Good news for managed services providers (MSPs) offering backup and disaster recovery (BDR) solutions. Storage software revenue increased in the first quarter this year led by strength in data protection and recovery software, according to a report from International Data Corp. (IDC). Here are the details.
The worldwide storage software market grew by 3.2 percent during the first quarter of 2013 compared to the same quarter of 2012. Revenue during the quarter climbed to $3.6 billion.
Eric Sheppard, research director for storage software at IDC pulled out the key areas of strength in the market. "Demand was strongest for data protection and recovery software as well as storage and device management software. This was driven by a broad need for data resiliency, improvements to operational efficiencies, and better insights into installed data center infrastructure."
Data protection and recovery software revenues were also up, showing a 7.6 percent year over year increase, reaching up to $1.3 billion. Storage and device management software revenues grew 7.3 percent year over year to $706.6 million.
The IDC Worldwide Storage Software QView analyzes the global storage software market quantitatively. The firm's tool counts new license and maintenance revenues quarterly. It also provides data segmentations by vendor, submarket, functional product family, and region.