TECH SUPPLIER May 2020 - Market Forecast - Doc # US46224920
Worldwide Global StorageSphere Forecast, 2020–2024: Continuing to Store More in the Core
By: David ReinselSr. Vice President, Global Datasphere, IoT, Mobility, Security, Consumer, Semiconductors, Telecom, Client Computing and Imaging/Print/Document Solutions, John RydningResearch Vice President, Global Datasphere
This IDC study presents a forecast for the worldwide Global StorageSphere market for the 2019–2024 period. It measures the size of the installed base of storage capacity and how much of the storage capacity is utilized or available each year. The worldwide Global StorageSphere is forecast by region, media type, consumer or enterprise managed, location (core, edge, endpoint), system type or application, and cloud/noncloud.
"The volume of data stored in the Global StorageSphere is doubling approximately every four years," according to John Rydning, research vice president, IDC's Global DataSphere. "While the COVID-19 pandemic will hamper economic growth and IT spending, it will have little impact on the expansion of the Global StorageSphere as consumers and organizations are likely to extend the useful life of existing storage capacity to keep up with the demand for storing more data, especially near term."
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