Connect with us

E-Business

Worldwide PELS Market Sees Strong Shipment Increase 3Q2014- IDC

Published

on

IDC_logo.jpg
Kindly share this post

The worldwide personal and entry-level storage (PELS) market was up by 4.8% year over year with almost 19 million units shipped in the third quarter of 2014 (3Q14), according to the International Data Corporation (IDC) Worldwide Personal and Entry Level Storage Tracker.

Shipment values declined -0.3% year over year to $1.6 billion.

“The personal and entry-level storage market showed strong shipment growth in the third quarter of 2014 with 18.8 million units shipped,” said Jingwen Li, research analyst, Storage Systems. “Both the personal and entry-level portion of the market contributed to this growth.

“The personal storage segment saw good growth in the higher capacity portable devices as well as personal cloud devices. With the former, consumers are looking for ways to expand their storage and backup options beyond their laptops, while the latter, along with mobile devices, address the storage and file sharing needs of an entire household. The entry-level segment saw strong growth in higher bay products (6-12 bays) as vendors introduce higher capacity offerings with more enterprise level features at a more SMB-friendly cost.”

HDD vendors continued to increase their share in PELS units shipped, gaining 1.5 percentage points year over year to grow to 78.7% market share. Although the entry-level storage market continued to be dominated by the mainstream non-HDD vendors, with 50.6% unit shipment market share, their market share continued to shrink by 14.5 points year over year.

Market Highlights

The entry-level storage market continued to experience significant growth in unit shipments this quarter, up by 15.1% year over year, based primarily on the 4-bay market.

The entry-level market continued to see strong growth in the higher bay devices (6, 8, and 12 bays), which saw units shipped grow by 35.7% year over year.

In 3Q14 the personal storage market saw growth for dual-bay products, where unit shipments were up by 7.1% year over year. Single-bay personal storage devices continued to remain the most popular choice, representing 97.5% of the personal storage units shipped in 3Q14.

Personal storage represents 98.9% of the PELS unit shipped and 87.2% of the shipment value in 3Q14.

Technology Highlights

Form Factor – The 3.5″ form factor experienced a decline of -7.1% year over year in units shipped, while the 2.5″ form factor saw units shipped up 8% year over year.

The more portable 2.5″ form factor continued to encroach into the market space of the 3.5″ form factor, with 3.5″ losing 2.4 percentage points of unit market share year over year in 3Q14.

Capacity Range – End users continue to migrate to higher capacity points to meet their storage needs. In the 3.5″ personal storage market, 2 terabyte (TB) devices represented 41.6% of unit shipments in the quarter.

For the 2.5″ personal storage market, 1TB devices captured 60.7% market share. For the entry-level market, capacity ranges are more varied due to multiple bays and vendors’ ability to partially populate devices. However, 4TB devices hold the most market share with 23.4% of units shipped.

Interface – USB continued to be the interface of choice for the PELS market.

Its units shipped were up by 4.7% year over year this quarter. Ethernet remained the interface of choice for the entry-level market, capturing 94.8% of market share.

Thunderbolt continued to ramp up, posting a year-over-year shipment growth rate of 7.3%, albeit off a very small base.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

Published

on

Kindly share this post

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.

The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.

Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.

“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.

He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.

According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”

He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.

Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.

“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.

He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.

He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.

“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.

The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.

“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.

He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.


Kindly share this post
Continue Reading

E-Business

Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Published

on

Kindly share this post

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance

A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.

The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.

Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.

“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.

With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.

The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).

The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.

It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.

Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.

By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.

As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.


Kindly share this post
Continue Reading

E-Business

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

Published

on

Kindly share this post

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.

Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.

CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.

This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.

By exploiting this flaw, attackers can create specially designed Office documents.

When a user opens these documents, they can run malicious code or gain further access to the system.

Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.

Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:

  1. Install the latest Microsoft Office security updates for all affected versions.
  2. Restart Office applications for Office 2021 and later to ensure that the updates take effect.
  3. Use registry-based settings for protection if updates can’t be applied right away.
  4. Follow good cybersecurity practices, like using endpoint protection and filtering emails.

Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.


Kindly share this post
Continue Reading

Trending