Earlier quoted context omitted.
So, the rate if increase (in density) is slowed by lack of demand for storage?
> lack of demand for storage and in turn, demand for storage is slowed by lack of need for storage. The real question should be: Where's my 4K video? My 10-bit-channel images? My lossless audio? Yes they are here but not nearly as common as content delivered in ancient formats from over a decade ago. For example go on a wallpapers subreddit, the vast majority is still in 8-bit 1920x1080 JPEG. Video is still mostly 10…
Besides, pirated video content was really the only thing that most normal people could fill up their hard drives with (okay, maybe GoPro people or people with huge Steam libraries, too), but the Netflix and YouTube and Amazon Prime have taken a huge chunk out of that.