India storage market revenue of technology vendors rose 12.7 percent to $84.1 million in Q1 2018, said research firm IDC — majorly driven by banking organizations.
Industry verticals such as banking, professional services, manufacturing, telecommunications and government contributed to more than 80 percent of overall external storage market in Q1 2018.
“Organizations are witnessing significant data growth and there are challenges for getting IT budgets for traditional hardware. Organizations are considering technologies to help data optimization and consolidation as ways to overcome this difficulty,” said Dileep Nadimpalli, research manager, Enterprise Infrastructure, IDC India.
All flash arrays segment increased 87.4 percent contributing to 30.9 percent of the overall external storage market.
Mid-range storage segment grew due to large banking and professional services deployments while entry-level storage segment fell. Midrange external storage segment continued to lead the market with more than 58 percent market share.
Ranganath Sadasiva, director, Enterprise Solution, IDC India, said budgetary pressures and dynamic business priorities are pushing organizations to consider new deployment models to procure infrastructure. OEMs should focus on innovative pricing models to drive new and incremental business.
Dell is India’s storage market leader with 29.7 percent share. Dell lost considerable share in the first quarter in the Indian storage market.
Hewlett Packard Enterprise (HPE) achieved significant growth predominantly driven by deals from banking and telecommunications industry, IDC said.