30 Sep 2021
Demand From Government and Manufacturing Verticals Drove 14.8% YoY Growth in India’s External Storage Systems Market in 2Q21, Reports IDC
NEW DELHI, September 30, 2021 - 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% year-over-year (YoY) by vendor revenue and stood at USD 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.
“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,” says Dileep Nadimpalli, Senior Research Manager, Enterprise Infrastructure, IDC India.
The adoption of All-Flash Arrays (AFA) is evident, contributing 34.4% 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.
Entry-Level storage systems grew by 65.4% 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.
Major Vendors Analysis
Source: IDC Worldwide Quarterly Enterprise Storage Systems Tracker Q2 2021 (September 2021 release)
Dell Technologies continued to be the market leader in the external storage systems market with a 26.7% market share by vendor revenue, followed by HPE and NetApp in Q2 2021. Hitachi and IBM saw a YoY decline in Q2 2021.
IDC India Forecast
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.
For more information about IDC's products and research services, please contact Shivani Anand, Senior Marketing Specialist at email@example.com . You can also follow IDC India’s Twitter and LinkedIn pages for regular updates.
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.
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 wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
All product and company names may be trademarks or registered trademarks of their respective holders.
Copy the following code into your site