26 Sep 2019

Investments from Banking and Professional Services Organizations Drove the Growth for External Storage Market in 2Q19, IDC India Reports

NEW DELHI, 26th September, 2019 – As per IDC’s latest Asia/Pacific Quarterly Ent erprise Storage Systems Tracker 2Q19 release, India’s external storage market witnessed a growth of 16.4% Year-over-Year (YoY) by vendor revenue and stood at USD 101.8 million in 2Q19.

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 growth of 33.4% YoY, 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 Midrange 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 with 15.4% market share in 2Q19. Dell Technologies witnessed strong YoY growth of 32.5% 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.

About IDC Trackers

IDC Tracker  products provide accurate and timely market size, company share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.

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Companies Covered

IBM, NetApp, Inc., Hewlett Packard Enterprise, Dell Inc., Hitachi, Ltd.

Regions Covered


Topics Covered

Serial ATA drive