Global Tape Storage Market by Product Types, Application Types and Regions- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The tape storage market is anticipated to expand expanding at a substantial CAGR during the forecast period 2020–2026.

A tape drive is a data storage device that reads and writes data on a magnetic tape. Magnetic tape data storage is typically used for offline, archival data storage. Tape media generally has a favorable unit cost and a long archival stability. A tape drive provides sequential access storage, unlike a hard disk drive, which provides direct access storage. A disk drive can move to any position on the disk in a few milliseconds, but a tape drive must physically wind tape between reels to read any one particular piece of data.

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Data tape drives may use advanced data integrity techniques such as multilevel forward error correction, shingling, and linear serpentine layout for writing data to tape. Tape drives can be connected to a computer with SCSI, Fibre Channel, SATA, USB, FireWire, FICON, or other interfaces. Tape drives are used with autoloaders and tape libraries which automatically load, unload, and store multiple tapes, increasing the volume of data which can be stored without manual intervention.

Market Trends, Drivers, Restraints, and Opportunities:

Ever-rising data volumes are expected to drive the tape storage market. The increase in data has been on an exponential rate and keeping this data safe has been a huge problem. Tape drive has used to keep backup of data safe. This trend is expected to increase with the increase in data.
An increasing number of organizations have started procuring efficient magnetic tape storage technology due to persistent threats of ransomware attacks on their networks. Companies have now started keeping their data in separate drives like tape drives in order to keep it away from their network. This is an aspect that is driving the market.
The rise in installation and maintenance costs has been an aspect that has been restraining the growth of the market. The maintenance of tape drives after data backup and the recovery of the backup has been a difficult task. This is also a factor that is restraining the market.
Tape storage technology has become an ideal solution for several next-generation applications that are swiftly outgrowing their traditional storage infrastructure. These applications include addressing the data storage and security needs for surveillance, Internet of Things, hyper-scale computing, entertainment, cloud storage services, and Big Data. These applications of tape storage technology are expected to generate enormous demand in the market.

Competitive Landscape:

The global tape storage market is fragmented by the presence of many regional and global players. The major players in this market are Dell Inc., Fujifilm Holdings Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, Lenovo, Oracle, Overland Storage, Qualstar Corporation, Quantum Corporation, Seagate Technology PLC, Sony Corporation and Spectra Logic Corporation. Dell is one of the players that have the highest market share. All the players work on innovation on tape drives and providing them to companies that have their requirement. These players differentiate with each other on the basis of features that they provide to their customers so that their customers’ requirements are completed smoothly. They have a research and development department that provides new and improved tape drives to a company that are required by the enterprise or company as their requirement.

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The Global Tape Storage Market has been segmented on the basis of

Product Types

Linear Tape-open (LTO)
Digital Data Storage (DDS)
Digital Linear Tape (DLT)
Super Digital Linear Tape (SDLT)

Application types

IT & Telecom
Banking and Finance
Media & Entertainment
Research & Academia
Healthcare
Defense

Regions

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Tape Storage Market Overview
Global Tape Storage Market Analysis and Forecast by Type
Global Tape Storage Market Analysis and Forecast by Application
Global Tape Storage Market Analysis and Forecast by Sales Channel
Global Tape Storage Market Analysis and Forecast by Region
North America Tape Storage Market Analysis and Forecast
Latin America Tape Storage Market Analysis and Forecast
Europe Tape Storage Market Analysis and Forecast
Asia Pacific Tape Storage Market Analysis and Forecast
Middle East & Africa Tape Storage Market Analysis and Forecast
Competition Landscape

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