Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Tape Storage Market Growth
The global market for tape storage is primarily driven by the growing demand for archival stability and cyber security in large enterprises and business organisations. Organisations and enterprises require static storage units for a large amount of data, which is fulfilled by tape storage, which is comparatively less portable than other storage alternatives, and have diverse and huge capacity options. Additionally, industrialisation is estimated to aid the tape storage industry growth. Apart from the digitised solutions, the popularity of tape storage for offline backup during system failure pushes the product demand further. Meanwhile, the high cost of tape storage, and the emergence of cloud storage, compact and portable alternatives might prove to be hurdles for the growth. However, advanced technologies and applications are projected to offer profitable opportunities for the growth of the market during the forecast period.
Tape Storage Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2021, the global tape storage market attained a value of nearly USD 2.76 billion.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The major drivers of the industry are the increased demand for archival stability and cyber security in large corporations and commercial organisations, emerging growth in demand from enterprises and consumers, and advanced technologies and applications.
The key trends driving the market forward include rapid industrialisation and the growing popularity of tape storage for offline backup in the case of a system breakdown.
The major regions in the industry are North America, Europe, Asia Pacific and LAMEA..
The market is divided on the basis of capacity into less than 1 TB, 1 TB to 200 TB, 201 TB to 999 TB, 1 PB to 100 PB, and more than 100 PB.
The major components of tape storage are tape cartridges and tape vault.
By technology, the market can be divided into LTO-1 to LTO-4, LTO-5 to LTO-6, LTO-7 to LTO-9, others.
On the basis of the use case, the segments are archiving and backup.
Based on end use, the industry is segmented into cloud providers, data centres, and enterprise.
IT and telecom is the dominant type of industry vertical in the market.
The major players in the industry are DELL Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation (IBM), Overland Tandberg, and Oracle Corporation, among others.
The market, on the basis of type, is divided into hardware and software.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Locations
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124