Cybersecurity Ventures predicts global storage will exceed 200ZB by 2025.
Data growth is driven by a rapidly expanding universe of Internet users, apps, and IoT devices. More than 5 billion people currently access and store data on their digital devices and in the cloud. Roughly 7.5 billion people will be doing the same by 2030.
The report predicts 338 billion lines of new software code will be generated in 2025, up from 111 billion in 2017.
The IoT market is due to reach 31 billion connected devices this year and 75 billion IoT devices by 2025, according to Cisco.
“Every time that we as scientists, and as human beings, try to predict data growth, it is always underestimated,” says Oussama El-Hilali, CTO, Arcserve.
“Ransomware, the fastest-growing cybercrime, is the most infectious data disease known to humankind, and it is harming more individuals and organizations every year,” says Steve Morgan, founder of Cybersecurity Ventures and editor-in-chief at Cybercrime Magazine.
The report also predicts that a business or consumer will be the victim of a ransomware attack every 5s by 2021.
An Arcserve study found that 25% of consumers will abandon a product or service in favor of a competitor after a single ransomware-related service disruption.
“To underestimate the amount of data, which is earth’s new natural resource, is to underestimate our need to protect it from cybercrime,” adds Morgan.
Total WW Storage Data at 6.8ZB in 2020, Up 17% From 2019 – IDC
CAGR of 18% for 2019-2024 [with our comments]
May 14, 2020 | Press Release