Storage Management Software Market Declines In 2002

The worldwide storage management software market declined by 6% in 2002, with license revenue reported at $4.7 billion, Gartner Inc. said. That decline is the first-ever for this market, the Stamford, Conn.-based research firm said. "Only three of the top 10 vendors were able to grow software revenue in a very challenging year," said Carolyn DiCenzo, vice president of Gartner's storage group said. "Infrastructure and data management software will remain under pressure as long as server and array sales are depressed. Device and storage resource management tools continue to report growth."