Data Storage Costs Over Time

Per gb storage or the space taken by the files and network transfer or essentially the cost of downloading the files.

Data storage costs over time.

Over the last 30 years space per unit cost has doubled roughly every 14 months increasing by an order of magnitude every 48 months. The list price for the 3 tb barracuda drive is 99 99 making the price per gb 0 033. This gives us a benchmark price for raw hdd storage today. For example aws storage services portfolio offers options to help you lower pricing based on how frequently you access data and the performance you need to retrieve it.

But while storage hardware is becoming more affordable the cost of file storage with all the associated costs continues to be a burden. Here is a look at how data storage has changed over the last six decades. There is a very strong exponential correlation in space cost ratio r 0 9916. Storage capacity is billed in units of the average daily amount of data stored in gigabytes gb over a monthly period.

For example if you consistently used 10 gb of storage for the first half of the month and none for the second half of the month you would be billed for your average usage of 5 gb of storage. Improvements within the internet such as continuously lowering the cost of storage capacity and improved bandwidth have made it more economical for individuals and businesses to use the cloud for data storage. The manufacturing and marketing efficiencies that drive the pricing of hard drives seems to have changed over time. To optimize your savings choose the right combinations of storage solutions that help you reduce costs while preserving performance security and durability.

A dramatic drop in storage and associated data transfer costs would enable smaller companies to run analysis on large data sets and move more data to the cloud. The internet made the cloud available as a service. The data confirms it. Data storage then and now as the size of storage drives shrink capacity increases dramatically.

According to one infographic the average cost of storing a single tb of file data is 3 351 a year. The cloud offers essentially an infinite amount of data. Cloud storage costs stem from two main sources.