Spending on software for tasks such as backing up and archiving continued to soar in the first quarter, according to a new report. Market researcher IDC said Monday that revenue worldwide in the storage software market hit $1.85 billion in the first quarter, up 23.3 percent from the same period last year. Storage software revenue in theof 2003 was up 18 percent year over year to $1.78 billion
One factor in the latest binge is companies' desire to squeeze more out of their storage gear, said IDC analyst Bill North. "Year-over-year growth was particularly strong in storage resource management, driven by the adoption of software that helps increase operational efficiency and improve storage asset utilization," North said in a statement. EMC ranked as the top storage software vendor with 30.1 percent market share, followed by Veritas Software, Computer Associates International, IBM and Hewlett-Packard.