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The exterior storage techniques market is anticipated to develop at a single-digit compounded annual progress price for the 2020 – 2025 interval.
India’s exterior storage market witnessed a progress of 14.8% year-over-year (YoY) by vendor income and stood at $73.7 million in Q2 2021 (April – June), as per the most recent quarterly enterprise storage techniques tracker by IDC.
The quarter witnessed YoY progress in storage spending from the federal government, and manufacturing verticals, whereas it noticed a pointy decline in contribution from BFSI, skilled companies, and telecommunications verticals throughout the interval, it mentioned.
“Enterprises are pressured to alter their current IT architectures to be adaptive and environment friendly whereas securing the workloads. Moreover, workloads are getting distributed to the sting, which is much more complicating issues for organisations,” says Dileep Nadimpalli, Senior Analysis Supervisor, Enterprise Infrastructure, IDC India.
The adoption of All-Flash Arrays (AFA) was evident, contributing 34.4% to the general exterior storage techniques market in Q2 2021, mentioned the tracker. The emergence of NVMe flash media would additional drive the AFA market as a result of higher price vs. efficiency ratio throughout verticals. HDD arrays too noticed sturdy progress in Q2 2021 as a result of uptake of backup home equipment for information safety wants, it additional mentioned.
Entry-Degree storage techniques grew by 65.4% YoY as a result of elevated investments from banking, authorities, skilled companies, and manufacturing organisations in Q2 2021. The high-end storage section witnessed a YoY decline, nonetheless, this section would see an uptake within the subsequent couple of quarters, IDC predicted.
Dell Applied sciences continued to be the market chief within the exterior storage techniques market with a 26.7% market share by vendor income, adopted by HPE and NetApp in Q2 2021. Hitachi and IBM noticed a YoY decline in Q2 2021, the market examine reported.
IDC India Forecast
The exterior storage techniques market is anticipated to develop at a single-digit compounded annual progress price (CAGR) for the 2020 – 2025 interval. Moreover, the exterior storage techniques spending is anticipated to develop YoY considerably in 2H 2021 as a result of massive information localisation tasks in BFSI section and huge authorities offers, as per IDC forecast.
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