NEW DELHI: Array Networks Tuesday launched company’s first ‘Make in India’ product— Amplifier, a traffic generator, and said that it is aiming to grow at 50% year-on-year, following the robust growth in the Indian IT security space backed by the government as well as BFSI and aviation industries.
“The government, banking, transportation, and power sectors are growing in India and we are seeing a healthy economy in India as we enter into a new decade of 2020,” Michael Zhao, President and CEO of Array Networks said.
“Our investments in India are now bearing fruits and we are growing at 37% CAGR in the last five years and targeting 50% Y-o-Y growth in 2020,” the top executive added.
The US-based networking hardware company has recently expanded to new geographies including Bangladesh, Indonesia, Malaysia, and Vietnam.
India market has seen a growth of 32% last year as compared to the Asia Pacific average of 26%.
Reinforcing its commitment to the ‘Make in India’ initiative, the company has designed and created Amplifier entirely in-house at the Array Center for Technology Innovation (ACTI), product innovation and design center located in Bangalore.
Amplifier is a new and futuristic load generating system that conducts performance tests and enables testing of networking devices in terms of stress, scalability and throughput, transactions, and many other system attributes.
“India has been the best performing market for us. Under the leadership of Shibu Paul, we have maintained an enviable consistent growth and now we stand at the second position in the Indian ADC market,” Zhao added.
The company, on the back of strong India growth, has added increased headcount by more than 40% last year and has plans to double the workforce in the next two years.
“India is one of the fastest-growing regions for Array Networks and we are excited about our growth momentum. Last year, we were successful in generating 70% of our revenue from government and banks,” Shibu Paul, Vice President International Sales of Array Networks.
Paul further said that with the new round of investment coming in, the company is positioned to expand our product line and manpower in the region.