By using this site, you agree to the IDC Privacy Policy

03 Apr 2018

Expecting Growth in External Storage Spend for CY2018: Banking, Government to drive spend: IDC India

NEW DELHI, 3rd April 2018 – As per IDC’s latest Asia/Pacific Quarterly Enterprise Storage Systems Tracker Q4 2017 release, India’s external storage market witnessed a decline of 4.7% Year on year (YoY. by vendor revenue) and stood at USD 74.1 million in Q4 2017.

Market witnessed a YoY decline due to lesser spend in banking and manufacturing verticals in Q4, 2017. However, these segments still are amongst the highest contributors to the external storage market along with professional services and telecommunications industries. Increased adoption of 3rd platform technologies is pushing organizations to improve performance and optimize storage infrastructure to achieve its business objectives and respond to changing business needs faster with lower TCO.

Click to Tweet: Expecting Growth in External Storage Spend for CY2018: Banking, Government to drive spend: IDC India

“Adoption of All Flash Arrays (AFA) is growing exponentially and becoming mainstream in storage deployments across enterprises to address the demand for workload/application acceleration with high IOPS and minimal latency.” says Dileep Nadimpalli, Associate Research Manager, Enterprise Infrastructure.

Market witnessed a continued shift towards All Flash Arrays (AFA). AFA segment saw a significant growth at 54.9% YoY in Q4 2017 contributing to 23.4% of the overall external storage market. AFAs are getting deployed across most verticals with banking, telecommunications and professional services contributing to most of these deployments in Q4 2017. Flash footprint also continues to increase in hybrid flash arrays(HFA), as end users are procuring a higher proportion of SSD’s vs HDD’s to achieve a better price to performance ratio.

High end storage segment witnessed a high double-digit growth of 39.2% in Q4 2017 due to large deployments in telecommunications and banking industries. Consumption Models for Storage are impacting both midrange and entry level segments leading to a YoY decline in Q4 2017.

"Digital Transformation (DX) will drive customers to look for Storage requirements and innovative Storage technologies. Adoption for HCI, Object Oriented Storage, Software Defined Storage grew in the India Market addressing the new-age storage requirements of customers.", says Ranganath Sadasiva, Director, Enterprise Solutions, IDC India.

Major Vendors Analysis

Source: IDC Asia/Pacific Quarterly Enterprise Storage Systems Tracker, Q4 2017 release

Dell Inc. continued to be the market leader with a 27.6% market share by vendor revenue, however witnessed a YoY decline in Q4 2017. Hewlett Packard Enterprise and NetApp saw a significant growth predominantly driven by deals from banking and telecommunications industry.

IDC India Forecast

The external enterprise storage systems market is expected to grow at a single digit compounded annual growth rate (CAGR) for 2017 – 2022 time-period. This growth is expected to come from an increased spending into digital transformation initiatives across industries. Banking and government verticals are expected to drive a majority of the growth in next one year

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.

All product and company names may be trademarks or registered trademarks of their respective holders

Coverage

Companies Covered

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

Regions Covered

India

Topics Covered

Serial ATA drive

Contact

For more information, contact:

Shabi Hussain
sshussain@idc.com
9951545511