What Is EMC’s Presence In The Storage Systems Market?

-8.60%
Downside
29.05
Market
26.55
Trefis
EMC: EMC logo
EMC
EMC

EMC (NYSE:EMC) has been the dominant player in the storage systems market in recent years. EMC’s integrated product offerings – with capabilities ranging from content management, data security, virtualization (via VMware) and extensive post-sale services – have helped it gain share in the market. EMC’s market share in the external storage systems market rose from 22.8% in 2009 to about 31.3% in 2014. Correspondingly, the revenue generated by sales of storage systems grew at a CAGR of  17% in the same period to $7.7 billion in 2013.

EMC_Share1 Subsequently, a slowdown in global expenditures on IT hardware through 2014 and 2015 led EMC’s storage product revenues to fall. Moreover, the presence of small vendors – such as flash storage startups – disrupted the industry by introducing cheaper white-box storage products. Over the last two years, customer preference has shifted to low-cost original design manufacturer (ODM) storage boxes, which has cut into the addressable market for large vendors. [1] As a result, most large vendors lost share in the storage systems market through 2014 and 2015. This trend is likely to continue over the next couple of years.EMC_Share2Have more questions about EMC? See link below:

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to  Our Full Analysis For EMC.
Relevant Articles
  1. Dell-EMC Deal Finally Closes: A Look At How The Merger Could Impact HPE & IBM
  2. EMC Earnings Takeaways: Flash Array, VMware, Services Continue Growth
  3. EMC Earnings Preview: Storage Hardware Sales To Remain Suppressed, Services To Drive Growth
  4. Why You Should Take A Closer Look At EMC’s EPS Growth
  5. How A Worldwide Decline In Storage Systems Sales Impacts EMC
  6. How Valuable Is EMC’s Information Storage Business?

View Interactive Institutional Research (Powered by Trefis):
Global Large CapU.S. Mid & Small CapEuropean Large & Mid Cap
More Trefis Research

Notes:
  1. Worldwide Quarterly Disk Storage Systems Tracker Q1 2015, IDC Press Release, June 2015 []