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- Aug 20, 2006
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Backblaze has looked into hard drive costs and found that the rate of change has slowed dramatically: from January 2009 to January 2011, the average cost for a hard drive decreased 45% from $0.11 to $0.06 ($0.05 per gigabyte), but from January 2015 to January 2017, the average cost only decreased 26% from $0.038 to $0.028 (just $0.01 per gigabyte). While the leading factor (e.g., interest, manufacturing hurdles) seems unclear, the challenge for storage industries is certain, being that data requirements are growing but the cost per gigabyte curve for hard drives is flattening out.
The manufacturing and marketing efficiencies that drive the pricing of hard drives seems to have changed over time. For example, the 6 TB drives have been in the market at least 3 years, but are not even close to the cost per gigabyte of the 4 TB drives. Meanwhile, back in 2011, the 3 TB drives models fell below the cost per gigabyte of the 2 TB drives they “replaced” within a few months. Have we as consumers decided that 4 TB drives are “big enough” for our needs and we are not demanding (by purchasing) larger sized drives in the quantities needed to push down the unit cost?
The manufacturing and marketing efficiencies that drive the pricing of hard drives seems to have changed over time. For example, the 6 TB drives have been in the market at least 3 years, but are not even close to the cost per gigabyte of the 4 TB drives. Meanwhile, back in 2011, the 3 TB drives models fell below the cost per gigabyte of the 2 TB drives they “replaced” within a few months. Have we as consumers decided that 4 TB drives are “big enough” for our needs and we are not demanding (by purchasing) larger sized drives in the quantities needed to push down the unit cost?