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Worldwide Server and Storage Systems Market Declined Eight Percent Y/Y in 2Q 2019, According to Dell'Oro GroupREDWOOD CITY, Calif., Sept. 11, 2019 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, the worldwide Server and Storage Systems market declined eight percent year-over-year (Y/Y) in 2Q 2019. The market revenue recorded its first decline in eight quarters. Softness was evident in the Enterprise and Cloud sectors. "Demand for server and storage systems was lower across all global regions," said Baron Fung, Director at Dell'Oro Group. "Escalating global macroeconomic factors have created an air of uncertainty, impacting Enterprise sentiment and spending, particularly in China. Spending in the Cloud is lower as some of the major Cloud service providers are undergoing a cycle of digesting excess server capacity. These factors were partly responsible for lower commodity pricing, which further eroded revenue," explained Fung. Following are additional highlights from the 2Q 2019 Server and Storage Systems Quarterly Reort:
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