Nytex

Owing To Controlled Spending From Telecom,Banking And Government 

Slowdown Owing To Controlled Spending From Telecom, Banking And Government
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According to International Data Corporation's (IDC) Asia Pacific Quarterly Enterprise Storage Tracker, India external storage market witnessed a de growth of 5.5 percent year on year (in vendor revenue) and stood at 65.6 million dollars in Q1 2016. However, capacity (TB) shipped in Q1 2016 saw a double digit year on year growth due to decrease in $ GB.
�The enterprise storage market was largely driven by Banking, Professional services and Telecom organizations in Q1 2016. However, the quarter witnessed a slowdown in Telecom spending while professional services, Resource and Education sectors had huge year-on-year growth in their storage deployments.

Increased adoption of All Flash Arrays (AFA) was seen across verticals due to better performance at an affordable price. Recent technology advancements in flash has resulted in decreased prices thereby lowering the total cost of ownership. Workloads like VDI (virtual desktop infrastructure), OLTP (online transaction processing), DB (Database), real-time analytics are constantly finding traction for Flash storage across verticals.

Technologies like Software-Defined Storage and Hyper Converged Infrastructure are expected to cannibalize traditional external storage market and is expected to have a large impact in the next couple of years.

Growth is expected in banking sector in H2 2016 due to large pending technology refresh projects. Surveillance is expected to be the key contributor for the storage market growth. All the leading players are facing tough competition in the market due to intense price war from small storage players.

According to Dileep Nadimpalli , Senior Market Analyst, Storage, IDC India, "We are expecting increased spending from 3rd party datacenter players and cloud providers due to increased demand for cloud hosting services. Across verticals, organizations are opting for cloud not only for ease of management and cost advantage but also for faster time to market."

Gaurav Sharma, Research Manager, Enterprise & IPDS, IDC India says, "Flash storage is essentially becoming the (top of the mind) answer to customer's infrastructure performance issues. With advancements in technology, vendors lowering the price bar, competitive bundles on offer and fanned out solutions for various segments and verticals, the flash market is expected to further generate demand."

Source: Cellular News