REDWOOD CITY, Calif., Dec. 7, 2016 /PRNewswire/ -- A recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, revealed the Asia Pacific region was the only geographic theatre to experience growth in the Storage Systems market in 3Q16. On the heels of Asia Pacific growth, Huawei vaulted to the number three revenue rank in overall Internal and External Storage Systems revenue, compared to its number five rank in the year-ago quarter.
"With seven percent year-over-year growth in the Asia Pacific region, and declines in the other three major geographic theatres of the Storage Systems market, this has benefitted vendors with exposure to expanding regions such as Huawei," said Chris DePuy, Vice President at Dell'Oro Group. "Just as exposure to technology areas, such as All Flash Arrays, has benefitted vendors such as Pure Storage, which grew over 40 percent Y/Y in the third quarter 2016, vendors with exposure to expanding geographic regions is also pushing results. Huawei's Storage Systems revenues grew 44 percent Y/Y," added DePuy.