As the digital industries are growing, so is data generation and data storage. According to FortuneBusinessInsights, data storage industry can grow 18% annually and is expected to reach $778 billion by 2030. One of the main reasons for the increase of data storage industries is AI and telecommunications which is increasing the value of data and needs bigger storage online. We've crunched numbers to find out how much online data generation is going to increase in the next few years.
According to the studies, the data that will be stored online in 2025 will be ten times higher than data stored online in 2015. In 2015, the total data generation was 16ZB while data generation is expected to reach 181ZB in 2025. In 2023, there was 120ZB data generated which may not seem a lot but is equal to 3800TB data created every second.
For data generation and data storage, data centers are used which also ensure the functionality of software. Data centers perform three important tasks– networking, storage and processing of data. They are important because all of the world’s online data is processed and stored through them and it is growing every year. As the need for more data centers is growing because of the latest technology and AI, more data will be stored online every year.
Read next: Shift in Consumer Influence And Marketing: Brands Bet on Social Media Stars Over Celebrities
According to the studies, the data that will be stored online in 2025 will be ten times higher than data stored online in 2015. In 2015, the total data generation was 16ZB while data generation is expected to reach 181ZB in 2025. In 2023, there was 120ZB data generated which may not seem a lot but is equal to 3800TB data created every second.
For data generation and data storage, data centers are used which also ensure the functionality of software. Data centers perform three important tasks– networking, storage and processing of data. They are important because all of the world’s online data is processed and stored through them and it is growing every year. As the need for more data centers is growing because of the latest technology and AI, more data will be stored online every year.
Read next: Shift in Consumer Influence And Marketing: Brands Bet on Social Media Stars Over Celebrities
