EMC Dominates Storage Software Market, According to IDC Quarterly Report

During the third quarter of this year, EMC increased domination over the storage software market while Symantec, the number two vendor, lost its previous position to IBM, according to reports prepared by IDC.

On Monday, IDC disclosed in their quarterly Worldwide Storage Software QView that revenue from the entire storage software industry during Q3 hit $3.5 billion - an increase of 9.7 percent from last year's third quarter.

EMC remained the top vendor with 10.3 percent year-over-year revenue to reach $847 million -or 24.5 percent of the storage software market.

Also, EMC became the biggest storage hardware vendor in the same quarter due to 22 percent revenue over sales of 2010 to earn $1.6 billion, the report further disclosed.

With $530 million, Symantec remains number two. But due to decline in the year-over-year growth rate with only 2.2 percent this year, Symantec gave way to IBM which had a revenue growth rate of 8.8 percent. If this trend continues, IBM will overtake Symantec soon, reports CNN.

In the report, IDC analysed seven segments of the storage software market; data protection and recovery software were the largest segments.