NewsServer, Storage & backup

India’s External Storage Market Witnesses Exponential Growth of 23.1% in Q3 2018

Dell continued to be the market leader with a 30.3% market share by vendor revenue, followed by HPE with 18.0% market share in Q3 2018.

India’s external storage market witnessed a growth of 23.1% YoY (by vendor revenue) and stood at USD 81.8 million in Q3 2018 according to IDC’s latest Asia/Pacific Quarterly Enterprise Storage Systems Tracker Q3 2018.

Increased storage spending from professional services organizations drove the incremental growth in Q3 2018. Professional services, banking, manufacturing, telecommunications and government industries contributed close to 82% of overall 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,” says Dileep Nadimpalli, Research Manager, Enterprise Infrastructure, IDC India.

Organizational demand for high performance and low latency storage solutions led to a triple digit YoY 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 saw an exponential YoY growth and continued to lead the market constituting more than 66.9% of the total Q3 2018 external storage market, while both entry-level and high-end storage segments declined YoY in Q3 2018.

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