Press release
Tape Storage Market, 2022 Size, Share, Trends, Growth Outlook with Company Analysis and Forecast to 2031 | Dell Inc, Hewlett Packard Enterprise Development LP, IBM Corporation, Lenovo, Overland Storage, Qualstar Corporation
Tape Storage Market
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The global tape storage market report by the business research company identifies growth in the adoption of tape storage by large enterprises to be a major growth driver for the tape storage market. The use of tape storage in large enterprises offers advantages such as longevity and portability. Also, helps in storing large amounts of data in a small physical package. For instance, Hewlett Packard Enterprise, IBM, and Quantum, US-based technology-related companies, stated that LTO tape capacity shipments reach a new record in 2021. LTO (Linear Tape Open) Consortium report, stated that, in 2021, 148 Exabytes (EB) of total tape capacity was shipped which has been increased by 40% when compared with 2020 which is 105 Exabytes of tapes had been shipped.
The global tape storage market is expected to grow from $4.11 billion in 2021 to $4.51 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The tape storage market is expected to grow to $6.32 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%.
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North America was the largest region in the tape storage market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tape storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the tape storage market are Dell Inc, Hewlett Packard Enterprise Development LP, IBM Corporation, Lenovo, Overland Storage, Qualstar Corporation, Quantum Corporation, Seagate Technology Plc, Sony Corporation, QStar Technologies Inc, Spectra Logic Corporation, FUJIFILM Holdings Corporation, Oracle Corporation and StarWind Software Inc.
The global tape storage market is segmented -
1) By Capacity: Archiving, Backup
2) By Component: Tape Cartridges, Tape Vault
3) 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
4) By End-Use: Cloud Providers, Data Center, Enterprises
5) By Industrial Vertical: Information Technology (IT) And Telecom, Banking, Financial Services, And Insurance (BFSI), Media And Entertainment, Healthcare, Oil And Gas, Government And Defense
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The Tape storage Market Report Contents Include
1. Executive Summary
2. Tape Storage Market Characteristics
3. Tape Storage Market Trends And Strategies
4. Tape Storage Market - Macro Economic Scenario
5. Tape Storage Market Size And Growth
....
27. Tape Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tape Storage Market
29. Tape Storage Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the tape storage market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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