Worldwide Storage Software and Public Cloud Market Shares, 1Q18: Storage Systems Growth Creates New License Windfall and Drives Significant Storage Software Revenue Expansion
This IDC study provides a brief overview of the worldwide storage software and basic storage (infrastructure as a service [IaaS]) market performance during the first calendar quarter of 2018 (1Q18)."After a difficult 2017, the storage software market bounced back, growing 4.7% in 1Q18, in large part because of the expansion of the storage systems market," said Andrew Smith, senior research analyst, Storage Software. "Systems sales dragged a significant amount of new license revenue within the storage software market in 1Q18. This license growth, coupled with the continued growth of public cloud-based archiving and backup solutions, resulted in the highest quarterly growth rate in the storage software market in more than four years."
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