As data assumes the importance of a strategic asset, the storage industry is poised to ramp up technology integration in 2023 and aim for new growth and profitable heights in the years to come.
With the ever-increasing flow of data across industries, trends in the digital storage space have caught the attention of industry experts. By the end of 2023, the total amount of data is expected to exceed 200 zettabytes, compared to the already massive levels of current storage capacity. Storing, processing, and processing such an enormous level of data leads to a series of experiments that will shape the industry in very different ways. Our annual forecast of storage data center trends for 2023 highlights a list of disruptive companies that have grabbed the spotlight and are poised to have a significant impact on the industry.
1) Soaring investment in data security: As predicted by the report, there has been a significant surge in investment in data protection and security across business sectors. This increase is evident in the increasing sensitivity of users and clients to data safety and information security. Specifically, the growth of the metaverse has targeted many segments of cybercriminals, and companies in these domains have invested heavily in providing users with a secure virtual experience.
Experts forecast the threat intelligence platform market to grow at a CAGR of 15.70% to reach $14.6 billion by 2030. New mergers and acquisitions are likely to take place in this space, and technology giant Accenture’s recent acquisition of Morphus is just the beginning of more. A key trend that will dominate the category in the coming years. The deal has already accelerated the pace of investment and may encourage more companies to work together to provide better data security for their target audience.
2) Growing use of AIOps and RPA: Artificial intelligence for IT operations (AIOps) and robotic process automation (RPA) are becoming more are becoming more and more part of society. Work culture in companies around the world. To capitalize on these opportunities, Hewlett Packard Enterprises (HPE) recently acquired OpsRamp to further leverage Greenlake multicloud capabilities for multicloud and vendor operations. Leveraging AIOps capabilities, OpsRamp’s SaaS platform provides superior protection automation and predictive insights, enabling clients to manage his IT stack with desired efficiency and effectiveness. Additionally, Telecom Egypt is committed to leveraging IBM’s cloud capabilities to better manage and streamline its overall IT operations.
3) Growing Demand for Cloud Security: The cloud security sector is expected to reach a market cap of $148.3 billion over the next decade with an estimated CAGR of 22.5% from 2023 to 2032. The growing demand for cloud security is driven by a variety of factors, including: 5G rollouts, tightening regulations, demands for better security credentials from across all stakeholders including users, clients and partners. Global demand for cloud security is increasing, especially in meeting compliance, maintaining systems, and achieving scalability, as cloud networks offer significant savings over on-premises systems.
4) Growing Kubernetes footprint: The Kubernetes ecosystem is growing at an enviable pace, and it’s no surprise. These solutions are easily scalable, have short configuration cycles, and provide flexible solutions for complex process architectures. Oracle recently incorporated her Kubernetes into its OKE managed services, a move that could impact adoption of containerized applications. Additionally, Goldman Sachs has increased its stake in the leading Kubernetes service provider as more companies migrate from on-premises systems to cloud networks, driving demand for solutions.
5) Growing green data center footprint: As sustainability takes center stage in both the political and economic arena, green data center (GDC) adoption is accelerating. GDC aims to minimize power consumption and greenhouse gas emissions by using sustainable methods to build, operate and maintain data centers. GDC’s segment grew from $57.58 billion in 2022 to $68.37 billion in 2023, at a CAGR of 18.7%. Many companies spearheaded his GDC revolution, with HPE spearheading the GreenLake edge-to-cloud platform with new-age technologies such as composable infrastructure and his OneView software. With the GreenLake platform, our clients can achieve greater efficiency, better performance, and improved profitability through easy access to our services anytime, anywhere, resulting in significant savings.
6) Expanding Immutable Backups: Immutable storage, with its distributed architecture and impeccable security, is the de facto favorite of enterprises and clients operating in a variety of product categories and service domains. Numerous new products, including those from Microsoft and Amazon, are further boosting the growth prospects of the immutable backup category. While Microsoft has added durable capabilities to Azure to enable the creation of immutable workflows, Amazon Web Services has enhanced its disaster recovery services to ensure business continuity even during network outages and natural disasters. bottom.
7) Adoption of flash storage: The increasing affordability factor of NAND flash storage is increasingly proving the changing landscape for adoption across industries. Pure’s FlashBlade//E product has dramatically lowered storage costs to under $0.20 per gigabyte, making it a viable option for businesses wishing to switch to non-volatile storage media. Additionally, the cost gap between disk and flash storage is closing. It’s only a matter of time before organizations start using flash as their primary storage method.
8) AI-based data centers: AI can help meet the growing demand for data storage the world is witnessing today. AI-based data centers leverage superior analytics and predictive capabilities to help businesses make the best possible use of their resources and operate at optimal levels. Big IT companies such as IBM, Dell, and Microsoft are investing heavily in AI-driven data centers that proactively anticipate demand and provide optimized data storage for their customers. AI-as-a-Service also catches up with NVIDIA announcing partnerships with cloud networks to bring AI-based cloud services to future customers.
The storage industry is constantly evolving to meet the changing demands and preferences of businesses, clients and users. We believe that some of the trends highlighted above will determine the direction of the digital data storage industry in 2023 and beyond. As these trends provide an important preview of what the storage industry will look like in the years to come and what players will need to do to keep pace with rapidly changing business scenarios, It is important.
The above views are those of the author.
end of article