IMARC Group, a leading market research company, has recently releases report titled “Tape Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global tape storage market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Tape Storage Market?
The global tape storage market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
What is Tape Storage?
Tape storage is a method of digitally preserving information using magnetic tape technology. It involves recording data onto magnetic tape cartridges, which offer a secure and cost-effective means of long-term data retention. It also comprises encoding data as magnetic patterns on the surface of the tape, facilitating efficient and reliable retrieval when needed. It excels in its ability to store vast amounts of data for extended periods while ensuring its integrity and accessibility. As it is an essential tool for enterprises grappling with the challenges of data growth, compliance requirements, and data preservation, the demand for tape storage is rising across the globe.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/tape-storage-market/requestsample
What are the growth prospects and trends in the tape storage industry?
At present, the increasing need for robust data archiving solutions that align with regulatory mandates and ensure historical availability of the data represents one of the key factors supporting the growth of the market.
Furthermore, the economic advantage of tape storage, with its significantly lower cost per terabyte compared to traditional disk-based solutions, is propelling the growth of the market. This cost-efficiency is particularly attractive for businesses that require long-term data retention but seek to optimize infrastructure expenses.
Additionally, manufacturers are developing energy-efficient and space-conscious solutions, aligning with the evolving corporate emphasis on eco-friendly practices, which is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Tape Cartridges
- Tape Vault
Breakup 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
Breakup 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
Breakup by Use Case:
- Backup
- Archiving
Breakup by End Use:
- Data Centers
- Cloud Providers
- Enterprises
Breakup by Industry Vertical:
- IT and Telecommunication
- BFSI
- Media and Entertainment
- Healthcare
- Oil and Gas
- Government and Defense
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Dell Technologies Inc.
- FUJIFILM Holdings Corporation
- Hewlett Packard Enterprise Company
- International Business Machines Corporation
- Lenovo Group Limited
- Oracle Corporation
- Overland-Tandberg
- QStar Technologies Inc.
- Qualstar Corporation
- Quantum Corporation
- Spectra Logic Corporation
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
