Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Small Business

    Cloud Storage Spending Poised for Increase in 2016

    By
    Nathan Eddy
    -
    January 25, 2016
    Share
    Facebook
    Twitter
    Linkedin
      cloud and storage

      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.”

      On average, spending on public cloud storage will account for 17 percent of total enterprise storage spending by 2017, up from 8 percent today. In some verticals—such as retail—the public cloud will account for 25 percent of total storage spending by 2017, while spending on on-premises storage will fall from 70 percent in 2015 to 58 percent in 2017.

      “Seeing our respondents call out Amazon as a top supplier in the next couple of years was a surprise,” Robinson said. “Clearly, the public cloud is a reality for many organizations, but the fact that cloud providers are now being viewed as strategic suppliers—instead of niche or edge use cases—was surprising to me. Maybe related, respondents called out DR [disaster recovery] and backup as their top project for 2016; the cloud potentially has a big role to play here.”

      From a storage products perspective, spending will increase most on public cloud and all-flash arrays, while spending on traditional storage area network and network-attached storage products will be more muted, and the largest spending declines will be on tape products.

      “Overall, as more applications continue to migrate to cloud, the requirements for on-premises storage will diminish, and the research tells us that is happening for real,” Robinson said. “At the tactical and technology level, the storage that remains on-premises is transitioning to new approaches, especially flash-based approaches, hyperconverged approaches and object storage.”

      Nathan Eddy
      A graduate of Northwestern University's Medill School of Journalism, Nathan was perviously the editor of gaming industry newsletter FierceGameBiz and has written for various consumer and tech publications including Popular Mechanics, Popular Science, CRN, and The Times of London. Currently based in Berlin, he released his first documentary film, The Absent Column, in 2013.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×