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Storage Software Market Sees Continued Strong Demand as Revenues Increased 6.1% During the Third Quarter of 2014, According to IDCResults from the International Data Corporation (IDC) Worldwide Storage Software QView show the worldwide storage software market increased 6.1% year over year during the third calendar quarter of 2014 (3Q14). Revenue during the quarter totaled nearly $3.8 billion. "Storage software sales were up across all functional markets, but software-defined storage platforms sales clearly led the pack," said Jingwen Li, Research Analyst, Storage Software at IDC (News - Alert). "Up 39.4% year over year, the software-defined storage platforms market is benefiting from an increased desire to control costs by utilizing commodity hardware when building storage systems." EMC maintained its position as the leading storage software supplier with a worldwide market share of 27.2%, followed by IBM (14.2%) and Symantec (News - Alert) (12.8%). Data protection and recovery software sales were up 6.1% year over year to $1.4 billion in sales. Sales of storage infrastructure software were up 6.5% year over year to $421.5 million. And storage and device management software sales were up 7.3% year over year to $734 million. IDC's Worldwide Quarterly Storage Software QView is a quantitative tool for analyzing the global storage software market. This QView counts new license and maintenance revenues quarterly and provides data segmentations by vendor, submarket, functional product family, and region. About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com. Follow IDC on Twitter (News - Alert) at @IDC.
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