Cloud Storage Spending Poised for Increase in 2016
More than over 70 percent of respondents said they are expecting to increase their storage spending over the next 12 months, compared to 2015.Organizations will continue to transform their storage environments in 2016, with most expecting to increase their storage spending over the next year, according to a 451 Research report. Based on research conducted with more than 700 IT professionals worldwide, the report reveals that the proportion of spending on public cloud storage services will at least double over the next two years, largely at the expense of traditional, on-premises storage. More than 70 percent of respondents said they expect to increase their storage spending over the next 12 months, compared to 2015. However, storage spending growth in Europe and among very large organizations (over 10,000 employees) will be weaker than average, as will spending in the government and utilities verticals.
"The drivers of data growth vary quite widely between organizations, and almost all organizations are struggling to some degree," Simon Robinson, research vice president at 451, told eWEEK. "Our research tells us that the top driver overall is growth of file data, but the explosion of rich media data, especially high-definition video and other digital media, is creating some significant storage challenges in certain markets, such as entertainment and surveillance. Plus, more organizations are keeping more data to do increasingly sophisticated analysis, which pushes up storage costs."