Indian external storage market witnessed a growth of 13.8 percent year-on-year (YoY) and stood at USD 74.6 million in 1Q 2017, predicts IDC. Multimillion-dollar deals in the telecommunication vertical drove this growth in the external storage market. Banking, telecom, professional services, manufacturing, and government continued to be the key contributors in 1Q 2017. In addition to the major verticals, significant growth is witnessed in verticals such as securities, transportation, and insurance during this period.
The high-end storage segment witnessed a strong YoY growth in 1Q 2017 due to large deployments from telecommunications, banking, and government verticals. Entry-level storage saw a marginal growth while mid-range external storage saw a marginal YoY decline in market share during 1Q 2017.
Significant uptake of All flash Arrays (AFA) was witnessed among telecom, BFSI, IT/ITeS, government, and manufacturing units in 1Q 2017. Acceptance of AFA increased as it offers better performance at an affordable price. Also, there was an increased acceptance of Hybrid Flash arrays (HFA) as this offers both capacity and performance with a single array.
Modernizing IT infrastructure and reducing infrastructure footprint are the key IT priorities across organizations. Technologies such as hyper-converged infrastructure and software-defined storage are gaining traction to address both optimization demands and remove infrastructure-management complexities.