Bangalore, Aug. 17
STORAGE solutions vendor EMC Corporation said there was plenty of headroom for growth in the rapidly expanding Indian market.
The company, which grew at over 300 per cent last year, expects to sustain the momentum, said Mr Steven Coad, General Manager, EMC South Asia. "India is a key growth market for us and we see plenty of headroom," he said. EMC increased its market share and emerged the country's top vendor for external storage in 2004, according to IDC's Disk Storage Tracker 2004. The company increased its market share to 24.5 per cent in revenue terms in 2004, up from 6.7 per cent in 2003.
IDC said the total market for external storage in 2004 grew 34.5 per cent to reach $117 million while EMC revenues grew from $5.8 million in 2003 to $28.7 million in 2004, registering 395 per cent growth.
Mr Coad said the company had a strong presence in the manufacturing, business process outsourcing segment and was foraying into government and banking and financial services, where it sees major potential. EMC was now focussing on the mid-tier segment, where it saw tremendous scope for growth, said Mr Manoj Chugh, country manager, EMC India and SAARC. EMC has signed up over 51 systems integration partners to expand its reach and is now aggressively eyeing Tier II and III cities. "We are also considering launch of a slew of information management products focussed on the mid-tier market," he said.