India’s external storage market marks 16.4% YoY growth in 2Q19: IDC

New Delhi: India‘s external storage market witnessed a 16.4% Year-over-Year (YoY) growth by vendor revenue and stood at $101.8 million in 2Q19, according to IDC’s latest Asia/Pacific Quarterly Enterprise Storage Systems Tracker 2Q19 report.

Investments from Professional Services and Banking organizations drove the growth in 2Q19 majorly due to infrastructure modernization, technology refresh and investments on emerging technologies.

“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.

All-Flash Arrays (AFA) witnessed a significant 33.4% YoY growth, which contributed 30.4% 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% YoY due to large wins in FSI, Government, Media and Telecommunications organizations in 2Q19. Entry and mid-range external storage segments also witnessed a YoY growth in 2Q19.

With the advent of digital transformation initiatives, there is a clear need for innovative Storage technologies to address the ever-growing storage requirements. Hyperconverged infrastructure, Object Storage and Software Defined Storage are getting more traction in the India Market.

Major Vendors Analysis

Dell Technologies continued to be the market leader with a 29.6% market share by vendor revenue, followed by Hewlett Packard Enterprise (HPE) with 15.4% market share in 2Q19. Dell Technologies witnessed strong 32.5% YoY growth in 2Q19, from key wins in Banking, Professional Services, and Manufacturing.

IDC India Forecast

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. The need for infrastructure modernization to address new emerging technologies infrastructure demands would drive growth for storage in the near future.

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.