EMC Leads Storage Software Market, but IBM Gains Ground

By Chris Preimesberger  |  Posted 09-11-2006

EMC continues to enjoy a substantial lead in both market share and total revenue in the worldwide storage software market, but third-place IBM is increasing its year-over-year revenue growth at a surprising rate, according to a quarterly report released Sept. 11 by IDC.

EMC, based in Hopkinton, Mass., owned 26 percent of the world storage software market with revenues of $654 million in Q2 2006, IDC reported, but it has lost ground from a year ago, when it had 30 percent.

On the other hand, IBM, of Armonk, N.Y., has gained 2.5 percentage points from a year ago and improved its revenues by a noteworthy 35 percent year-over-year in claiming 12.5 percent of the market with $311 million in sales.

Symantec, of Cupertino, Calif., is the clear No. 2 in the category with $468 million in sales in Q2, good for 19 percent of the market.

Read the full story on eWEEK.com: EMC Leads Storage Software Market, but IBM Gains Ground