New Delhi: India’s external storage market vendor revenue witnessed a growth of 8 percent year-on-year (YoY) and stood at $91.8 million in the third quarter (Q3) of 2019 ending September, said a new report on Thursday.
Professional services, banking, government, manufacturing, and telecommunications industries contributed 83.2 percent of the overall external storage market in this quarter, according to IDC’s latest “Worldwide Quarterly Enterprise Storage Systems Tracker 3Q19” report.
Dell Technologies continued to be the India market leader in Q3 with a 32.0 percent share by vendor revenue, followed by Hewlett Packard Enterprise with 12.4 percent market share.
Hitachi and IBM witnessed strong YoY growth in Q3 due to key wins from professional services, telecommunication, and transportation sectors.
“Digital transformation has become a key enabler for businesses to thrive in this competitive world. Organizations are exploring ways to adopt newer technologies based on business outcomes rather than CAPEX investments. Consumption-based pricing models are expected to have more demand compared to traditional pricing models,” Dileep Nadimpalli, Research Manager, Enterprise Infrastructure, IDC India, said in a statement.
All-Flash Arrays (AFA) witnessed a significant growth of 24.5 percent YoY, which contributed 36.1 percent to the overall external storage systems market in Q3.
Organizations’ demand for high performance with minimal latency drove the growth for All-Flash Arrays (AFA).
Also witnessing increased adoption of NVMe based flash arrays to drive incremental growth in the coming quarters. (IANS)