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.
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 |
|
| BY TECHNOLOGY |
|
| BY CAPACITY |
|
| BY USE CASE |
|
| BY END USE |
|
| BY INDUSTRY VERTICAL |
|
| By Region |
|
This Research Report Covered in 12 Chapters (Pages: 370, Tables: 186, Charts: 95):
Chapter 1:Introduction
Chapter 2:Executive Summary
Chapter 3:Market Overview
Chapter 4:Tape Storage Market, By Component
Chapter 5:Tape Storage Market, By Technology
Chapter 6:Tape Storage Market, By Capacity
Chapter 7:Tape Storage Market, By Use Case
Chapter 8:Tape Storage Market, By End Use
Chapter 9:Tape Storage Market, By Industry Vertical
Chapter 10:Tape Storage Market, By Region
Chapter 11:Competitive Landscape
Chapter 12:Company Profiles
1.Company overview
2.Key executives
3.Company snapshot
4.Operating business segments
5.Product portfolio
6.R&D expenditure
7.Business performance
8.Key strategic moves and developments
0 Comments