Backblaze has managed numerous hard disks throughout the years as a business specializing mostly on cloud storage and data backup.
A clear statistic emerges after some number crunching: the price per gigabyte is steadily declining and will soon hit an exceptional milestone.
Most of the hard disks utilized in Backblaze’s cloud storage operation have records.
The San Mateo-based company has bought 265,332 HDDs since 2009 and meticulously tracked each one.
Although NAND flash-based SSDs may now be the main driver of consumer expenditure and performance enhancements, magnetic discs are still widely used today.
As magnetic storage technology is continually developing, HDDs are still quite popular in data centers and enterprise settings.
The statistics provided by Backblaze demonstrate how much more convenient HDDs are (and will probably continue to be) compared to the largest SSD models now on the market.
Magnetic storage costs per terabyte decreased by 87.4% between November 2022 and 2009.
The cost per gigabyte for all drives has decreased by 56.36 percent over the past five years, which is the biggest decrease ever.
This represents a monthly decline of 0.52 percent since January 2009.
Manufacturers are coming up with novel ways to fit more platters into the same standard 3,5″ form factor, reducing energy usage and production costs while enhancing storage density.
When will the HDD price war come to an end? Backblaze is now offering what it believes will be the following checkpoint in the aforementioned bottomless race.
The business predicted that by mid-2025, 22TB and 24TB SSDs would cost $0.01 per gigabyte on average, which would be a stable street price rather than a sale price.
To read our blog on “1 TB storage might be feasible in just $5 with new optical disc technology,” click here.
