If there's one thing that information technology professional can count on in the technology industry, it is that the amount of data out there will continue to grow. One of the places we can look to for continued growth is in the cloud. To illustrate that point, in a recent report put out by 451 Research, it is projected that cloud storage expenditure will double in two years.
The study looked at ways that most organizations will be increasing their storage expenditures, and by all indications there is a significant portion of them that will increasingly moving storage to the public cloud. Amazon Web Services and Microsoft (News - Alert) Azure stand to gain the most of this migration to cloud based storage, but among the interesting findings in the report, growth was not the only projection. One of the issues at the top of the concerns list is improving backup and disaster recovery. We can expect cloud services to complement those needs.
Cloud services in general can be expected to take up more storage as applications and data grows. There is no secret about the fact that software vendors are increasingly shifting to a mobile code base that is largely cloud-based. This necessitates storage within native and parallel cloud environments.
From telecommunications, banking, professional services, and manufacturing, there are countless representative examples, industries that utilize cloud services cover a wide range and variety. This illustrates how both flexible cloud platforms and cloud storage are in the modern business application dynamic. Public cloud growth is on an impressive track of growth across the board and this growth is behind the massive disruption in the storage market. Increasingly, information technology budgets will shift towards storage spending, which will inevitably have an effect on traditional storage companies such as EMC and Dell (News - Alert).
The report uncovers trends and indicators of how businesses are realizing the value of data while increasingly looking towards the best ways of optimizing it. With big data initiatives and a constantly evolving application delivery model that is focused on the cloud, it is natural that storage also moves into the cloud. Capacity will help drive this trend going forward.
Edited by Kyle Piscioniere