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Global Tape Storage Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

Tape Storage Market

The new report by Expert Market Research titled, ‘Global Tape Storage Market Analysis, Size, Growth, Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global tape storage market, assessing the market based on its segments like type, capacity, tape storage, technology, use case, end-use, industry verticals and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2017-2027)

The tape storage market is being driven by the thriving enterprise end-use segment. The rising demand for tape storage can be attributed to the increasing data volumes from emerging markets like India, China and Brazil as well as the growing adoption of tape storage by large scale enterprises in case of an unexpected system breakdown. Furthermore, the penetration of 4G technology and industrialisation is significantly augmenting the global data volume and necessitating archiving and backups, which is subsequently propelling the growth of the tape storage market. Meanwhile, digitalisation in the BFSI industry is likely to provide an impetus to the market. The rising investments from key players towards enhancing the tape storage technology is expected to aid the market growth in the forecast period. In post-COVID days, as the various sectors recover from the negative impacts of the pandemic, the product is likely to witness a rise in demand.

Tape Storage Industry Definition and Major Segments

Tape storage is a data storage system that utilises magnetic tape as its recording medium. It has become the optimal option for large-capacity data storage with data volumes expanding at an exponential rate around the world. Furthermore, tape storage is gaining popularity for backing up data in the event of a system breakdown, as well as for long-term data archiving.

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The tape storage market, on the basis of type, can be segmented into:

On the basis of capacity, the market can be categorised into:

Based on tape storage, the market can be categorised into:

Based on technology, the market can be divided into:

Based on use case, the market can be divided into:

On the basis of end-use, the market can be categorised into:

On the basis of industry verticals, the market can be segmented into:

The regional markets for tape storage include:

Among these, North America represents a significant share of the tape storage market.

Tape Storage Market Trends

The rising prevalence of ransomware and cyber-attacks across the world is likely to aid the market growth. The need to enhance in data security has resulted in increasing investment from enterprises, so the adoption of offline storage devices is expected to grow over the forecast period. Moreover, major governments are now turning to tape storage to tackle the increasing cyber-attacks. The rapid technological advancements and increasing investments by the key players to develop innovative solutions with latest features are anticipated to significantly contribute to the market growth.

Key Market Players

The major players in the market are DELL Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation (IBM), Overland Tandberg, Oracle Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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