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- 21 April 2004 11:08
New Report Confirms EMC Led Storage Management Software Market For Fifth Straight Year
EMC Number One in $US5 Billion Global Market in 2003, Ahead of Nearest Competitor By Nearly Ten Share Points
HOPKINTON, Mass. – April 21, 2004 – EMC Corporation, the world leader in information storage and management, was once again the world’s number one provider of storage management software in 2003, leading this strategically important growth market for the fifth consecutive year. EMC is expected to be one of the world’s ten largest software providers in 2004.
According to the newly released Gartner Dataquest storage management software market share report*, EMC led the $US5 billion storage management software market in 2003 with 28.3 per cent revenue share, nearly ten points ahead of the nearest competitor. EMC demonstrated leadership in the three fastest-growing segments of the storage software market: Storage Resource Management (SRM), Data Replication, and Hierarchical Storage Management (HSM) & Archiving.
Howard Elias, EMC’s Executive Vice President of Corporate Marketing and Office of Technology, said, “EMC’s storage software is directly linked to the enabling role our software plays in helping customers implement information lifecycle management (ILM) solutions. EMC stands alone in its ability to offer the widest range of best-in-class, market-leading software, platforms and services to make the benefits of ILM a reality for customers today.”
Elias added, “It’s clear from our most recent quarter’s financial results that EMC software, even without the benefit of our recent acquisitions, is accelerating in momentum, posting 26 per cent revenue growth in the first quarter of 2004 compared to the year-ago quarter. In addition, our acquisitions have added tremendous products and capabilities to our core portfolio, providing even more choice and flexibility in storage and infrastructure management.”
"Organisations in Asia Pacific are now realising the benefits that Storage Management Software provides. The focus on storage a couple of years ago was on the hardware and it is now very much on the software." says Phil Sargeant, Asia Pacific Gartner Research Director for Servers and Storage.
Including revenues from LEGATO, Documentum and VMware, EMC’s overall software license revenue grew 62 per cent in the first quarter of 2004, as measured on a year-to-year basis and as stated in EMC’s earnings announcement last week.
About EMC EMC Corporation is the world leader in products, services and solutions for information storage and management that help organisations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC’s products and services can be found at www.EMC.com.
*Gartner Dataquest "Market Share: Storage Management Software, Worldwide, 2003", C. DiCenzo. April 2004.
PowerPath, SRDF and TimeFinder are registered trademarks and ControlCenter is a trademark of EMC Corporation. This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies associated with the acquisitions of LEGATO Systems, Inc., Documentum, Inc. and VMware, Inc.; (iv) competitive factors, including but not limited to pricing pressures; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC’s filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
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