Enterprise storage requirements have grown explosively over the last few years, and there’s no sign that that’s going to change in 2014. IDC predicts enterprise storage compound annual growth rates (CAGR) of over 50% through to 2016, and that means that budgets will be stretched as IT departments struggle to accommodate these growing storage requirements. The good news is that with the global economy improving, there may be room for increased budgets in some businesses.
There’s little doubt that one of the key drivers of this storage growth is Big Data and its related applications. There’s plenty of hype surrounding the term, but the fact is that Big Data is here to stay and the adoption of Big Data applications is still increasing. The only question is whether that 50% CAGR figure will stay the same or increase after 2016.