Data Storage Costs Over Time

Over the past 50 years data storage development has blown past barrier after barrier to give us denser higher capacity hard drives and flash storage at ever cheaper costs.

Data storage costs over time.

The cloud offers essentially an infinite amount of data. A dramatic drop in storage and associated data transfer costs would enable smaller companies to run analysis on large data sets and move more data to the cloud. The data on this chart was sourced from the current price of these drives on amazon. There is a very strong exponential correlation in space cost ratio r 0 9916.

The manufacturing and marketing efficiencies that drive the pricing of hard drives seems to have changed over time. But what about the specific costs associated with storing your data on tape or in the cloud over a longer period of time. Cloud storage costs stem from two main sources. The list price for the 3 tb barracuda drive is 99 99 making the price per gb 0 033.

Factoring in scalability technology refresh and operating costs like power administration floor space and support renewal over time can make a big difference in the storage acquired hiles says. The file sharing services we steadily depend on for on the go access is costing companies an average of 450 per user. Over the last 30 years space per unit cost has doubled roughly every 14 months increasing by an order of magnitude every 48 months. The drive models selected were consumer drives like those we typically use in our data centers.

Per gb storage or the space taken by the files and network transfer or essentially the cost of downloading the files. To optimize your savings choose the right combinations of storage solutions that help you reduce costs while preserving performance security and durability. The data confirms it. Let s start with taking a look at cloud in order to meet budget requirements while maintaining the value of data to the business some storage professionals have considered cloud based storage for storing second copies of.

Improvements within the internet such as continuously lowering the cost of storage capacity and improved bandwidth have made it more economical for individuals and businesses to use the cloud for data storage. The internet made the cloud available as a service.