Will cloud storage ever replace the hardware storage in future?

cloud storage

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Is Cloud Storage going to replace the local hardware? Or will it in the future? This is the question coming in the argument from a very long time. Most of the times people say it is replacing very fastly. And some say it is not and will not in future. Here’s what I think.

For accessing the cloud, you’ll need hardware. You’ll need to access the file quickly then also you need to have local storage where you’ll store that file. Also, internet speed is a big concern in developing countries so if you need that file urgently, only locally available file can be made available fast.

So, the cloud may reduce the use of local storage, but it possibly never replaces it completely. What do you think?