MarketBite

Demand from public, private cloud to drive storage: IDC

Posted on: November 14, 2011


  • Cloud computing will be a key driver of net new IT spending over the next five years as public cloud service providers and the adopters of private cloud environments invest in the supporting infrastructure.
  • According to a new report from International Data Corporation (IDC), ‘Worldwide Enterprise Storage for Public and Private Cloud 2011-2015 Forecast: Enabling Public Cloud Service Providers and Private Clouds’, overall spending by public cloud service providers on storage hardware, software, and professional services will grow at a compound annual growth rate (CAGR) of 23.6 per cent from 2010 to 2015.
  • While enterprise spending on storage for the private cloud will experience a CAGR of 28.9 per cent. By 2015, combined spending for public and private cloud storage will be $22.6 billion worldwide.
  • Despite current economic uncertainties, IDC expects cloud service providers — both public and private — to be among the most expansive spenders on IT products and services as they continue to build out their facilities worldwide and expand their service options,” said Richard Villars, vice president, Storage Systems & Executive Strategies, IDC.
  • The most significant driver of storage consumption over the past three years has been the emergence of public cloud-based application and infrastructure providers. Many of these cloud-based service providers (e.g., iTunes, Netflix, YouTube, Facebook) act as content depots, which are primarily in the business of gathering, organizing, and providing access to large quantities of digital content.
  • Meanwhile, other cloud-based service providers have emerged with a focus on delivering IT infrastructure and applications in an “as a service” model (e.g., salesforce.com, WebEx Connect, Amazon Web Services, etc.). Over the past several years, these companies have undertaken massive storage build-outs as they have expanded their service offerings, entered new markets, and extended their geographic reach.
  • Enabling more efficient delivery of information/applications to Internet-based customers
    • Reducing upfront infrastructure investment levels (i.e., cutting the cost and time associated with deploying new IT and compute infrastructure)
    • Minimizing internal IT infrastructure investment associated with “bursty” or unpredictable workloads
    • Lowering and/or distributing the ongoing costs associated with long-term archiving of information
    • Enabling near-continuous, real-time analysis of large volumes and wide varieties of customer-, partner-, and machine-generated data (Big Data)
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