Big data drives big demand for storage, IDC says

Compound annual growth rate expected to be 53% between 2011 and 2016

Tags: International Data Corporation (IDC) (www.idc.com)
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Big data drives big demand for storage, IDC says Storage is a vital component of the big data and analytics infrastructure, remarked IDC.
By  Stephen McBride Published  April 18, 2013

As demand for big data technology and services continues to escalate, all levels of the big data technology stack will experience significant growth, according to market research company International Data Corporation (IDC).

Storage, as a critical piece of the infrastructure is expected to increase at a compound annual growth rate (CAGR) of 53% between 2011 and 2016.

IDC the recent publication of two in-depth studies: "Storage for Big Data: Insight Into Usage Patterns" and "Influencers in Deployment of Storage for Big Data". The reports are built on findings from the company's first-ever survey on storage infrastructure for big data and analytics.

The amount of data generated, processed, and stored by most organisations will continue to grow aggressively for the foreseeable future, IDC said.

"Storage will be one of the biggest areas of infrastructure spending for big data and analytics environments over the forecast period," said Ashish Nadkarni, research director, Storage Systems.

"Revenue from storage consumed by BD&A environments will increase from a mere $379.9m in 2011 to nearly $6bn in 2016. This growth will come largely from capacity-optimised systems, including dense enclosures. However, software-based distributed storage systems with internal disks to store post-processed data will also be embraced by some users."

Additionally, businesses will continue to tap into newer data sources as they move their analytics efforts from search to discovery. This shift will accelerate spending on infrastructure and data organisation platforms will continue to accelerate.

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