Flash important for IT transformation
Storage company NetApp (NTAP) has often stated that flash plays a key role in the IT (information technology) transformation of companies. Companies now look to gain advantages and add value by employing faster business applications. According to NetApp, flash is quickly becoming the “de facto technology for primary workloads.”
A large number of enterprises are trying to realize economic and performance benefits by replacing hard disk installations with flash.
NetApp’s all-flash array revenue rises by 238.2%
According to IDC’s (International Data Corporation) Worldwide Quarterly Enterprise Storage Systems Tracker, NetApp is growing faster 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 revenue rose by 238.2% YoY (year-over-year) in 1Q16. This was 2.7 times faster than overall market growth of 87.2% YoY. NetApp moved to second place in the tracker compared to fourth place in 4Q15.
EMC (EMC) continued to dominate the all-flash market, with revenue of $245.6 million and a share of 30.9%. NetApp’s all-flash array segment’s revenue was $181.1 million, with a share of 22.8% in 1Q16. Other major players in this segment include technology (QQQ) 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 revenue in the all-flash array market.