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Worldwide Global StorageSphere Forecast, 2022–2026: An Installed Base of 7.9ZB of Storage Capacity in 2021 Came at a Cost of $370 Billion — Is It Enough?

Publisher IDC
Published May 10, 2022
Length 25 Pages
SKU # IDC17167557

Description

Worldwide Global StorageSphere Forecast, 2022–2026: An Installed Base of 7.9ZB of Storage Capacity in 2021 Came at a Cost of $370 Billion — Is It Enough?

This IDC study presents a forecast for the worldwide IDC Global StorageSphere for 2022–2026. It measures the size of the installed base of storage capacity, storage utilization (or data stored), and the amount of storage available each year. The worldwide Global StorageSphere is forecast by region, media type, consumer or enterprise managed, location (core, edge, endpoint), system type or application, and cloud/noncloud."The 2021 installed base of storage in IDC's Global StorageSphere came at a cost of approximately $370 billion, yet storage media prices are declining slower this decade than in the prior decade," according to John Rydning, research vice president, Global DataSphere at IDC. "The door is open for a new, lower-cost storage technology to be developed and commercialized to expand the Global StorageSphere more rapidly, especially to address the demand by enterprises for longer-term data retention."

Please Note: Extended description available upon request.

Table of Contents

25 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
The Cost to Install Storage Capacity
Is 7,925EB of Storage Capacity Enough?
Worldwide IDC Global StorageSphere Forecast
The World Is Becoming More Efficient with the Installed Base of Storage Capacity: Storage Utilization Rates Are Moving Higher
Cloud and Noncloud
Enterprise Datacenter Global StorageSphere: Cloud and Noncloud
IDC Global StorageSphere by Core, Edge, and Endpoint
Regional IDC Global StorageSpheres
Regional Cloud and Noncloud StorageSphere Installed Base
IDC Global StorageSphere by Consumer Versus Enterprise
IDC Global StorageSphere by System/Application
IDC Global StorageSphere by Storage Media Type
Market Context
Drivers and Inhibitors
Drivers
Broader Adoption and Diffusion of Phones, Compute and IoT Devices, and Video Surveillance Systems Worldwide
Declining Cost of Storage Media
Inhibitors
Data Compression/Reduction
Another Black Swan Event
Significant Market Developments
DNA Data Storage
Web3 and Metaverse
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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