Public Cloud spending to double by 2017 says research

Public Cloud Storage spending will double up by 2017 says a survey report by 451 Research, which found that organizations will continue to transform their storage environments in 2016. The research confirmed that on premises storage spend in the said time period will fall by 17 percent.

The survey was carried out on more than 700 IT professionals worldwide on end-user trends in enterprise storage, over 70% of respondents expected to increase their storage spending over next 12 months.

451 research also confirmed that storage spending growth in Europe will be weaker than average, as with spending in government and utilities verticals. The study confirmed that data center managers are finding it hard to deal with storage capacity and data deluge in their enterprise environment.

According to the respondents, improved backup and disaster recovery will be top storage objectives for 2016.

In retail sector, the findings indicate that public cloud will account for 25% of total storage spending by 2017, while spending on on-premises storage will fall from 70% in 2015 to 58% in 2017.

As of now, traditional storage players like EMC and NetApp dominate the list of strategic players today. But 451 claims that this trend will change in next two years as Amazon Web Services and Microsoft become top five storage vendors.

From a storage products perspective, the study concluded that spending will increase the most on public cloud and all-flash arrays. While spending on traditional SAN and NAS products will be more muted. The largest spending declines will be on tape products.

What do you say on this research?

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