Nikhil,
From the perspective of any storage sub-system, whether SAN, NAS, or JBOD, neither the number of "objects" stored nor the volume of storage has any impact on the processing or activity of the storage sub-system. For example, the storage sub-system could be completely powered down, using zero resources, and the number of "objects" stored or the volume of storage would not change. So number of data objects or data volume is not a useful metric for determining how many CPUs to allocate to a Delphix engine.
What matters is I/O (input/output), the volume of data actively being transferred into and out from the storage sub-system (a.k.a. reads and writes). Metrics for I/O are measured either by counting them (i.e. IOPS a.k.a. I/O's per second) or by their data volume rate (i.e. MB/s, GB/s, etc).
So if you have a database, you can measure either IOPS or MB/s by monitoring statistics within the database. Which database software are you using? Oracle? SQL Server? DB2?
Hope this helps...
-Tim