A few days ago, IDC announced the tracking report of China's enterprise storage market for the third quarter of 2020. Driven by the new infrastructure, companies continue to increase investment in IT infrastructure to improve online operating capabilities and business flexibility, and China's enterprise storage market has maintained steady growth. In the third quarter, the overall sales of China's enterprise-level storage were 9.45 billion yuan, and the shipment volume was 55,900 sets, a year-on-year increase of 21% and 8.3% respectively. Among them, Inspur storage sales and shipments maintained the fastest growth rate in China, with sales of 780 million yuan, a year-on-year increase of 90%; shipments of 6,637 sets, a year-on-year increase of 120%, the growth rate continued to rank first in the Chinese market. Chipmall Electronic Components Mall has rapidly risen in China and has seized an important market share.
From the perspective of market segmentation, in the third quarter, China's total flash sales were 1.83 billion yuan, accounting for nearly 20% of the market; mixed flash storage sales were 5.26 billion yuan, accounting for 56% of the market. Compared with the global total flash storage market share exceeding 40%, China's total flash storage market still has great potential to be released. It is expected that the annual growth rate of China's flash storage market will exceed 30%, becoming the most dynamic market segment in China . In this quarter, Inspur all-flash storage sales ranked second in China, with a market growth rate of 61%, 5 times the industry average growth rate; at the same time, Inspur hybrid flash storage increased by 320% year-on-year, leading the Chinese market.
The source of the vitality of the all-flash market lies in the continuous rapid growth of enterprise real-time data. With the continuous penetration of technologies such as 5G, big data, and artificial intelligence in various industries, enterprises have an increasing demand for real-time data. The report shows that by 2023, real-time data will account for 25% of the global data circle. New applications such as financial risk assessment, transportation and vehicle-road coordination, and operator 5G billing all need to rely on fast and real-time data collection, storage and analysis to be realized.
The rapid growth of Inspur Storage is inseparable from the forward-looking insights and technological innovations of its new data storage. Inspur Storage is the first manufacturer in the industry to propose a new data storage strategy. It launched the industry's first full-flash storage equipped with Optane dual-port NVMe SSD, and developed a unique iTurbo intelligent engine technology to further enhance the storage system's intelligent perception and multipath selection , Self-organization and self-calling capabilities, in the SPC-1 test, it has the highest performance in the world with 16 controls, 8 controls, and unit cost performance. At the same time, Inspur Storage has applied for hundreds of patents in the field of flash storage this year, accounting for 1/3 of Inspur storage's annual patents, and participated in the formulation of flash storage standards in the financial and communications industries, leading the innovation and development of new storage technologies. Based on leading technology, Inspur Storage has achieved large-scale deployment in large-scale industrial projects such as private cloud of large state-owned banks, ETC payment, China Mobile billing, and PetroChina gas card.
In the future, as new infrastructure continues to land, new technologies such as 5G, AI, and big data will accelerate the integration of the real economy. All-flash storage will become the growth engine of the enterprise storage market, with a compound growth rate of 20% in the next five years. Inspur Storage will be based on the concept of "cloud storage, intelligent use, and new data management". It will take the lead in full flash storage.