Russia’s data storage systems market enjoyed rapid growth in the first three months of 2020 despite the coronavirus pandemic, allowing domestic developer Yadro to outpace Chinese tech giant Huawei, a recent study has shown.
According to IDC research cited by Russian media, the volume of deliveries of data storage systems in Russia stood at $99.64 million in the first quarter of the year. This is 37.9 percent more than during the same period last year.
The sector continued to thrive despite the negative impact of the Covid-19 pandemic, IDC program manager Mikhail Lebedev said, adding that the research firm sees stable demand from businesses.
Meanwhile, Russian company Yadro, part of X Holding IT group, has become the market leader. In monetary terms, it had 18.6 percent of the share in the external storage systems market, 0.2 percent more than Huawei, which topped the list in the previous quarter. The Russian tech firm delivered nearly 65 percent of data storage systems. The US’ Hewlett Packard Enterprise (HPE) and NetApp, and Japan’s Hitachi rounded out the top five.
Yadro is focused on designing and developing server and storage products for enterprise workloads. At the end of last year, the company was four percent behind its Chinese rival in monetary terms, but had already outpaced other companies in volume.
Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in...
Investing in bitcoin has already yielded US electric car producer Tesla its first gains of around $1 billion. The figure leaves the company's profits from selling its electric vehicles (EV)...
The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European...
