Data Storage Cost Trends

The maturity of storage as a service is one data storage trend that s hard to overlook as all the major vendors offer it as an option.

Data storage cost trends.

Platter that could store up to 10 terabytes tb of data or a 2 5 in. Despite lingering security concerns only 31 of organizations are as comfortable storing data in the cloud storage as they are on premises businesses of all sizes will increasingly store more data in the cloud. The data confirms it. In addition several industry verticals such as bfsi retail healthcare and public sector with a large customer base tend to store critical business information.

As they succeeded data storage went from a washing machine sized container of disks to a 3 5 in. There is a very strong exponential correlation in space cost ratio r 0 9916. Buying on demand allows a company to switch capital costs to an opex purchasing model. Dell technologies and netapp joined the as a service game in big ways in 2019.

Per gb storage or the space taken by the files and network transfer or essentially the cost of downloading the files. Over the last 30 years space per unit cost has doubled roughly every 14 months increasing by an order of magnitude every 48 months. Enterprise storage has been evolving in recent years as more data and more kinds of data enter the digital universe and enterprises seek the most. Storage capacity is billed in units of the average daily amount of data stored in gigabytes gb over a monthly period.

A dramatic drop in storage and associated data transfer costs would enable smaller companies to run analysis on large data sets and move more data to the cloud. Residential energy storage commercial and industrial c i energy storage utility scale energy storage and ev batteries evbs. Business cloud storage trends. Growth indemand for low cost data storage backup and data protection has augmented the growth of the market among several user groups including small medium and large enterprises.

This guidehouse insights report examines the pricing trends and issues driving growth for energy storage technologies. For example if you consistently used 10 gb of storage for the first half of the month and none for the second half of the month you would be billed for your average usage of 5 gb of storage.