Driven by telecom vertical, India’s external storage market saw growth of 13.8 percent year on year in terms of vendor revenue and stood at $74.6 million in Q1 2017, according to a report by IDC India.
Dell emerged as the market leader with share of 43.4 percent followed by HPE with more than 15 percent share in Q1 2017. IDC said that IBM and Netapp witnessed a significant year on year.
The report highlighted that the telecom, banking and professional services contributed to the growth of external storage market. Securities, transportation and insurance emerged as key verticals during this period.
According to the report, the entry-level storage saw a marginal growth while mid-range external storage saw a marginal year on year decline in market share during the first quarter of 2017.
As per IDC’s forecast, The external enterprise storage systems market is expected to grow in single digit in terms of compound annual growth rate (CAGR) for 2016 – 2021 time-period.
By Baishakhi Dutta
