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India external storage market grows 23.1% in 3Q18, says IDC
Source: DIGITIMES   Editor: Helan   Update Time :2019/1/2 18:56:20

India's external storage market witnessed an on-year growth of 23.1% to reach US$81.8 million in third-quarter 2018, according to IDC.

Increased storage spending from professional services organizations drove the incremental growth in the quarter. Professional services, banking, manufacturing, telecommunications and government industries contributed close to 82% of overall external storage market in during the period, said IDC.

"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 on-year growth of all-flash arrays in third-quarter 2018. Majority of the vendors started offering NVMe based flash arrays to drive an incremental growth in the coming quarters.

Midrange external storage segment saw an exponential on-year growth and continued to lead the market constituting more than 66.9% of the total third-quarter 2018 external storage market, while both entry-level and high-end storage segments declined on year, said IDC.

Dell continued to be the market leader with a 30.3% market share by vendor revenue, followed by Hewlett Packard Enterprise (HPE) with 18.0% market share in third-quarter 2018.

The external enterprise storage systems market is expected to grow at a single digit compounded annual growth rate (CAGR) for the 2017-2022 time-period, according to IDC. Increased spending on digital transformation initiatives across industries would drive incremental revenues in the coming quarters.

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