The external #enterprisestorage systems market witnessed a sharp decline in the last one year and is expected to remain flat in the coming quarters, even though some growth is likely to come from banking and government verticals. As per IDC’s latest Asia-Pacific data, the external enterprise storage systems market showed a single digit compounded annual growth rate (CAGR) for 2017-2022 time-period. This growth is expected to come from an increased spending into digital transformation initiatives across industries, especially banking and government. The market witnessed a decline of 4.7% Year on year (YoY. by vendor revenue) and stood at USD 74.1 million in Q4 2017 due to lesser spend in banking and manufacturing verticals in Q4, 2017, said IDC. However, these segments still are amongst the highest contributors to the external storage market along with professional services and telecommunications industries. Increased adoption of third platform technologies is pushing organizations to improve performance and optimize storage infrastructure to achieve its business objectives and respond to changing business needs faster with lower TCO. “Adoption of All Flash Arrays (AFA) is growing exponentially and becoming mainstream in storage deployments across enterprises to address the demand for workload/application acceleration with high IOPS and minimal latency.” said Dileep Nadimpalli, Associate Research Manager, Enterprise Infrastructure. Market witnessed a continued shift towards All Flash Arrays (AFA), which saw a significant growth at 54.9% YoY in Q4 2017 contributing to 23.4% of the overall external storage market. AFAs are getting deployed across most verticals with banking, telecommunications and professional services contributing to most of these deployments in Q4 2017. Flash footprint also continues to increase in hybrid flash arrays(HFA), as end users are procuring a higher proportion of SSD’s vs HDD’s to achieve a better price to performance ratio. High end storage segment witnessed a high double-digit growth of 39.2% in Q4 2017 due to large deployments in telecommunications and banking industries. Consumption Models for Storage are impacting both midrange and entry level segments leading to a YoY decline in Q4 2017. “Digital Transformation (DX) will drive customers to look for Storage requirements and innovative Storage technologies. Adoption for HCI, Object Oriented Storage, Software Defined Storage grew in the India Market addressing the new-age storage requirements of customers.”, says Ranganath Sadasiva, Director, Enterprise Solutions, IDC India.
No comments:
Post a Comment