Storage software revenue declined year-over-year for the first time in more than five years in the first quarter,...
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according to IDC's quarterly Worldwide Quarterly Storage Software Tracker.
"The storage software market had its first year-over-year decline in more than five years," said Michael Margossian, research analyst, storage software at Framingham, Mass.-based IDC. "The combination of the normally slow first quarter for most companies with the continued economic climate was displayed in this quarter's results. A majority of companies displayed either negative or very low year-over-year growth."
IDC said the device management, replication and infrastructure categories had the biggest declines. Symantec Corp. was the only vendor to grow revenue year-over-year, increasing 2.5%. Hewlett-Packard Co.'s 21.5% drop was the biggest fall, while market leader EMC Corp. slipped 14.5%.
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