Press release
At 7.8% CAGR, Worldwide Tape Storage Market is Expected to Reach $9.42 Billion by 2030 | Dell Technologies Inc., Hewlett Packard Enterprise, IBM Corp, Lenovo, Oracle Corp
Tape Storage Market-2030
Increase in data volumes, rise in adoption of tape storage by large enterprises, surge in threats of ransom ware attacks on organizational networks, and growth in industrialization drive the global tape storage market. On the other hand, high initial investments restrain the growth to some extent. However, emergence of higher storage capacity in tape storage and increase in demand for data storage and security are expected to pave the way for lucrative opportunities in the near future.
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The company profiles of soil monitoring 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.
Key Benefits For Stakeholders
• This study comprises analytical depiction of the global tape storage market size along with the current global tape storage market trend and future estimations to depict imminent investment pockets.
• The overall tape storage market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The tape storage market forecast is quantitatively analyzed from 2019 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
The tape storage market report is analyzed across component, technology, capacity, use case, end use, industry vertical, and region.
Based on component, the tape cartridges segment accounted for more than two-third of the total market share in 2019, and is expected to rule the roost by 2030. The tape vault segment, on the other hand, would register the fastest CAGR of 8.30% throughout the forecast period.
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Based on technology, the LTO 8 segment contributed to nearly one-fourth of the total market revenue in 2019, and is anticipated to lead the trail by 2030. At the same time, the LTO 9 segment would grow at the fastest CAGR of 9.50% during the forecast period.
Based on geography, North America held the major share in 2019, generating around one-third of the global market. Simultaneously, the region across Asia-Pacific would exhibit the fastest CAGR of 8.90% from 2020 to 2030. The other two provinces discussed in the report include Europe and LAMEA.
Covid-19 scenario-
• Slowdown and unavailability of workforce, during the first phase of the lockdown, led to distorted production facilities of electronics and semiconductors, thereby impacting the global tape storage market.
• However, with several government bodies coming along with relaxations on the existing rule and dictums, the global tape storage market is anticipated to revive its position soon.
Get detailed COVID-19 impact analysis on the Tape Storage Market: https://www.alliedmarketresearch.com/request-for-customization/5927?reqfor=covid
Tape Storage System Market Segmentation
By Component
• Tape Cartridges
• Tape Vault
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
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
By Use Case
• Archiving
• Backup
By End Use
• Cloud Providers
• Data Center
• Enterprises
By Industry Vertical
• IT & Telecom
• BFSI
• Media & Entertainment
• Healthcare
• Oil & Gas
• Government & Defense
Read More at https://www.globenewswire.com/news-release/2021/02/09/2172375/0/en/Global-Tape-Storage-Market-is-Expected-to-Reach-9-42-Billion-by-2030-AMR.html
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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