According to a report by Spiceworks, 59% of SMBs expect local shared storage needs to grow. But data is equally, if not more, valuable to smaller businesses as well. In 2020, the installed storage capacity was around 6.7 zettabytes, and this is expected to keep growing at a compound annual growth rate of 19.2 percent from 2020 to 2025.Ī majority of this data is captured and stored by the tech giants such as Google, Facebook, and Amazon. Nevertheless, along with the growth of data volumes, the storage capacity is also projected to increase. Of the data produced and consumed in 2020, just two percent were retained. Thankfully, not all of the data created is saved.
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