Forward-looking: As a business mainly working in cloud storage space and information backup, Backblaze has actually handled lots of data over time. After crunching some figures, a definite figure involves light: the fee per gigabyte is steadily taking place, and it’ll shortly achieve an milestone that is unprecedented.
Backblaze has kept records for most of the drives that are hard with its cloud storage space company. Since 2009, the San Mateo-based company bought 265,332 HDDs and held careful documents of every one.
As recently uncovered by Andy Klein regarding the business’s formal weblog, last year the cost that is average gigabyte was $0.11. In 2017 during the first review of the cost of hard disks, Backblaze was spending just $0.03 per gigabyte. Today, when they are mostly getting 16TB HDD units, the storage cost has gone down to $0.014 per gigabyte.
NAND flash-based SSD units may have become the force that is driving customer investing and gratification improvements, however the trusty magnetized disks have actually however going out-of-fashion. HDDs are nevertheless quite popular in information facilities and enterprise surroundings as magnetized storage space technology remains developing as well as the figures given by Backblaze reveal just how much easier HDDs are (and certainly will probably carry on being) set alongside the SSD models that are largest on the market.
From 2009 to November 2022, magnetic storage cost experienced an 87.4 percent decrease per terabyte. The largest reduction has been recorded in the last five years, with a 56.36 percent decrease in the cost per gigabyte for all the drives. That’s equal to a 0.52 percent decrease per since
Manufacturers 2009.(* month) find brand-new techniques to cram more platters in identical standard form that is 3,5, figuring out how to increase the storage density while improving on energy consumption and production costs.
When will the race to the bottom of HDD costs end? For the time being, Backblaze is providing what the company thinks will be the next milestone in said bottomless race: in mid-2025, 22TB and 24TB drives are expected to have an average cost of $0.01 per gigabyte. And that’s a street that is stable not really a purchase cost, the organization stated.