Devices that use light to store and read data have been the backbone of data storage for nearly two decades. Compact discs revolutionized data storage in the early 1980s, allowing multi-megabytes of data to be stored on a disc that has a diameter of a mere 12 centimeters and a thickness of about 1.2 millimeters. In 1997, an improved version of the CD, called a digital versatile disc (DVD), was released, which enabled the storage of full-length movies on a single disc. Holographic memory is developing technology that has promised to revolutionalise the storage systems. It can store data upto 1 Tb in a sugar cube sized crystal. Data from more than 1000 CDs can fit into a holographic memory System. Most of the computer hard drives available today can hold only 10 to 40 GB of data, a small fraction of what holographic memory system can hold. Conventional memories use only the surface to store the data. But holographic data storage systems use the volume to store data. It has more advantages than conventional storage systems. It is based on the principle of holography.