Press release
Virtual Tape Library (VTL) Market Emerging Top Key Players - Fujitsu, Dell EMC, IBM, Quantum Corporation, Overland Storage During 2017-2025
Tape technology is one of the most cost effective backup solution available in the market. With drop in disk prices and reduced need for manual intervention, disk based backup solutions are gaining popularity. The performance of these backup solutions are generally faster and individual file restores from disk are significantly faster due to faster seek times.
A virtual tape library (VTL) is a data storage virtualization technology which is used for data backup and data archiving purposes. Virtual tape library consists of a storage component (generally a hard disk) as tape libraries or tape drives for use with the existing backup software.
Major benefits offered by virtual tape library include improved backup and restore times, reduced tape media handling, easy integration and Interoperability, multiple VTL instances, dynamic disk allocation, and data compression.
Market Overview
In order to enhance the existing backup processes, disk is increasingly being placed in data protection path. There is an increasing demand among customers for faster backups to meet minimizing backup windows and smaller recovery times to achieve service level objectives.
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Presently, SMBs and Enterprises, who are either looking to replace the conventional backup tapes completely, or want to accelerate backup process and add an extra level of protection, are adopting virtual tape library (VTL). This storage solution eliminates the need of physical tape infrastructure and acts as a supported tape drive or autoloader, keeping all data on inexpensive, fast and high-capacity spinning disks.
Market Dynamics
Major drivers expected to propelling the adoption virtual tape library have resulted from the needs such as backup windows without compromising, faster restore and recovery times, rapid integration with existing backup applications, enhanced performance with efficient utilization of backup resources, and reduced operational costs associated with physical tape handling.
Virtual tape libraries are solid option for medium and large enterprises as they provide easy integration into an existing tape environment. In certain cases, additional cost of the VTL is covered by the savings in integration costs and training.
However, certain factors are expected to hamper the growth of virtual tape library market during the forecast period. Some of these factors are high cost as compared to a conventional disk backup array and maturity in disk-based backup products and backup software.
Market Segmentation
Global Virtual Tape Library market can be segmented on the basis of end user and regions.
On the basis of end users, the market can be classified as small, medium and large enterprises.
On the basis of regions, the market is classified as:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (Excluding Japan)
Japan
Middle East & Africa
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Key Market Players
Key players operating in the global Virtual Tape Library market are Fujitsu, Dell EMC, Hitachi Data Systems Corporation (Sepaton), IBM, Quantum Corporation, Overland Storage, Inc., FalconStor Software, and QUADStor Systems.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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