IT security 'driving storage software market'
Wednesday, June 11, 2008
The market for storage network software is currently being driven by IT security concerns, it has been revealed.
Analyst IDC explains that businesses are increasingly turning to software which helps to maintain IT security across their storage networks.
The assertion is based on figures which show an annual increase in sales of such software to the first quarter of 2008, despite seasonal effects which typically see revenue drop at the start of the year.
Research analyst at the firm Michael Margossian says: "The first quarter of the calendar year can be slow for some vendors but the market showed relatively strong growth from a year ago."
In all, the market grew in value by 9.4 per cent in the year ending with the first three months of 2008.
The analyst previously recommended that firms "future-proof" their IT security investments in light of increasing expenditure on such solutions from corporate customers.
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