target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Forecast - Doc Document number: # US50673423
Worldwide Global StorageSphere Forecast, 2023-2027: Despite Decreased Petabyte Demand Near Term, the Installed Base of Storage Capacity Continues to Grow Long Term
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Abstract
This IDC study presents a forecast for the worldwide Global StorageSphere for 2023–2027. It measures the size of the installed base of storage capacity, storage utilization (or data stored), and the amount of storage available each year. The worldwide Global StorageSphere is forecast by region, storage media type, consumer or enterprise managed, location (core, edge, endpoint), system type or application, and cloud/noncloud.
"The installed base of storage capacity in IDC's Global StorageSphere is growing more slowly than expected a year ago," according to John Rydning, research vice president, Global DataSphere at IDC. "As organizations evaluate the use of AI and plan for its adoption, it will be imperative to evaluate in parallel appropriate future data storage infrastructure requirements and retention policies."