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"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," Huawei's storage product line
president Fan Ruiqi told Reuters, referring to the global market
for data-storage, which was worth $5.3 billion in the second
quarter.
To grow its market share, Huawei plans to target financial
institutions, governments and telecom carriers for data storage,
a business Fan said is expected to yield at least 60 percent
year-on-year growth this year from 55.6 percent growth in 2014.
He declined to reveal revenue figures, but said growth in
Western Europe from countries such as Italy and Spain was
particularly strong.
Fan expected Huawei's revenue from data-storage to reach at
least $2 billion by 2018.
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,
according to market research firm Gartner.
At home, the company provides enterprise data-storage solutions
to entities in both public and private sectors such as the
People's Bank of China and e-commerce titan Alibaba Group
Holding.
Analysts, however, said Dell Inc's [DI.UL] $67 billion plan to
acquire data storage company EMC could disrupt China's
fast-growing storage market and post challenges to domestic
players such as Huawei and Lenovo Group Ltd.
(Editing by Miral Fahmy)
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