UP CM urged to allow state buses…

  Lucknow: Apex industry…

Rains boost paddy sowing in Jhar…

  Ranchi: Incessant rain…

Ram Nath Kovind pays homage to M…

  New Delhi: President-e…

Lok Sabha adjourned till 3 p.m.

  New Delhi: The Lok Sab…

Kovind sworn in as India's 14th …

  New Delhi: Ram Nath Ko…

Jute products made by correction…

  Kolkata: In a unique i…

678 pilgrims leave for Amarnath …

  Jammu: A fresh batch o…

673 pilgrims leave for Amarnath …

  Jammu: A batch of 673 …

Cloudy Monday morning in Delhi

  New Delhi: It was a cl…

Renowned Indian space scientist …

  Bengaluru: Renowned In…

«
»
TwitterFacebookPinterestGoogle+

Telecom spend driving India’s external storage market: IDC

Facebooktwittergoogle_plusredditpinterestlinkedinmail

 

New Delhi: 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

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*