Storage Software Sales Experience Slower Growth

[Techtaffy Newsdesk]

The worldwide storage software market closed the first quarter of 2012 (1Q12) higher than same quarter from one year ago,  says IDC.  But the overall worldwide storage market is growing at a slower rate than had been experienced at any time in the last two years. Revenue during 1Q12 increased 3.3% year over year to $3.5 billion.

While the market continues to see healthy demand for storage software products, the rate of growth within the market has slowed to levels not seen since 2009. “The first quarter saw decidedly mixed results,” said Eric Sheppard, research director, Storage Software at IDC. “Incremental spending attributable to recent product refreshes have run their course within some functional markets, such as storage infrastructure software. Meanwhile, continued fine-tuning of product pricing, packaging and messaging is helping to draw out new investments within other markets, such as the Data protection and recovery market.”

EMC, IBM, and Symantec were once again the top ranking storage software suppliers with 24%, 15.7%, and 14.8% market shares, respectively. CommVault and IBM experienced the largest organic growth during the quarter with 26.2% and 18.4% year-over-year increases. HP’s recent acquisition of Autonomy helped drive 72.6% year-over-year growth for the company during the quarter.

Data Protection and Recovery and Archiving Software were the two fastest growing sub-markets with year-over-year growth rates of 5.5% and 5.0% respectively, generating $1.25 billion and $411 million in total revenues. Companies with more than 1,000 employees made up the biggest component of the market with $1.6 billion in storage software investments during the quarter. Sales were flat within this segment of the market, however, at 0.4% year over year. Storage software investments within Government and Education were also relatively flat, experiencing only 1.2% year-over-year revenue growth. Small and medium sized companies (i.e., companies with fewer than 500 employees) drove a considerable amount of market growth during the quarter, increasing 8.8% compared to 1Q11.

[Image Courtesy: IBM]

Just in

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence

Staff say Dell’s return to office mandate is a stealth layoff, especially for women — The Register

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes – AKA workforce reductions," writes Thomas Claburn. 

Orkes raises $20M

Cupertino, CA-based Orkes, a company focused on the scaling of distributed systems, has raised $20 million.

Motorola Solutions appoints Nicole Anasenes to board

Motorola Solutions announced the appointment of Nicole Anasenes to its board of directors. Ms. Anasenes has over two decades of experience in leadership roles across software and services, market development, acquisitions, and business transformation.