Data Growth
Data Storage Market
Each Year $1 Trillion in IT Spending is Shifting Towards Cloud Storage
BILLION
$216 billion is expected to be spent on cloud storage in 2020, compared with the $114 billion currently being spent
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
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
| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Cloud Business Process Services (BPaaS) | 40.8 | 43.8 | 47.6 | 51.7 | 56.2 |
| Cloud Application Infrastructure Services (PaaS) | 7.2 | 8.9 | 10.6 | 12.6 | 14.8 |
| Cloud Application Services (SaaS) | 38.6 | 46.3 | 55.1 | 64.9 | 75.7 |
| Cloud Management and Security Services | 7.2 | 8.8 | 10.4 | 12.2 | 14 |
| Cloud System Infrastructure Services (laaS) | 25.3 | 34.6 | 45.6 | 57.9 | 71.6 |
| Cloud Advertising | 90.3 | 104.5 | 118.5 | 113.6 | 151.1 |
| Total Market | 209.2 | 246.8 | 287.8 | 332.7 | 383.4 |
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.
