IDC report: Enterprise storage market sees over 16% growth in India at the end of Q2

As per IDC's latest APAC Enterprise Storage report for 2Q19, India's external storage market witnessed a growth of 16.4% Year-over-Year (YoY) by vendor revenue and stood at $101.8 million in 2Q19.

Investments from Professional Services and Banking organizations drove the growth in 2Q19 primarily due to infrastructure modernization, growth and investments on emerging technologies.

"Increasing demand from 3rd platform technologies, data localization, surveillance, etc. coupled with adoption of new age technologies such as IOT, RPA, AI, and Blockchain will drive the storage market in the near future," says Dileep Nadimpalli, Research Manager, Enterprise Infrastructure, IDC India.


All-Flash Arrays (AFA) saw a significant growth of 33.4% YoY, which contributed 30.4% to the overall external storage systems market, the report said. Banking, Telecommunications, and Manufacturing were the key verticals, which saw strong YoY growth for all-flash arrays (AFA) in 2Q19.

Across all the storage class categories, High-End storage grew by 69.6% YoY due to large wins in FSI, Government, Media, and Telecommunications organizations in 2Q19. Entry and Midrange external storage segments also witnessed a YoY growth in 2Q19.

The report added ever, hyperconverged infrastructure, Object Storage and Software Defined Storage are getting more traction in the India Market.

Dell Technologies, IDC noted, continued to be the market leader with a 29.6% market share by vendor revenue, followed by Hewlett Packard Enterprise with 15.4% market share in 2Q19. Dell Technologies witnessed YoY growth of 32.5% in 2Q19, from wins in Banking, Professional Services, and Manufacturing.