India’s external storage market grew 16.4 percent YoY by vendor revenue and stood at USD 101.8 million in 2Q19, according to IDC.
Dell Technologies continued to lead with a 29.6 percent market share by vendor revenue, followed by Hewlett Packard Enterprise with 15.4 percent market share in 2Q19.
Dell Technologies witnessed strong YoY growth of 32.5 percent in 2Q19, from key wins in Banking, Professional Services, and Manufacturing.
Revenues of HPE and IBM fell during the one-year period.
The growth was primarily driven by the investments from Professional Services and Banking organizations. Infrastructure modernization, technology refresh and investments on emerging technologies were the key segments that promoted the growth.
All-Flash Arrays (AFA) witnessed a significant growth of 33.4 percent YoY, which contributed 30.4 percent to the overall external storage systems market. Banking, Telecommunications, and Manufacturing were the key verticals, which saw strong YoY growth for all-flash arrays (AFA) in 2Q19.
Across all the storage class categories, High-End storage grew by 69.6 percent YoY due to large wins in FSI, Government, Media, and Telecommunications organizations in 2Q19. Entry and Midrange external storage segments also witnessed a YoY growth in 2Q19.
Across all the storage class categories, High-End storage grew by 69.6 percent YoY due to large wins in FSI, Government, Media, and Telecommunications organizations in 2Q19. Entry and Midrange external storage segments also witnessed a YoY growth in 2Q19.
IDC also noted that the need for innovative storage technologies has risen due to the widespread digital transformation initiatives. Hyperconverged infrastructure, Object Storage and Software Defined Storage are getting more traction in India.
“Increasing demand from 3rd platform technologies, data localization, surveillance, etc. coupled with adoption of new age technologies such as IOT, RPA, AI, and Blockchain will drive the storage market in the near future,” says Dileep Nadimpalli, research manager, Enterprise Infrastructure, IDC India.
The external enterprise storage systems market is expected to grow at a single digit compounded annual growth rate (CAGR) for the 2018 – 2023 time-period, IDC said. The need for infrastructure modernization to address new emerging technologies infrastructure demands would drive growth for storage in the near future.
