Cloud will be business driver for the IT sector. IDC’s recent report confirmed it. It further pointed out “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% from 2010 to 2015, while enterprise spending on storage for the private cloud will experience a CAGR of 28.9%. By 2015, combined spending for public and private cloud storage will be $22.6 billion worldwide.”
Over the next five years public cloud providers as well the private cloud adopters will ensure that Cloud remain the key driver for IT spending. This demand will further drive strong growth for full range of storage solutions.
Public cloud service providers as well as major adopters of private cloud environments have five information requirements that are driving their current storage demands. These are:
- 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)