India storage market revenue achieved 23.1 percent growth to $81.8 million in Q3 2018, IDC report showed.
Increased storage spending from professional services organizations drove the growth in Q3 2018. Professional services, banking, manufacturing, telecommunications and government industries contributed close to 82 percent of external storage market in Q3 2018.
“Infrastructure modernization to improve agility and scalability is of high importance for today’s organizations. This trend is compelling organizations to deploy/consider new age storage solutions,” said Dileep Nadimpalli, research manager, Enterprise Infrastructure, IDC India.
Organizational demand for high performance and low latency storage solutions led to a triple digit growth of All Flash Arrays in Q3 2018. Majority of the vendors started offering NVMe based flash arrays to drive an incremental growth in the coming quarters.
Midrange external storage segment accounts for more than 66.9 percent of the total Q3 2018 external storage market. Both entry-level and high-end storage segments declined in Q3 2018.
“OEMs are focusing on new technologies and innovative pricing models to ensure traditional external storage consumption in the market in the wake of increasing acceptance of cloud storage solutions across organizations,” said Ranganath Sadasiva, director, Enterprise Solutions, IDC India.
Dell has 30.3 percent of the storage market share. Hewlett Packard Enterprise (HPE) has 18 percent market share in Q3 2018.
The enterprise storage systems market is expected to grow at a single digit compounded annual growth rate (CAGR) for the 2017 – 2022 time-period – driven by spending on digital transformation initiatives across industries.