Next Big Futures article The next major tech breakthrough will likely occur before the year 2100, according to a new report from the US Federal Reserve Bank.
The central bank estimates that, between 2020 and 2026, the world will have the capacity to process about 13 terabytes of data per second, with about 15 terabytes available per person.
The new report also indicates that the total number of transactions processed in a single day could increase from 2 billion to as many as 5 billion by 2027.
The report estimates that these new technologies will allow companies to process more information and process transactions faster than ever before.
For example, the report states that the ability to process all the data stored in a cloud and all the information stored on servers in the cloud can allow companies such as Apple, Google, Facebook, Microsoft and Amazon to process billions of transactions in less than 10 seconds.
And the report says that this is only the beginning of the transformation.
In the report, the central bank notes that the pace of data processing will accelerate over time, but the rate at which it is done will increase over time.
The pace of computing is going to accelerate, as we become increasingly dependent on cloud computing, said Fed Chairman Ben Bernanke.
The rate at where people are accessing information will accelerate, and as we create new data and information, we will need new tools and technologies to handle the load.
And as we do, the rate of data access and processing will increase, the Fed said.
According to the report published on Monday, as much as 10 percent of global gross domestic product (GDP) is now handled by a single data center, and that is a rate that is likely to increase significantly in the future.
The study also predicts that the global data center market will double by the year 2028, as it currently is, to reach $1.5 trillion.
However, that increase is dependent on the continued development of new technologies.
The technology that is most likely to have a big impact on the data center industry is virtualization.
The Fed predicts that virtualization will drive a surge in new services such as data analytics, search, web-based services and online advertising.
The growth in virtualization is expected to be accompanied by a rise in the use of data centers to house the new computing power that will be used by these services, said the Fed.
However the report notes that these services will have to be delivered using new technologies to keep up with the increasing demand.
Virtualization is projected to be one of the largest drivers of growth in the industry in the next decade, with its growth expected to grow at a rate of 2.3 percent per year, the largest single-year growth in 25 years.
The use of virtualization services will continue to be a growing part of the industry, but this growth will be dependent on continued improvements in virtualizing technology and a shift from centralized data centers.
As a result, the technology used to deliver virtualization and related services may not be able to keep pace with the growing demand, said Bernanke in the report.
In a note published on Tuesday, the US central bank said that the number of new virtual servers needed to meet the growing needs of the cloud market is expected be higher than ever.
But the report also predicts this growth may not reach its peak until 2030.
The forecast also predicts a rapid shift in the way cloud computing is deployed, with more and more companies looking to leverage virtualization to deliver services to customers.
This shift is projected not to occur in the same time frame as the increase in the number and size of cloud servers.