Demand for Storage Growing at an Annual Rate of 50%

The surging growth and interest in "Big Data" is fueling growing demand for storage services, highlighting yet another opportunity for CHR Solutions' clients. Market research firm IDC just published two in-depth studies based on research regarding "Big Data and analytics (BD&A)."

IDC predicts the amount of data generated, processed and stored by most organizations will continue to grow aggressively for the foreseeable future, fueling a 53% compound annual growth rate for storage between 2011 and 2016.

"Storage will be one of the biggest areas of infrastructure spending for Big Data and analytics environments over the forecast period," Ashish Nadkarni, IDC research director, Storage Systems, was quoted in a press release. "Revenue from storage consumed by BD&A environments will increase from a mere $379.9 million in 2011 to nearly $6 billion in 2016."

Highlights of IDC's "Big Data Survey," which was conducted in this year's first quarter, include:

  • Performance was cited as the primary driver for selecting storage architecture among 68.6% of respondents. Another 59.5% indicated cost as a primary driver (multiple responses were allowed).
  • Just under 31% of respondents said they had no deployment of enterprise storage systems for data analytics infrastructure, but plan to start deploying in the next six months.
  • The type of converged infrastructure deployed for Big Data infrastructure was split almost evenly between discrete converged infrastructure (30.1%), Compustorage (29.4%), and Neither, we have done the integration in-house (28.4%).

CHR Solutions has built the infrastructure necessary to help our clients take advantage of this important growth trend. Clients can now approach potential customers with customized storage solutions to meet this demand. Contact us for more details.

Written by Michael Standley at 09:00
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