NetApp’s all-flash array revenues rise 238.2%
According to IDC’s Worldwide Quarterly Enterprise Storage Systems Tracker, NetApp (NTAP) is growing at a faster rate than the overall all-flash array market. NetApp gained significant market share in 1Q16.
IDC’s research report states that NetApp’s all-flash array revenues grew by 238.2% YoY (year-over-year) in 1Q16. This was 2.7 times faster than the overall market growth of 87.2% YoY. NetApp has moved to the second position in the tracker from the fourth position in 4Q15.
EMC (EMC) continued to dominate the all-flash market with revenues of $245.6 million and a share of 30.9%. NetApp’s all-flash array segment’s revenues in 1Q16 were $181.1 million with a share of 22.8%. Other major players in this segment include technology (XLK) giants Hewlett Packard Enterprise (HPE) and IBM (IBM), which have shares of 12.4% and 8.5%, respectively. The top five players account for over 80% of the total revenues in the all-flash array market.
Key highlights in 1Q16
According to IDC, the total all-flash array market generated revenues of $794.8 million in 1Q16. NetApp’s all-flash array segment is expected to generate annual revenues of more than $700 million in calendar 2016. NetApp also stated that “Its All Flash FAS line has produced eight consecutive quarters of year over year triple digit unit growth.”
“Flash solutions are changing the expectations and economics of enterprise IT,[1. information technology]” said NetApp’s acting chief marketing officer Brian Bakstran. He added, “NetApp offers the industry’s broadest all flash portfolio, allowing customers to move toward an all flash data center while still using what they’ve already deployed and leveraging the cloud. Our new Flash Advantage 3-4-5 Program makes flash even more affordable, efficient, and risk-free – and we guarantee it.”