Reports

Global Tape Storage Market to Grow at a CAGR of 7.3% During 2024-2032, Aided by the Growing Demand for High-Capacity Storage

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Market Growth

Global Tape Storage Market Size, Share, Analysis, Forecast: By Capacity: Less Than 1 TB, 1 TB to 200 TB, 201 TB to 999 TB, 1 PB to 100 PB, More than 100 PB; By Component: Tape Cartridges, Tape Vault; By Technology; By Use Case; By End Use; By Industry Vertical; By Type; Regional Analysis; Competitive Landscape; 2024-2032

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

Tape Storage Market Size

Tape Storage Market Growth

Tape Storage Companies

 

*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.

1    Preface   
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Tape Storage Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Tape Storage Historical Market (2018-2023) 
    8.3    Global Tape Storage Market Forecast (2024-2032)
    8.4    Global Tape Storage Market by Capacity
        8.4.1    Less Than 1 TB
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    1 TB to 200 TB
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    201 TB to 999 TB
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    1 PB to 100 PB
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    More than 100 PB
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
    8.5    Global Tape Storage Market by Component
        8.5.1    Tape Cartridges
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Tape Vault 
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Tape Storage Market by Technology
        8.6.1    LTO-1 to LTO-4
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    LTO-5 to LTO-6
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    LTO-7 to LTO-9
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Tape Storage Market by Use Case
        8.7.1    Archiving
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Backup
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Tape Storage Market by End Use
        8.8.1    Cloud Providers
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Data Centres 
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Enterprise
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
    8.9    Global Tape Storage Market by Industry Vertical
        8.9.1    IT and Telecom
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    BFSI
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Media and Entertainment
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Healthcare
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Oil and Gas
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
        8.9.6    Government and Defence
            8.9.6.1    Historical Trend (2018-2023)
            8.9.6.2    Forecast Trend (2024-2032)
        8.9.7    Manufacturing
            8.9.6.1    Historical Trend (2018-2023)
            8.9.6.2    Forecast Trend (2024-2032)
        8.9.8    Others
    8.10    Global Tape Storage Market by Type
        8.10.1    Hardware
            8.10.1.1    Historical Trend (2018-2023)
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Software
            8.10.2.1    Historical Trend (2018-2023)
            8.10.2.2    Forecast Trend (2024-2032)   
    8.11    Global Tape Storage Market by Region
        8.11.1    North America
            8.11.1.1    Historical Trend (2018-2023) 
            8.11.1.2    Forecast Trend (2024-2032)
            8.11.1.3    Breakup by Component
            8.11.1.4    Breakup by Use Case
            8.11.1.5    Breakup by End Use
            8.11.1.6    Breakup by Industry Vertical
        8.11.2    Europe
            8.11.2.1    Historical Trend (2018-2023) 
            8.11.2.2    Forecast Trend (2024-2032)
            8.11.2.3    Breakup by Component
            8.11.2.4    Breakup by Use Case
            8.11.2.5    Breakup by End Use
            8.11.2.6    Breakup by Industry Vertical
        8.11.3    Asia Pacific
            8.11.3.1    Historical Trend (2018-2023) 
            8.11.3.2    Forecast Trend (2024-2032)
            8.11.3.3    Breakup by Component
            8.11.3.4    Breakup by Use Case
            8.11.3.5    Breakup by End Use
            8.11.3.6    Breakup by Industry Vertical
        8.11.4    LAMEA
            8.11.4.1    Historical Trend (2018-2023) 
            8.11.4.2    Forecast Trend (2024-2032)
9    North America Tape Storage Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
    9.3    Mexico
        9.3.1    Historical Trend (2018-2023) 
        9.3.2    Forecast Trend (2024-2032)
10    Europe  Tape Storage Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.3    Italy
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Others
11    Asia Pacific Tape Storage Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    South Korea
        11.6.1    Historical Trend (2018-2023) 
        11.6.2    Forecast Trend (2024-2032)
    11.7    Others
12    LAMEA Tape Storage Market Analysis
    12.1    Latin America
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Middle East
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Africa
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
13    Tape Storage Cost Breakup
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    DELL Technologies Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Hewlett Packard Enterprise Company
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    International Business Machines Corporation (IBM)
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Overland Tandberg
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Oracle Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Tape Storage Market: Key Industry Highlights, 2018 and 2032
2.    Global Tape Storage Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Tape Storage Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Tape Storage Historical Market: Breakup by Capacity (USD Million), 2018-2023
5.    Global Tape Storage Market Forecast: Breakup by Capacity (USD Million), 2024-2032
6.    Global Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2023
7.    Global Tape Storage Market Forecast: Breakup by Component (USD Million), 2024-2032
8.    Global Tape Storage Historical Market: Breakup by Technology (USD Million), 2018-2023
9.    Global Tape Storage Market Forecast: Breakup by Technology (USD Million), 2024-2032
10.    Global Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2023
11.    Global Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2024-2032
12.    Global Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2023
13.    Global Tape Storage Market Forecast: Breakup by End Use (USD Million), 2024-2032
14.    Global Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
15.    Global Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
16.    Global Tape Storage Historical Market: Breakup by Region (USD Million), 2018-2023
17.    Global Tape Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
18.    North America Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2023
19.    North America Tape Storage Market Forecast: Breakup by Component (USD Million), 2024-2032
20.    North America Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2023
21.    North America Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2024-2032
22.    North America Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2023
23.    North America Tape Storage Market Forecast: Breakup by End Use (USD Million), 2024-2032
24.    North America Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
25.    North America Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
26.    North America Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2023
27.    North America Tape Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
28.    Europe Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2023
29.    Europe Tape Storage Market Forecast: Breakup by Component (USD Million), 2024-2032
30.    Europe Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2023
31.    Europe Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2024-2032
32.    Europe Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2023
33.    Europe Tape Storage Market Forecast: Breakup by End Use (USD Million), 2024-2032
34.    Europe Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
35.    Europe Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
36.    Europe Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2023
37.    Europe Tape Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
38.    Asia Pacific Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2023
39.    Asia Pacific Tape Storage Market Forecast: Breakup by Component (USD Million), 2024-2032
40.    Asia Pacific Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2023
41.    Asia Pacific Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2024-2032
42.    Asia Pacific Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2023
43.    Asia Pacific Tape Storage Market Forecast: Breakup by End Use (USD Million), 2024-2032
44.    Asia Pacific Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
45.    Asia Pacific Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
46.    Asia Pacific Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2023
47.    Asia Pacific Tape Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
48.    LAMEA Tape Storage Historical Market: Breakup by Region (USD Million), 2018-2023
49.    LAMEA Tape Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
50.    Global Tape Storage Market Structure

Key Questions Answered in the Report

What was the global tape storage market size in 2021?

In 2021, the global tape storage market attained a value of nearly USD 2.76 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global tape storage market?

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.

What are the major regional markets of the global tape storage market, according to the EMR report?

The major regions in the industry are North America, Europe,  Asia Pacific and LAMEA..

What are the segments based on capacity in the market?

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.

What are the major components of the market?

The major components of tape storage are tape cartridges and tape vault.

What are the various technologies involved in the market?

By technology, the market can be divided into LTO-1 to LTO-4, LTO-5 to LTO-6, LTO-7 to LTO-9, others.

What are the major segments on the basis of the use case?

On the basis of the use case, the segments are archiving and backup.

What is the end use of the market?

Based on end use, the industry is segmented into cloud providers, data centres, and enterprise.

What is the dominant type of industry vertical in the market?

IT and telecom is the dominant type of industry vertical in the market.

Who are the key industry players, according to the report?

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.

What are the different types of tape storage in the market?

The market, on the basis of type, is divided into hardware and software.

Analyst Review

The global tape storage market attained a value of USD 2.76 billion in 2021, driven by the increased demand for archival stability and cyber security in large corporations and commercial organisations. Aided by the rapid industrialisation and popularity of tape storage for offline backup in the case of a system breakdown, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is divided into hardware and software. Based on its capacity, the global tape storage industry can be segmented 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. By component type, the market can be divided into tape cartridges and tape vault. Based on technology, LTO-1 to LTO-4, LTO-5 to LTO-6, LTO-7 to LTO-9, among others, are the various segments. By use case, the industry is classified into archiving and backup. By end use, the market is divided into cloud providers, data centres, and enterprise. On the basis of industry vertical, the IT and Telecom sector accounts for the leading share in the industry. The major regional markets for tape storage are North America, Europe, Asia Pacific and LAMEA. The key players in the above market include DELL Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation (IBM), Overland Tandberg, and Oracle Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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