CEE Storage Vendors Struggle with Major Economic Challenges in Q1 2014

Prague, July 8, 2014 – Poor performance on the CIS and Central European markets dragged the overall Central and Eastern Europe (CEE) external storage market down to $203.65 million in the first quarter of the year, roughly equal to a 3.3% year-on-year drop. At the same time, capacity increased by only around 20% to 163.9 PB. These results make up part of the Q1 2014 Europe, the Middle East and Africa (EMEA) Disk Storage Systems Quarterly Tracker, recently published by global market research firm IDC. (TZ)

The CEE region seemed to experience delayed negative effects from the economic stagnation of 2013, and these markets suffered worse than the rest of Europe. Geo-political factors, including the volatile Russian-Ukrainian crisis, further disrupted the market, with the most severe effects felt in Ukraine, Kazakhstan, and other CIS countries. In fact, the only counties to achieve double-digit revenue growth were Poland, Romania and Slovenia, which partially mitigated the collapse of all other markets in the region.

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