Worldwide Storage Software and Public Cloud Market Shares, 4Q18: Fourth Quarter Caps Off Impressive Growth for Both Markets
This IDC study provides a brief overview of the worldwide storage software and basic storage (infrastructure as a service [IaaS]) market performance during the fourth calendar quarter of 2018 (4Q18) and full year 2018."The storage software market finished the year strong, growing 4.5% year to year in the fourth quarter of 2018. This quarter caps off an impressive year of growth for the market, which expanded 6% annually in 2018, after a difficult 2017," said Andrew Smith, research manager, Infrastructure Systems, Platforms, and Technologies Group, IDC. "The relatively high growth of storage software in 2018 was driven by three key trends. First, the enterprise storage systems market also grew in 4Q18, dragging system-related software sales. Second, the continued expansion of public cloud IaaS creates opportunity for cloud-based secondary storage solutions for data protection, archive, and data management. Finally, the storage software market benefits from the relentless growth in storage data volume and complexity, which creates opportunity for software solutions to expand their functionality and generate additional value."
Please Note: Extended description available upon request.
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