India’s external storage market revenue fell 14.8 percent to 79.9 million in Q3 2020 (July-September). The majority of the decline in storage spending was due cut in spending from professional services, government, and manufacturing organizations in Q3 2020.
“Emergence of new-age applications, multi-cloud, edge deployments, etc. are forcing organizations to revisit their enterprise IT architecture. To adapt to this changing IT landscape, enterprises need intelligent, hyper agile, scalable, resilient, and cloud-ready data platforms which are flexible and easy to use,” said Dileep Nadimpalli, research manager, Enterprise Infrastructure, IDC India.
All-Flash Arrays (AFA) contributed 39.2 percent to the overall external storage systems market in Q3 2020. Banking, telecommunications, and professional services verticals were the major contributors for AFA demand in Q3 2020.
Entry storage systems grew 3.4 percent backed by increased spending from the insurance vertical in Q3 2020. High-end and Midrange storage segments witnessed a steep double-digit decline in Q3 2020.
Dell Technologies is the storage market leader in the external storage systems market with 29 percent share.
NetApp with 14.8 percent share is the second largest supplier of storage solutions in India, according to IDC.