India's External Storage Market Adversely in Q2 2020 Resulting in YoY degrowth of 36.8%: IDC
As per IDC’s latest Worldwide Quarterly Enterprise Storage Systems Tracker Q2 2020 release, India’s external storage market witnessed degrowth of 36.8% year-over-year (YoY) by vendor revenue and stood at USD 63.8 million in Q2 2020 (April-June 2020). The majority of the YoY decline is due to the impact of COVID-19 resulting in delayed demand for storage across organizations during the quarter.
“Organizations have been impacted differently due to COVID-19. Majority of the organizations are still in the crisis stage, responding to day-to-day challenges by focusing on business continuity, cost optimization, and business resiliency. Very few organizations are in the recovery stage, investing aggressively on digital capabilities to sustain the growth and also to avoid any future disruptions, like the current pandemic," says Dileep Nadimpalli, Research Manager, Enterprise Infrastructure, IDC India.
All-Flash Arrays (AFA) contributed 34.9% to the overall external storage systems market in Q2 2020. Most of the organizations are considering and deploying AFA for their primary workloads to enable better performance and also to address the future data requirements. New age Flash solutions such as NVMe and Storage Class memory would further drive the flash adoption in near future.
The entry storage category was the worst impacted as compared to high-end and midrange storage systems in Q2 2020. The decreased demand for entry storage was predominantly due to decreased spending from professional services organizations.
Multicloud journey is one of the key imperatives across the majority of the organizations to get the best of capabilities from various cloud service providers. Businesses are considering and adopting data management tools to enable them to cloudifiy their storage to seamlessly move across public clouds, private clouds, and traditional datacenters.
Dell Technologies continued to be the market leader in India’s external OEM storage systems market with a 20.1% market share by vendor revenue, followed by Hewlett Packard Enterprise (HPE) with a 19.0% market share in Q2 2020.
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