Data Growth

Data Storage Market

Each Year $1 Trillion in IT Spending is Shifting Towards Cloud Storage

$216

BILLION


$216 billion is expected to be spent on cloud storage in 2020, compared with the $114 billion currently being spent

2%

PER YEAR


IT budget dollars are moving away from enterprise data centers and into public clouds at a rate of more than 2% per year

24%

OF BUDGETS


On average, cloud spending will represent 24% of IT budgets by 2020

Information Created Worldwide

Expected to reach 163 Zettabytes by 2025



Cloud Storage Market Continues to Increase Significantly

The cloud storage market volume will reach 383.4 billion dollars by 2020


20162017201820192020
Cloud Business Process Services (BPaaS)40.843.847.651.756.2
Cloud Application Infrastructure Services (PaaS)7.28.910.612.614.8
Cloud Application Services (SaaS)38.646.355.164.975.7
Cloud Management and Security Services7.28.810.412.214
Cloud System Infrastructure Services (laaS)25.334.645.657.971.6
Cloud Advertising90.3104.5118.5113.6151.1
Total Market209.2246.8287.8332.7383.4

Every Minute on the Internet Creates the Need for Massive Data Storage


973,000

User Logins


18,000,000

Texts Sent


4,300,000

Videos Uploaded


174,000

Feeds Scrolled


375,000

Apps Downloaded


481,000,000

Tweets Sent


1,100,000

People Swiped


936,000

Stream Views


187,000,000

Emails Sent


3,700,000

Things Searched


38,000,000

Messages Sent


$863,000

Spent Online


2,400,000

Snaps Sent


25,000

GIFs Sent


266,000

Hours Watched

Source: Visual Capitalist

Cryptocurency Market Experiencing Exceptional Growth

Cryptocurency market expected to hit $2 Trillion

In January 2018, the capitalization of the cryptocurrency market reached $700 billion, an increase of $200 billion from December 2017. According to multimillionaire and digital currency supporter Michael Novogratz, the capitalization of the cryptocurrency market at the end of 2018 will be $2 trillion. Global awareness, interest and the acceptance of cryptocurrency is expanding on a daily basis. The security and transparency of blockchain technology, mixed with the speed and limitless trade potential of cryptocurrency are applicable in any sphere.

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