The yearly growing quantities of dataflow creates a desired requirement for advanced data storage methods. Luminescent materials, which possess adjustable parameters such as intensity, emission center, lifetime, polarization, and etc., can be used to enable multidimensional Optical data storage (ODS) with higher capacity, longer lifetime and lower energy consumption. Multiplexed storage based on luminescent materials can be easily manipulated by lasers, and has been considered as a feasible option to break through the limits of ODS density. Substantial progress in laser-modified luminescence based ODS have been made during past decade. In this review, we recapitulated recent advancements in laser-modified luminescence based ODS, focusing on the defect-related regulation, nucleation, dissociation, photoreduction, ablation and etc. We conclude by discussing the current challenges in laser-modified luminescence based ODS and proposing the perspectives for future development.