Ranking is based on official figures of companies publishing or estimating their number for storage revenue, only for their fiscal year ended one of the month of calendar year 2019 and surpassing $1 billion in revenue.
Note that all these firms are in storage but sometimes with very different businesses.
We have enlarged this report with here 15 companies vs. 8 last year, adding Kioxia, Pure Storage, Nutanix, Marvell, Mellanox, Veeam and Veritas.
Micron, in flash and RAM, with huge growth in 2017 (+64%) and 2018 (50%), continues to be biggest storage company in the world for third consecutive year after being ≠2 for 3 years, even if sales decreased drastically (-30%) in 2019.
Dell replaced this time WD as ≠2 because the flash and HDD maker saw revenue down 20% last year.
Then Seagate, ≠4, is surpassing $10 billion in sales last year in a declining HDD market and being a small actor in SSDs, just in front of Micron.
≠6 is NetApp, far behind, with $6,146 billion.
≠7, ≠8 and ≠9 are respectively Kioxia (formerly Toshiba HDD), HPE and IBM, in front Veritas and younger firms Pure Storage and Nutanix, beating 3 others with revenue estimated at around $1 billion (Marvell, Mellanox and Veeam, the last two ones being acquired).
If we consider only the 10 companies with both figures known last 2 years, their global sale results are 96,303 million in 2018 and 84,783 million in 2019, or down 22%, proving that WW storage industry was far of growing last year. It decreased by 6% in 2016, but increased by 24% in 2017 and 29% in 2018.
The global storage market is even probably decreasing at less that 22% as there are many start-ups booming, not revealing their results being private companies, and then not including here. Remember that, for the first time historically, global revenue of the biggest storage companies decreased in 2015 by 3% and in 2016 by 6%. For our top ones it was up 5% from 2012 to 2013 and 9% from 2013 to 2014.
Some other big actors like Samsung and Toshiba Memory Corp. are also big but are not ranked here as they don’t publish financial results on their flash chips and SSDs. Also we have not included SK Hynix mainly in DRAM and Hitachi Vantara that does not publish anymore their storage revenue but probably largely above our limit of $1 billion.
501 West Broadway
San Diego, California 92101