India's external storage market witnessed a 14.8% YoY growth in Q2 CY 2021: IDC
The Hindu
The external storage systems market is expected to grow at a single-digit compounded annual growth rate for the 2020 – 2025 period.
India’s external storage market witnessed a growth of 14.8% year-over-year (YoY) by vendor revenue and stood at $73.7 million in Q2 2021 (April - June), as per the latest quarterly enterprise storage systems tracker by IDC.
The quarter witnessed YoY growth in storage spending from the government, and manufacturing verticals, while it observed a sharp decline in contribution from BFSI, professional services, and telecommunications verticals during the period, it said.
“Enterprises are forced to change their existing IT architectures to be adaptive and efficient while securing the workloads. Additionally, workloads are getting distributed to the edge, which is even more complicating things for organisations,” says Dileep Nadimpalli, Senior Research Manager, Enterprise Infrastructure, IDC India.
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