Backblaze Predicts HDD Prices Will Fall To 1 cent/Gb By Mid-2025
Blocks&Files, December 12th, 2022
Disk drive price falls in $/GB terms are continuing at a slower rate than before but are set to reach one US cent per GB, according to Backblaze.
This is shown in a blog by Andy Klein, an evangelist at Backblaze with the very modern title of Principle Storage Cloud Storyteller.
He says Backblaze was buying hard disk drives (HDDs) at more than $0.11 per GB in 2009 when it launched. By 2017 that had fallen to just under $0.03/GP with 8TB drives, and this year it is at $0.014/GB with 16TB drives. To date, Backblaze has bought around 265,300 HDDs. The vendor says it pays more than the lowest street price to get assured delivery times for the large numbers of drives required for its cloud storage business.