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Tape Storage Market Poised to Expand at a Robust Pace Over by 2025

07-24-2017 02:10 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Tape Storage Market Poised to Expand at a Robust Pace Over by 2025

Tape storage products deliver high storage capacities per cartridge with low cost of ownership compared to other storage solutions. Constant innovations in tape storage has made it as the most reliable storage medium available at low cost overtaking HDDs in terms of data reliability.

To View Complete Report @ : http://www.persistencemarketresearch.com/market-research/tape-storage-market.asp

Tape storage can effectively address various industrial demands of increasing data storage such as entertainment, internet etc. There is growing number data intensive applications where data is needed to be backup, recovered, archived for disaster recovery and compliance. Even though disk storage is enhancing tape storage is still maintaining its dominance over the market and is expected to have significant market in the coming years.

There is signification growth in implementation of tape storage solutions by majority of cloud service providers in their cloud infrastructure due to a vast increase in the amount of data needed to be stored and increasing cost of the HDDs as tape storage offers cost effective solutions.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/14725

The major market driver for growth of tape storage market is unprecedented growth in data due to technological advancements. Due to the regulatory concerns some organisations are needed to store data in tape storage in order to access it forever.

The other major market driver for the tape storage market is tape storage is primarily used by many organisations for backup and for disaster recovery. The long term retention requirements for various organisations for compliance purposes is the major driver for the growth of the tape storage solutions.

Continuous innovation and investment in tape storage has made significant advancements in order to address the constant demand in order to improve reliability, capacity and efficiency of the tape storage products. The increased in reliability of tape storage compared to the disk storage is expected to fuel the market for the tape storage market.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/14725

The Global Tape Storage market is segmented based on the type of cartridge, by vertical and by region

On the basis of type of cartridge Global Tape Storage market is segmented helical scan tape drives, Minicartridge and data cartridge.One the basis vertical global Tape Storage market is segmented to media and entertainment sector, BFSI, healthcare sector, transportation, public sector, manufacturing sector, retail sector, IT & Telecom sector, energy & utilities and others.On basis of region global Tape Storage Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East & Africa (MEA).

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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