Object Storage Statistics


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Object Storage Statistics 2023: Facts about Object Storage outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Object Storage, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

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Top Object Storage Statistics 2023

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Object Storage “Latest” Statistics

  • Lustre is one of the first storage items, 70% of the Top 100 supercomputers and 50% of the Top 500.[1]
  • By using up to 46% more efficient IT storage teams, you may transform its function into one of facilitation and innovation.[2]
  • Optimize any workload and find the data’s hidden value; execute analytical queries up to 34% quicker, cut latency down to 22%, and boost application performance up to 30%.[2]
  • By the year 2025, unstructured data might account for up to 80% of all data globally.[3]
  • Compared to rivals, consistent worldwide OCI object and archive storage pricing give savings of 30% or more in certain areas.[4]
  • ActiveScale cold storage up to 80% less money is spent on storing your cold data sets.[5]
  • Up to 80% cheaper than any other object storage solution, you may get more value out of your expanding data sets with our system.[5]

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How Useful is Object Storage

One of the key benefits of object storage is its scalability. Traditional storage systems can be limited in terms of the amount of data they can handle, which often leads to additional costs as organizations need to constantly expand their storage infrastructure. Object storage, on the other hand, allows for virtually unlimited scalability, making it an ideal solution for organizations with large and growing volumes of data. This scalability also means that organizations can pay for the storage they use, which can result in cost savings in the long run.

Another advantage of object storage is its ability to efficiently store and retrieve data. Traditional storage systems store data in a hierarchical structure, which can make it difficult to quickly access specific pieces of information. Object storage, on the other hand, stores data as objects with unique identifiers, making it easier to access and manage data. This can be particularly useful for organizations that need to quickly retrieve specific pieces of information, such as in e-commerce or content management systems.

Additionally, object storage is known for its high levels of data durability and availability. Objects stored in an object storage system are typically replicated across multiple storage nodes, ensuring that data is always available even in the event of hardware failures or other issues. This can be crucial for organizations that need high levels of data availability and reliability.

Furthermore, object storage is highly compatible with cloud computing environments. Many cloud providers offer object storage services that allow organizations to easily migrate and store data in the cloud. This compatibility with cloud environments is important for organizations that are looking to take advantage of the benefits of the cloud, such as scalability, flexibility, and cost savings.

Despite these benefits, object storage is not without its limitations. One key limitation is that object storage may not be suitable for all types of data. While object storage is great for unstructured data like images, videos, and documents, it may not be the best solution for structured data that requires complex queries and operations. In such cases, traditional relational databases may be a better option.

In conclusion, object storage is a highly useful storage solution that offers scalability, efficiency, durability, and compatibility with cloud computing environments. While it may not be suitable for all types of data, it is definitely a valuable tool for organizations that need to efficiently manage and store large volumes of unstructured data. As data continues to grow at exponential rates, object storage will likely become an even more critical component of organizations’ storage infrastructure.

Reference

  1. wikipedia – https://en.wikipedia.org/wiki/Object_storage
  2. dell – https://www.dell.com/en-us/dt/storage/data-storage.htm
  3. ibm – https://www.ibm.com/cloud/learn/object-storage
  4. oracle – https://www.oracle.com/cloud/storage/object-storage/
  5. quantum – https://www.quantum.com/en/products/object-storage/

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