How A Worldwide Decline In Storage Systems Sales Impacts EMC

Storage systems vendors have observed a decline in revenues due to a slowdown in hardware sales over the last couple of years. As a result, prominent vendors such as EMC (NYSE:EMC, NetApp, IBM, Hitachi Data Systems and HP Enterprise have seen weakness in storage revenues. Moreover, the declines reported by these vendors has been greater than the industry-wide declines, since these sellers are increasingly facing competition from smaller vendors and flash-storage startups.