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India's external storage mkt sees 37% decline in growth on Covid woes: IDC

The majority of the y-o-y decline is due to the impact of Covid-19 resulting in delayed demand for storage across organisations during the quarter, IDC said in a statement

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The external enterprise storage systems market is expected to grow at a single-digit compounded annual growth rate (CAGR) for the 2019-2024 time period

Press Trust of India New Delhi

2 min read Last Updated : Sep 29 2020 | 7:58 PM IST

India's external storage market witnessed degrowth of 36.8 per cent year-over-year by vendor revenue and stood at $ 63.8 million in the April-June 2020 quarter, research firm IDC said on Tuesday.

The majority of the y-o-y decline is due to the impact of Covid-19 resulting in delayed demand for storage across organisations during the quarter, IDC said in a statement.

The external enterprise storage systems market is expected to grow at a single-digit compounded annual growth rate (CAGR) for the 2019-2024 time period, it added.

"Organisations have been impacted differently due to Covid-19. Majority of the organisations are still in the crisis stage,

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