NEW DELHI: India’s exterior storage market witnessed degrowth of 36.8 per cent year-over-year by vendor income and stood at USD 63.8 million within the April-June 2020 quarter, analysis agency IDC mentioned on Tuesday.
The vast majority of the y-o-y decline is as a result of impression of COVID-19 leading to delayed demand for storage throughout organizations in the course of the quarter, IDC mentioned in an announcement.
The exterior enterprise storage methods market is anticipated to develop at a single-digit compounded annual progress charge (CAGR) for the 2019-2024 time interval, it added.
“Organizations have been impacted in another way as a result of COVID-19. Majority of the organizations are nonetheless within the disaster stage, responding to day-to-day challenges by specializing in enterprise continuity, price optimization, and enterprise resiliency,” IDC India Analysis Supervisor, Enterprise Infrastructure, Dileep Nidopallia mentioned.
Only a few organizations are within the restoration stage, investing aggressively on digital capabilities to maintain the expansion and likewise to keep away from any future disruptions, like the present pandemic,” he added.
IDC mentioned storage spending in CY2020 is anticipated to say no considerably as a result of COVID-19 impression, and get better in CY2021.
All-Flash Arrays (AFA) contributed 34.9 per cent to the general exterior storage methods market within the June 2020 quarter.
A lot of the organizations are contemplating and deploying AFA for his or her major workloads to allow higher efficiency and likewise to handle the longer term knowledge necessities. New age Flash options similar to NVMe and Storage Class reminiscence would additional drive the flash adoption in close to future, IDC mentioned.
The entry-storage class was the worst impacted as in comparison with high-end and midrange storage methods within the mentioned quarter. The decreased demand for entry storage was predominantly as a result of decreased spending from skilled companies organizations, it added.
Dell Applied sciences led the market with 20.1 per cent market share by vendor income, adopted by Hewlett Packard Enterprise (HPE) with a 19 per cent market share in June 2020 quarter.