Press release
Tape Storage Market 2019-2026: Product Development Strategies by Industry Giants- Dell, Fujifilm Holdings Corp, Hewlett Packard Enterprise Development LP, IBM, Lenovo, Oracle, Overland Storage, Qualstar Corp, Quantum Corp, Seagate Technology
Tape Storage Market
Based on the government restrictions, and WHO guidelines the companies have stopped their manufacturing processes. The global lockdown has impacted the suppliers and distributors as well to halt their services. This impact hampered the growth of the market to a certain extent.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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The major companies profiled in the tape storage market include Dell Inc., Fujifilm Holdings Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, Lenovo, Oracle, Overland Storage, Qualstar Corporation, Quantum Corporation, Seagate Technology PLC, and others.
Tape storage or magnetic tape data storage is a system that is used for storing digital information on magnetic tape using digital recording. In tape storage technology, there is no online copy of the data because all the information is vaulted for the long term. The main motive to use the tape storage is that to protect enterprise's data from cyber-attacks by eliminating the option of network connectivity.
The significant impacting factors to the tape storage market include rise in concern toward threats of ransomware attacks and growth in industrialization and trade in developing economies. In addition, the restraining factors by which the market is influenced include high initial investment and the necessity to keep magnetic tape in a clean environment. Each of these factors is anticipated to have a definite impact on the tape storage market during the forecast period.
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The tape storage market is segmented based on technology, component, vertical, end user and region.
Based on technology, the market is categorized into LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, DDS-1, DDS-2, DDS-3, DDS-4, and DLT IV. By component, it is bifurcated into tape cartridges and tape vault. Based on vertical, it is categorized into IT & telecommunication, banking, financial services, & insurance, media & entertainment, research & academia, healthcare, oil & gas, government & defense, and others. Based on end user, it is divided into cloud providers, data centers, enterprises, and others. The enterprises segment is further sub-divided into SMEs and large enterprises.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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KEY BENEFITS FOR STAKEHOLDERS
o This study comprises analytical depiction of the tape storage market share with current trends and future estimations to depict the imminent investment pockets.
o The overall potential is determined to understand the profitable trends to gain a stronger foothold in the tape storage industry.
o The tape storage market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Highlights of the Report
o Competitive landscape of the Tape Storage Market.
o Revenue generated by each segment of the Tape Storage Market by 2026.
o Factors expected to drive and create new opportunities in the Tape Storage industry.
o Strategies to gain sustainable growth of the market.
o Region that would create lucrative business opportunities during the forecast period.
o Top impacting factors of the Tape Storage Market.
Tape Storage Market Scope and Demand Analysis @ https://stocknewsweek.com/2020/03/27/tape-storage-future-of-data-storage-market-scope-and-demand-analysis/
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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