Home
Telecom
Telecom News
Telecom Spend Driving India's External Enterprise Storage Market: IDC

Telecom Spend Driving India's External Enterprise Storage Market: IDC

By Indo-Asian News Service | Updated: 6 July 2017 17:17 IST

Click Here to Add Gadgets360 As A Trusted Source

Highlights

India's external storage market witnessed a growth of 13.8 percent YoY
Multimillion-dollar deals in telecommunications vertical drove the growth
The high-end storage segment witnessed a strong YoY growth

The spending from the telecommunications vertical is driving India's external storage market that witnessed a growth of 13.8 percent year-on-year (YoY) and stood at $74.6 million (roughly Rs. 483 crores) in the first quarter this year, International Data Corporation (IDC) said on Thursday.

While banking, telecom, professional services, manufacturing and government continued to be the key contributors, multimillion-dollar deals in telecommunications vertical drove the growth, IDC said in a statement.

IDC forecast the external enterprise storage systems market to register single-digit growth in terms of compound annual growth rate (CAGR) for the 2016-21 period.

"External storage is getting very dynamic in addressing new age demands from emerging technologies such as real-time business analytics, Internet of Things, augmented reality and robotics," said Dileep Nadimpalli, Associate Research Manager, Enterprise Infrastructure, IDC.

The high-end storage segment witnessed a strong YoY growth in the first quarter and entry-level storage saw a marginal growth while mid-level external storage saw a marginal YoY decline in market share during the quarter.

Dell continued to lead the market with a market share of 43.4 percent followed by HPE.

"Implementation of GST is expected to have a negative impact on enterprise IT for the next two quarters. In this challenging environment, taking a solutions-centric approach with the right technology partnerships will help suppliers stay ahead in their game," added Sharyathi Nagesh, Senior Research Manager, Enterprise Infrastructure.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.