Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • 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
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • 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.”

      Avatar
      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.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 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.

      ×