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have to-recognize: Why Symantec is a leader in advice administration
should-know: Symantec Corp's 1Q15 earnings evaluation (half 9 of 13)
(persisted from half eight)
Symantec’s tips management working segment
Symantec’s (SYMC) suggestions management working section contains of backup like NetBackup, recuperation, and data archiving items. in the first quarter of 2015 (1Q15), this segment contributed 37% of the entire revenues.
The previous chart indicates the market share held via different avid gamers in the backup product market. Google (GOOGL) force leads the market at 22%. Microsoft (MSFT) SkyDrive and Apple (AAPL) iCloud grasp a 15% and 10% market share, respectively. Symantec, with its Norton 360 online Backup, held a 5% market share.
In November 2013, Symantec discontinued its Backup Exec cloud provider. It became a pure cloud-based mostly providing designed for small groups to backup facts. but it lacked cell and sync facets, a necessity in today’s expertise area, which ended in its closure.
Symantec has a powerful place in the backup market
In 2013, IDC stated that Symantec commanded a 30% market share in backup. NetBackup appliance posted a 35% year-on-year increase, making it one of the most company’s quickest growing to be organizations. The company has disclosed it’s accelerated investments in cloud-based mostly catastrophe healing capabilities, partnering with Microsoft Azure. It anticipates that cloud-based mostly catastrophe recuperation will be a multi-billion dollar market. records Corp. expects the Cloud storage market to surpass $7.2 billion through 2014.
New and differentiated choices anticipated in fiscal year 2015
all over 1Q15, Symantec released appliances—together with Backup Exec 2014, commercial enterprise Vault eleven.0, and disaster recuperation Orchestrator—that automates and manages disaster restoration of windows-based applications dwelling on both physical or virtual machines to the Microsoft Azure cloud. right through fiscal 12 months 2015, it plans to unlock NetBackup and IT Resiliency that bridge heterogeneous infrastructure and comprises on‐premise and cloud ability.
Rising competition in backup and restoration space
The rising competition in backup and recovery area can also be gauged from the rising investments by way of based leaders like EMC (EMC), IBM (IBM), and CommVault programs (CVLT) during this space. Free utility offered by means of AVG technologies (AVG) and Avast in the purchaser segment provides fuel to the competitors and adds to Symantec’s woes.
proceed to half 10
Browse this series on Market Realist:
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