India will become top market in Asia in 3-5 years: Netapp CEO
Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently. This will be on the back of the country’s demographic and economic advantages, and Netapp's headroom to grow in this market, George Kurian, chief executive and member of the board of Netapp, told ET.
Kerala-born Kurian, who became chief of the $6.36 billion company in 2015, is currently on a visit to India.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisit«We see Asia growing faster than the rest of the world. We aspire Asia to contribute 20% of our global business. We want India to be the largest market in Asia,» said the 57-year-old Kurian.
The Nasdaq-listed firm doesn’t have a direct presence in China but has been operating through a joint venture with Chinese technology manufacturer Lenovo since 2018. This gives us the opportunity to invest more heavily in rest of the Asian markets (like India)," Kurain told ET during his visit to Mumbai on Tuesday.
Netapp counts India’s biggest public and private sector banks as well as the three telecom companies among its clients in India.
«We have doubled our (India) business over the last two years and have gained the number one market position in India in terms of all-flash array last quarter--the fastest growing market. But we are still scraping the tip of the iceberg,» Kurian said.
Netapp has a global centre in Bengaluru, its largest
