David Sims writes that the cloud may soon be the only place with enough room to store Big Data.
As industry observer Scott M. Fulton III notes the demand for storage outside the data center “may soon eclipse demand for storage inside it, if the latest four-year forecast by analyst firm IDC (News – Alert) proves accurate.” Fulton refers to a report released by IDC’s Vice President for storage systems Richard Villars which calculates that enterprises worldwide spent $3.3 billion for public cloud-based storage in 2010. It projects a compound annual growth rate of 28.9 percent for cloud storage from last year on to 2015. That would put worldwide expenditures at $11.7 billion.
Read the Full Story.