, is an indicator of customers’ continued concerns about application availability, data management and business continuity.”
Top 5 storage software sellers in Q1 2005
Source: IDC, June 2005