New Delhi July 6 (IANS) The spending from the telecommunications vertical is driving India s external storage market that witnessed a growth of 13.8 per cent year-on-year (YoY) and stood at $74.6 million 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 per cent 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.
--IANS
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Telecom spend driving India s external storage market: IDC
