India external storage market witnessed a growth of 17.5 percent quarter on quarter (in vendor Revenue) and stood at $ 77.8 million in Q4 2016.
According to International Data Corporation’s (IDC) Asia/Pacific Quarterly Enterprise Storage Tracker, banking, professional services, manufacturing and Government continued to be the key contributors in Q4 2016.
EMC continued to lead the market with market share of 27 percent followed by HPE in Q4 2016. Dell witnessed a significant growth due to uptake from IT/ITeS and government segments. IBM, Netapp and HDS lost market share as compared to last quarter.
The market research firm said large banking refresh deals drove the storage market growth. Increased spending from banking on analytics and UPI platforms is expected in the coming quarters.
In addition to the major verticals, significant growth is witnessed in verticals such as Securities, Transportation, Education and Insurance.
Midrange external storage segment continued to lead the market with more than 50 percent market share in Q4 2016. Increased market acceptance of new technologies such as hyper converged infrastructure might cannibalize traditional mid-range storage business in the near future.
High-end storage segment witnessed a significant quarter on quarter growth as compared to other segments in Q4 2016 due to large refresh deals from banking and telecom verticals.
All Flash Arrays (AFA) witnessed significant year on year growth due to uptake from banking, IT/ITeS and manufacturing verticals in Q4 2016.
