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State of Unstructured Data Management Report

Persistent data growth straining IT budgets

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State of Unstructured Data Management Report (subcription required)
Persistent data growth is straining IT budgets, causing more organizations to prioritize cloud data migrations but data visibility, planning and management across hybrid clouds remains a key roadblock.

Data Growth and Spending: Unstructured Data is Growing
• Over 60% of enterprises are managing more than 1PB of data and nearly 40% are managing more than 5PB of data.
• 65% of organizations spend more than 30% of their IT budgets on storage and management: One-third (33%) are spending 30-40% of IT budget on storage and data protection, while 31% are spending more than 40%.
• 62% will spend more on storage in 2021 vs. 2020.
• One-third (33%) of enterprises acknowledge that over 50% of their
data is cold, while nearly 20% don’t know.

Storage Modernization: Getting More Data to the Cloud is a Key Priority
• 50% of enterprises have data stored in a mix of on- premises and cloud-based storage.
• 43% are moving to or buying more cloud storage and 40% are investing in modernizing backup and DR systems in the next 12 months.
• Nearly half will spend more than 50% of IT budgets on cloud storage in the next 2 years.