A New, Crowdsourced Model for Cloud-Based Storage | IDC Market Note

Taylor Williams
September 30, 2021

The secret to the economically compelling approach of Storj DCS is how they maintain and grow their infrastructure, crowdsourcing individual Nodes across the world, which gives them a highly available, durable, and default multi-region decentralized cloud storage service. Data will continue to grow rapidly, with up to 80% of data created in the next five years being unstructured, which underpins the need for a cost-effective cloud object storage service like Storj DCS. 

Check out the IDC Market Note that provides an executive snapshot of the rise of economically compelling cloud-based storage that is Storj DCS. Here are the key takeaways: 

  • Storj DCS is decentralized cloud object storage offering “eleven nines” of durability, 256-bit encryption standard on every file (including metadata), and 99.5% availability (to date it has been 100%) with over 25,000 customers.
  • Priced 80% less than other cloud storage providers, the service is more affordable while providing durability and availability that centralized providers can’t match 
  • Key focus areas for Storj DCS include streaming services, content distribution, and data protection. The company’s decentralized architecture is aiming to disrupt existing cloud storage services, which may work sooner than expected.

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