HP is the leader in disk storage market: IDC

Hewlett-Packard on Tuesday announced its leadership position in the overall disk storage market category capturing 27.7 per cent market share in customer revenues and 31.5 per cent in terabyte capacity, according to the latest International Data Corporation (IDC) 3Q 2005 figures.

HP recorded a 25.7 per cent growth in revenues in the overall market (3Q05 over 3Q04) and sequentially, the revenue grew 21.8 per cent in 3Q05 as compared to 2Q05.

In the same quarter, HP has also secured the top position in external disk storage market with a market share of 25.1 per cent, in customer revenue terms and 26.2 per cent in terms of terabyte capacity.

Additionally, HP recorded a year-on-year growth of 49.9 per cent in 3Q05 over 3Q04, in terms of terabyte capacity.

"India is one of the fastest growing storage markets in the Asia-Pacific region and we have observed that Indian customers are excited about adopting innovative storage products to meet their growing business requirements," said Bob Schultz, Senior vice president and general manager, HP StorageWorks Division, adding, "The team at Systems Technology and Software Division (STSD) has also contributed by developing new technology concepts in tandem with their counterparts at labs located worldwide."

"The quarter saw enormous growth and momentum in HP storage business in the country. Our product portfolio including the new launches that have taken place in the last year have been welcomed by our customers," said Hemant Tiwari, director, Enterprise Servers & Storage, HP India.

HP's storage business momentum came in from across key vertical segments of BFSI and manufacturing, besides the SMB sector. Recent customer wins include SBI, BSNL, Oil India, Tata Tea and Dishnet.