Storage systems manufacturers such as #EMC, #NetApp, #IBM, #HitachiData Systems and #HewlettPackard have had a tough year in terms of storage hardware product sales, owing to a decline in worldwide spending on information storage. According to data compiled by IDC quarterly reports, global factory revenues for storage systems declined by over 2% year-on-year to $11.2 billion through the first half of 2015. The trend was consistent with 2014 numbers when global factory revenues for external storage systems declined by 0.4% year-on-year to $24.5 billion in 2014.
Over the last couple of years, customer preference is shifting to low-cost original design manufacturer storage boxes, which is cutting into the addressable market for large vendors. This has impacted large storage systems vendors, leading to revenue declines. Despite the decline in global factory revenues this year, smaller vendors have witnessed growth. The combined revenues generated by companies outside the top five vendors saw a 9% increase through the first half of 2015.
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