India’s external storage market fell 14.8% to $ 79.9 mn YoY in terms of vendor revenue, in Q3 CY2020, said IDC. The obvious reason was decline in storage spending by professional services, govt and manufacturing units, as CIOs favour adoption of cloud tech to overcome the challenges of COVID-19 lockdown. This is the third consecutive YoY decline of the segment. The drop is likely to continue further in CY2020 and recovery is expected in CY2021 only.

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