It’s a good day to be in the storage software business, it seems. IDC just released a new report showing that the storage software business will grow by 7.8% in 2011, with $13.8 billion in revenue. This is due to “pent up demand” and IT budgets finally getting approved this year, after a couple of years of stagnation or decline:
IDC’s research director storage software, Eric Sheppard, said the storage software market spent 2010 recovering from a difficult downturn, but “fortunately, there was plenty of pent-up demand and new product innovations to help create momentum in the market.”
“Looking forward, demand for storage software appears poised to remain strong around the world as organizations continue to address inefficiencies related to storing, protecting, and managing corporate data,” Sheppard added.
Promising stuff. For Gluster, this is good for 2 reasons:
- There’s more $$$$ being thrown at storage software solutions, and
- This market is still ripe for disruption
One need only look at the outlandish fees charged by established players for inflexible, complicated storage software to know that there’s room for companies, like Gluster, willing to deliver more value for a lower price.