Data shows Indian external storage systems valued USD 101.8 Million

In a new analysis released by the Intelligence Data Corporation’s ‘Quarterly Enterprise Storage Systems tracker’, India’s external storage market witnessed a growth of 16.4 per cent Year-over-Year (YoY) by vendor revenue and stood at USD 101.8 million in the 2nd Quarter of 2019.

In this, Dell Technologies lead the marked with a 29.6 per cent share of the vendor revenue in India, while Hewlett Packard stood second at a revenue percentage of 15.4 per cent.

Investments from Professional Services and Banking organizations drove the growth in 2Q 19 majorly due to infrastructure modernization, technology refresh and investments on emerging technologies, the firm elaborated.

Talking about the Indian market, Dileep Nadimpalli, Research Manager, Enterprise Infrastructure, IDC India said, “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.”

However, future growth of external enterprise storage systems market during the period 2018-2023 is expected to be in single digits according to the market intelligence, advisory services, and events firm’s tracker.