Lenovo India bets on IoT, to offer products from “pocket to cloud”
Technology major Lenovo, which has a footprint in phones, tablets, personal computers, smart TVs, workstations, servers, storage devices and services and solutions, aims to strengthen its position as a provider of end-to-end solutions. According to Shailendra Katyal, Managing Director of Lenovo India, the company intends to offer all the Internet of Things (IoT) products and services needed for a growing digitally connected world.
As Internet penetration increases, Lenovo aims to provide all possible digital solutions and to be independent of the industry.
Katyal said Activity area, “Globally, we believe in market leadership. Therefore, we want to be present and provide technology in all relevant market segments. We get into complex solutions for smart manufacturing, smart retail and smart healthcare. Increasingly, we’re also focusing on end-to-end solutions beyond this horizontal view of having every device possible. We will be relevant in whatever is required for a digitally connected world.
In its core PC business, Lenovo ranks third after HP and Dell. For the quarter ended March 2022, Lenovo had a 17.6% market share. The vendor posted 20.5% year-over-year (year-on-year) growth, driven primarily by a strong performance in the commercial segment. It recorded its second-biggest quarter among SMBs, shipping nearly 2,00,000 units and posting 37.5% year-on-year growth, according to the latest figures from IDC.
The company said it has a balanced market share in all sectors such as banking, financial services and insurance (BFSI), gaming, public sector, small and medium enterprises (SMEs), consumer and l ‘education. Lenovo said it has invested heavily in R&D over the past five years, which has led to its growth in various segments.
Lenovo said it has strengthened its manufacturing footprint in the country in line with the Indian government’s Atmanirbhar push. While it inherited a PC assembly and manufacturing unit from IBM when it brought in its PC business, it has now expanded the facility and has a capacity of over a million units. . Lenovo’s Indian operations generate approximately $2.2 billion in annual revenue and directly employ approximately 1,500 people.
June 19, 2022