FRAMINGHAM, Mass.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/IDCStorageSphere?src=hash” target=”_blank”gt;#IDCStorageSpherelt;/agt;–In its inaugural Global
StorageSphere forecast, International Data Corporation (IDC)
estimates that the installed base of storage capacity worldwide will
more than double over the 2018-2023 forecast period, growing to 11.7
zettabytes (ZB) in 2023.
IDC’s Global StorageSphere measures the size of the worldwide installed
base of storage capacity across six types of storage media, and how much
of the storage capacity is utilized or available each year. The
installed base of storage capacity is a cumulative metric: it is
equivalent to the amount of new storage capacity deployed over the span
of several years minus the systems or storage devices that either fail
or are retired or decommissioned each year. The Global StorageSphere is
a product of IDC’s Global
DataSphere program, which measures how much new data is created
and/or replicated each year.
“The Global StorageSphere is large and diverse, encompassing many
different storage technologies, and growing rapidly,” said John
Rydning, research vice president at IDC. “Within the Global
StorageSphere, enterprises, especially cloud providers, are increasingly
being relied upon to store and manage the world’s repository of data.”
Key findings from the Global StorageSphere forecast include the
Only 1-2% of the data created or replicated each year is saved or
stored for any period of time; the rest is either immediately analyzed
or delivered for consumption and is never saved to be accessed again.
Yet suppliers added more than 700 exabytes (EB) of storage capacity
across all storage media types to the worldwide installed base in
2018, generating over $88 billion in revenue.
The installed base of storage capacity being managed by enterprises is
outpacing that of storage capacity managed by consumers, largely
because consumers increasingly rely on enterprises, especially cloud
offerings, to manage their data. By 2023, IDC estimates that
enterprises will be responsible for managing more than three quarters
of the installed base of storage capacity.
The installed base of storage capacity is expanding across all
regions, yet it is growing faster in regions where cloud datacenters
already exist or are expanding. The installed base of storage capacity
is largest in the Asia/Pacific region and will expand to 39.5% of the
Global StorageSphere in 2023.
The IDC report, Worldwide
Global StorageSphere Forecast, 2019-2023: Meaningful Shifts in How and
Where Data is Stored (IDC #US44780519), measures the size of the
installed base of storage capacity and how much of the storage is
utilized or available each year in the Global StorageSphere. The
installed base of storage capacity is forecast by the following
segments: storage media type, system applications (e.g., PCs, mobile
phones, servers, etc.), region, consumer/enterprise, and cloud/non-cloud.
International Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services, and
events for the information technology, telecommunications, and consumer
technology markets. With more than 1,100 analysts worldwide, IDC offers
global, regional, and local expertise on technology and industry
opportunities and trends in over 110 countries. IDC’s analysis and
insight helps IT professionals, business executives, and the investment
community to make fact-based technology decisions and to achieve their
key business objectives. Founded in 1964, IDC is a wholly-owned
subsidiary of International Data Group (IDG),
the world’s leading media, data and marketing services company that
activates and engages the most influential technology buyers. To learn
more about IDC, please visit www.idc.com.
Follow IDC on Twitter at @IDC