European External Enterprise Storage Systems Forecast, 2020-2024: COVID-19 Impact and Recovery
This IDC Market Forecast study provides historical data (2015-2019) and a forecast data (2020-2024) for the European enterprise storage systems markets. The forecast and historical data focuses on end-user consumption of three categories of enterprise storage systems - external OEM, internal OEM, and "other," which covers cumulative shipments of systems sold directly to customers by ODMs. For each of these categories, IDC has estimated value, terabytes, and price per gigabyte."As many other IT markets including servers and networking, the enterprise storage systems market will feel the sharp impact of the coronavirus pandemic in 2020 and then a measured recovery in the following years," said Andrew Buss, research director, European Enterprise Infrastructure. "Our IT buyer sentiment surveys in Europe highlight that IT technology spend will be impacted due to the long and sustained impact that mitigation measures have had on buyer behavior and business opportunities, and there is an impact on both servers and storage as companies ration their investments and look to eke out every drop of performance or capacity on the table as they cope with the new market reality. The positive news is that 2Q20 will likely see the worst of the impacts, and the market situation is likely to settle and begin to improve as lockdowns ease and a new normal emerges."