New Study Confirms Storage Infrastructure Demand will Continue to Surge
Posted on Monday, May 9, 2016
Another recently published industry report confirms that corporate demand for storage capacity will continue to accelerate in the near future. The Global Big Data Infrastructure Market 2016 – 2020 report from Sandler Research estimates that the big data infrastructure market will experience a compound annual growth rate of 33.15% over the next five years.
Big data programs are the obvious trigger for this growth in demand, but the introduction of IoT will only serve to accelerate growth. With potentially millions of new records being created by sensors every hour, storage demands will continue to surge.
Confirming IDC's findings
Just a matter of weeks ago, IDC's quarterly storage report found that although revenue is down in the sector, volume shipments are up year on year. But the reality is that these findings are perfectly obvious to any CTO whose own data estate is growing at a phenomenal rate.
To address the need for more capacity, many businesses may be off-loading their data to the cloud, and the responsibility for hardware provisioning to their provider. But all this data needs to go somewhere, so providers are being forced to grow their own capacity to cope.
Does it have to be new?
In many cases, businesses are choosing cloud for archiving purposes. As the cost of cloud storage continues to fall, it can be more economic to offload infrequently used data. And with this in mind, cloud providers have a chance to reduce their own costs.
For applications, like archiving, where latency is less of an issue, cloud providers can install cheaper spinning disk arrays. They can further reduce the cost of infrastructure by deploying (or redeploying) proven and reliable post warranty hardware. In a cloud configuration, the physical infrastructure remains invisible to the customer; they get the capacity they need at a price that works for the provider.
And this use of legacy hardware for archiving works for both cloud providers and businesses keen to keep their data on site. In fact, there is nothing to stop organizations redeploying their own post-warranty hardware to build a hybrid cloud platform on site. This delivers cost effective, elastic storage without the need to outsource operations at all.
Ready to learn more about meeting the challenges of your Big Data future? Drop us a line.
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