Small and midsize businesses in India will increase their storage tech
investments by 35% this year, to $480 million, according to a new study
In its latest report released Wednesday, the research house said that
spending on storage products and services is set to reach US$480
million this year, of which India's small businesses--defined as having
fewer than 100 employees--will account for the lion's share of the
investment.
Over 50 percent of the overall storage expenditure will be fuelled
by small businesses in the country, and this number is set to increase
as they "move up the technology adoption ladder", said AMI-Partners in
a statement. Small businesses in India account for 99 percent of the
country's SMBs.
Dev Chakravarty, a Kolkata-based analyst at AMI-Partners, said in a
statement that a key factor driving the growth of storage in the SMB
market is the usage of business applications such as ERP (enterprise
resource planning) and CRM (customer relationship management).
Other factors fueling storage expenditures include the deployment of Web sites and e-commerce, and SMBs' increased focus on data security and backup.
Chakravarty said that storage requirements will increase as
businesses adopt data backup, disaster recovery, and data replication
technologies.
According to AMI-Partners, there is a difference between the small and midsize businesses when it comes to storage investments.
While small businesses are focusing on hardware-related technologies
such as PC- and server-attached storage, medium-sized businesses are
adopting "more advanced network-attached storage media such as SAN
(storage area network) and NAS (network-attached storage", said
Chakravarty.
Midsize businesses--defined as having between 100 and 999
employees--also invest more on storage-related services, because they
have to manage "substantial quantities of data" compared to small
businesses, Chakravarty said.
"Moreover they are on a rapid growth path buoyed by the nationwide
economic growth," he said, adding that medium-sized businesses are
gradually expanding their businesses.
"This expansion results in a jump in the quantity of data handled,
and consequently, the requirement for robust data storage also surges,"
Chakravarty said. "Data archiving requirements due to regulatory
bindings and compliance needs is also an important driver."
Sixty percent of midsize businesses surveyed by the research house
said that increasing IT storage capacity and deployment of enhanced
storage solutions will be a primary strategic focus area for them in
the next 12 months.
Provided by ZDNet Asia—Where Technology Means Business
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