Discover the Advantages of Tape Storage for Your Business: Cost-Effective, High-Capacity, and Reliable Data Backup Solution

What is Tape Storage?

Tape storage or magnetic tape data storage is a system that is used for storing digital information on magnetic tape using digital recording. Tape drive is a device that performs writing or reading of data.

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/5927

How good is tape as Storage?

It is based on one of the oldest concepts of digital information storage and continues to be in strong demand as an economical, secure, and scalable tape storage method to retain and protect infrequently accessed, yet essential data for long term. The key benefits of tape storage are long-term durability, low cost, and high data storage capacity.

What is the Main Advantage of Tape Storage as a Backup?

The main advantages of tape storage as a backup are high capacity, cost-effectiveness, durability, portability, and longevity. The global tape storage market size is expected to reach from $4.31 billion in 2019 to $9.42 billion by 2030, growing at a CAGR of 7.8% from 2020 to 2030.

What's driving the tape storage market growth?

Extensive rise in data volumes and growth in adoption of tape storage by large enterprises primarily drives growth of the tape storage market growth. In addition, rise in threats of ransomware attacks on organization networks further fuels the market growth. In addition, growth in industrialization fuels the tape storage market trends.

Is tape storage coming back?

Tape storage has never really gone away, and it continues to be used by many organizations as a backup and archival storage solution. While tape storage has faced competition from newer technologies, such as disk-based storage and cloud storage, tape still offers advantages in terms of capacity, cost-effectiveness, durability, and longevity. So, while tape storage may not be as widely used as it once was, it remains a viable option for many organizations.

What are the major players in the tape storage market growth?

The company profiles of tape storage market players included in this report are Dell Technologies Inc., Hewlett Packard Enterprise, International Business Machines Corporation, Lenovo, Oracle Corporation, Overland Tandberg, QStar Technologies, Inc., QUALSTAR CORP., Quantum Corporation, and Spectra Logic Corporation.

The global tape storage industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market growth.

Which country is the highest revenue generator in the tape storage market?

Region wise, tape storage market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $1,064.00 million, and is estimated to garner $2,599.20 million by 2030, growing at a CAGR of 8.90%.

What are the current happenings in tape storage market?

1. Continued demand for tape storage

2. Advancements in tape technology

3. Expansion into new markets

4. Increased focus on sustainability

Tape Storage Market Report Highlights

Aspects	Details
BY COMPONENT	Tape Cartridges Tape Vault
BY TECHNOLOGY	LTO-1 to LTO-5 LTO-6 LTO-7 LTO-8 LTO-9 DDS-1 DDS-2 DDS-3 DDS-4 DLT IV
BY CAPACITY	Less Than 1 TB 1 TB to 200 TB 201 TB to 999 TB 1 PB to 100 PB More Than 100 PB
BY USE CASE	Archiving Backup
BY END USE	Cloud Providers Data Center Enterprises
BY INDUSTRY VERTICAL	IT & Telecom BFSI Media & Entertainment Healthcare Oil & Gas Government & Defense
By Region	North America (U.S, Canada, Mexico) Europe (Germany, UK, France, Rest of Europe) Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)