Data Storage Costs Over Time

The drive models selected were consumer drives like those we typically use in our data centers.

Data storage costs over time.

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. Over the last 30 years space per unit cost has doubled roughly every 14 months increasing by an order of magnitude every 48 months. To optimize your savings choose the right combinations of storage solutions that help you reduce costs while preserving performance security and durability. The data confirms it.

The internet made the cloud available as a service. The list price for the 3 tb barracuda drive is 99 99 making the price per gb 0 033. Data storage then and now as the size of storage drives shrink capacity increases dramatically. But while storage hardware is becoming more affordable the cost of file storage with all the associated costs continues to be a burden.

According to one infographic the average cost of storing a single tb of file data is 3 351 a year. 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 cloud offers essentially an infinite amount of data. Per gb storage or the space taken by the files and network transfer or essentially the cost of downloading the files.

This gives us a benchmark price for raw hdd storage today. The data on this chart was sourced from the current price of these drives on amazon. Cloud storage costs stem from two main sources. 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.

Storage capacity is billed in units of the average daily amount of data stored in gigabytes gb over a monthly period. There is a very strong exponential correlation in space cost ratio r 0 9916. 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.