China based Huawei technologies is aiming to become the world’s third largest data storage provider by 2018 and a sole leader in the industry then after. The company has recently started to target European and local institutions to take market share from EMC and IBM which are leading in the said region.
“We don’t want to just be No.1 in China…We want to be at least the top three in the world by 2018 and a sole leader thereafter,” said Fan Ruiqi who is a President of Huawei’s storage product line, referring to the global market for data-storage, which was worth $5.3 billion in the second quarter.
To achieve its aim, Huawei is planning to target financial institutions, governments and telecom carriers for data storage. Fan added that the strong growth in Western Europe especially from countries like Italy and Spain is making them to take such an aim.
According to market research firm Gartner, Shenzhen-based Huawei accounted for about a quarter of China’s storage sector in the second quarter, ahead of EMC and IBM, but its global market share is a mere 3.3 percent, far behind EMC’s 32 percent, IBM’s 11.7 percent and NetApp Inc’s 10.6 percent.
However, with DELL confirming that it is planning to buy EMC for Huawei’s dream to lead the industry may take a back seat.