India’s External Storage Market Witnessed a Growth of 14.8 Per Cent by Vendor Revenue: IDC

- Advertisement -
  • The adoption of All-Flash Arrays (AFA) is evident, contributing 34.4 per cent to the overall external storage systems market in Q2 2021
  • The external storage systems market is expected to grow at a single-digit compounded annual growth rate (CAGR) for the 2020 – 2025 period
pic credit: IDC

As per International Data Corporation’s (IDC) latest Worldwide Quarterly Enterprise Storage Systems Tracker Q2 2021 release, India’s external storage market witnessed a growth of 14.8 per cent year-over-year (YoY) by vendor revenue and stood at $73.7 million in Q2 2021 (April – June). The quarter witnessed YoY growth in storage spending from the government, and manufacturing verticals, while observing a sharp decline in contribution from BFSI, professional services, and telecommunications verticals during the same period.

Dileep Nadimpalli, Senior Research Manager, Enterprise Infrastructure, IDC India said, “Enterprises are forced to change their existing IT architectures to be adaptive and efficient while securing the workloads. Additionally, workloads are getting distributed to the edge, which is even more complicating things for organizations. Enterprises are looking for an infrastructure platform which offers complete end-to-end data services along with built-in security features.”

The adoption of All-Flash Arrays (AFA) is evident, contributing 34.4 per cent to the overall external storage systems market in Q2 2021. The emergence of NVMe flash media would further drive the AFA market due to better cost vs performance ratio across verticals. HDD arrays saw a strong growth in Q2 2021 due to uptake of backup appliance for data protection needs.

- Advertisement -

It added, “Entry-Level storage systems grew by 65.4 per cent YoY due to increased investments from banking, government, professional services, and manufacturing organizations in Q2 2021. The high-end storage segment witnessed a YoY decline; however, IDC expects uptake of this storage segment in the next couple of quarters.”

Dell Technologies continued to be the market leader in the external storage systems market with a 26.7 per cent market share by vendor revenue, followed by HPE and NetApp in Q2 2021. Hitachi and IBM saw a YoY decline in Q2 2021. The external storage systems market is expected to grow at a single-digit compounded annual growth rate (CAGR) for the 2020 – 2025 period. Furthermore, the external storage systems spending is expected to grow YoY significantly in 2H 2021 due to large data localization projects in BFSI segment and large government deals.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Q1 2024: Memory Demand, China Shipments Lift Wafer Makers

0
The Counterpoint report concluded that despite the overall revenue decline, few factors benefited wafer fab equipment manufacturers in the first quarter of the year,...

Indian Automobile Industry Value Surges 19% In FY 2023-24

0
India's vehicle production grew by 10%, with a 19% increase in value.  The UV + SUV segment saw the highest growth, with a 23% rise...

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Buzz

Karnataka Allocates 234 Acres For Electronic Manufacturing

0
Karnataka government allocates 234 acres for electronic manufacturing cluster and semiconductor units, aiming for Rs 1000 crore investment and creating 4000 to 5000 jobs. Karnataka...

GPS Renewables Partners With IndianOil Corporation

0
The 50:50 joint venture aims to advance sustainable energy and biofuel adoption in the country. On Wednesday, government enterprise IndianOil Corporation (IOC) revealed its collaboration...

Renesas Acquires Transphorm For GAN Technology

0
Renesas acquired Transphorm Inc. for its GaN technology, expanding into markets like EVs, data centres, AI, and renewable energy. Upon completion of its acquisition,...

Important Sectors

Karnataka Allocates 234 Acres For Electronic Manufacturing

0
Karnataka government allocates 234 acres for electronic manufacturing cluster and semiconductor units, aiming for Rs 1000 crore investment and creating 4000 to 5000 jobs. Karnataka...

GPS Renewables Partners With IndianOil Corporation

0
The 50:50 joint venture aims to advance sustainable energy and biofuel adoption in the country. On Wednesday, government enterprise IndianOil Corporation (IOC) revealed its collaboration...

Renesas Acquires Transphorm For GAN Technology

0
Renesas acquired Transphorm Inc. for its GaN technology, expanding into markets like EVs, data centres, AI, and renewable energy. Upon completion of its acquisition,...

India Aims For $100 Billion Semiconductor Market

0
India embarks on a chip manufacturing journey aiming for a $100 billion semiconductor market by 2030; the IESA advocates using 28 nm chips for...

Hyundai Flags Government Policies Before $325M IPO 

0
The Korean tech manufacturer raised concerns about localisation rules like PLI for automotive technology ahead of its million-dollar initial public offering.  Before its million-dollar IPO,...

Manufacturing

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...