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Storage solutions provider on Thursday said it is witnessing growth in its business, driven by demand from expanding data centres and telecom services.

“There is a surge globally in data creation and consumption – a trend that is helping us grow. In India too, we are seeing strong growth not only on the consumer side but also with demand from data centres and telecom service providers,” Seagate Senior Vice President (Global Sales and Sales Operations) BS Teh said.

He added that while consumer business comprises a larger chunk of its India business, it could pivot towards enterprise over the next few years.

The company does not disclose country-specific revenue.

Seagate has released a report — compiled with research IDC — which says that volume of data created worldwide is expected to grow to 175 Zettabytes (ZB) by 2025 from 33 ZB in .

“The number might be global but one can see these growth trends in the Indian as well. As India accelerates in its journey to digital transformation, there will inevitably be a data deluge,” he said.

He explained that increased use of technologies like of Things (IoT) and artificial intelligence (AI) on the back of the advent of 5G will translate to an increased demand for real-time data processing, along with a need for data agility in India.

Data will impact nearly all industries in India, financial services, media and entertainment, healthcare and manufacturing, Teh said.



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