HDD storage costs could continue to plummet

Date:
Wed, 14 Dec 2022 16:03:07 +0000

Description:
Backblaze believe HDDs will cost one cent per GB by 2025, and evidence suggests SSD prices are dropping too.

FULL STORY ======================================================================

In a world where everything is getting more expensive, and many computing components have hit record highs, there may be some good news coming in the storage world.

Cloud storage specialist Backblaze reckons that HDD prices are set to
plummet even further, which could be good news for the casual user.

Renowned for being less responsive than SSDs , HDDs are also larger and so arent as suitable for fitting into the small form factors that customers
like. If having access to huge amounts of storage is of importance, though, the best is yet to come. HDD vs SSD cost

Backblaze reckons that, by 2025, HDD prices will reach a record low of $0.01 per GB, placing the price of a 1TB drive in the region of just $10, and it
has plenty of data to back up its prediction.

With purchase records dating back to 2009 (when the company was paying around $0.11 per GB), it has purchased more than a quarter of a million hard drives measuring as high as 16TB, with plans to place orders for 18TB, 20TB, and
even 22TB drives as pricing meets Backblazes expectations. Read more

These are the best cloud backup services around

SSD could hasten demise of HDD as price parity looms in 2023

Looking for a boot drive? Here's why you should go for an SSD, not an HDD

Its also keen to stress that it uses PMR/CMR drives as opposed to SMR drives which can be even cheaper. The tradeoff for using an SMR drive is that it can be significantly slower.

Despite the effects of the pandemic, Backblazes figures show a 56% decrease
in the cost per GB between 2017 and November 2022. A broader look at the trends show significant drops to prices in earlier years, and while the chart does seem to be levelling off as we head into the mid 2020s, there still appears to be room for further reductions in prices. (Image credit:
Backblaze)

While generally more expensive, Trendfocus analysts reckon that SSD prices could halve by mid-2023 (via Toms Hardware ). Currently, buyers can expect to pay around $0.06-$0.08 per GB, making a 512GB hard drive to be about $30.72-$40.96. Thinking of upgrading your storage? Here are the best HDDs



======================================================================
Link to news story: https://www.techradar.com/news/hdd-storage-costs-could-continue-to-plummet


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)