Global Tape Storage Market 2020 Growth Dynamics, Regional Breakdown, Applications, & Manufacturers and Forecasts to 2027

Tape storage is a system that is used for storing digital information on a magnetic tape. Magnetic tape was initially used for data storage, but now it is used for system backup, data exchange, data archive. High data storage capacity, long-term durability, and low cost are some of the key factors driving the growth of the tape storage market. Moreover, increase the volume of data in the enterprises, and magnetic tape storage is the best option for the long-term high-capacity data back-up and archiving. This factor is influencing the growth of the tape storage market during the forecast period.
Global Tape Storage Market is segmented by region into North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. The North America regional market is expected to grow with CAGR of XX.X% and reach US$ XX Million/Billion 2027 from US$ XX Million/Billion in 2020.

The key players profiled in the Tape Storage Market research study includes:

1. Dell Inc.
2. FUJIFILM Corporation
3. Hewlett Packard Enterprise Development LP
4. IBM Corporation
5. Lenovo Group Limited
6. Oracle Corporation
7. Overland Tandberg
8. Quantum Corporation
9. Seagate Technology LLC
10. Spectra Logic Corporation

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MARKET SEGMENTATION

The global tape storage market is segmented on the basis technology, component, end-user, industry vertical. On the basis of technology the market is segmented as LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, DDS-1, DDS-2, DDS-3, DDS-4, DLT IV. On the basis of component the market is segmented as tape cartridges, tape vault. On the basis of end-user the market is segmented as cloud providers, data centers, enterprises, others. On the basis of industry vertical the market is segmented as BFSI, IT and telecom, media and entertainment, healthcare, oil and gas, government, others.

Since, the key findings in the Tape Storage Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Tape Storage Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.

The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:

Coverage:

The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

Secondary Research:

The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:

Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
Industry Trade Journals and Other Literature
National Government Documents, Statistical Databases and Market Reports
News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

Primary Research:

“The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:

Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
Validates and Strengthens Secondary Research Findings
Further Develops the Analysis Team’s Expertise and Market Understanding
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Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to:

Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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