Product Code: SR1323A587_Report
The global tape storage market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Tape storage is a device storing computer data on a magnetic tape for backup and archiving purposes. It records information on a loop of flexible celluloid-like material, which can be read and erased depending on the requirement. As it is cost-efficient compared to solid-state drives (SSDs), tape storage finds extensive applications in information and technology (IT), telecom, media and entertainment, healthcare, oil and gas, government, and defense sectors worldwide. Presently, it is available in various sizes and capabilities and sold as standalone units or stacked in data center racks to create tape libraries.
Tape Storage Market Trends:
- With the increasing volume of human and machine-generated data and a shift from paper-based data to computerized data, there is a rise in the demand for tape storage across the globe. This, along with the growing utilization of tape storage by large enterprises for high-capacity data backup, represents one of the key factors driving the market. Moreover, key market players are extensively investing in research and development (R&D) activities to develop advanced high storage data cartridges, which is propelling the growth of the market. In addition, tape storage offers several benefits, such as durability, longevity, energy efficiency, and scalability compared to conventional storage systems. This, coupled with the growing traction of high-definition 4K and 8K videos, internet of things (IoT), and artificial intelligence (AI) based big-data analysis, is positively influencing the market. Besides this, expanding businesses and trades around the world are offering lucrative growth opportunities to industry investors. Additionally, the increasing employment of tape storage in the defense sector to secure sensitive data offline is bolstering the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global tape storage market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, technology, capacity, use case, end use and industry vertical.
Breakup by Component:
- Tape Cartridges
- Tape Vault
Breakup by Technology:
- LTO-1 to LTO-5
- LTO-6
- LTO-7
- LTO-8
- LTO-9
- DDS-1
- DDS-2
- DDS-3
- DDS-4
- DLT IV
Breakup by Capacity:
1 TB to 200 TB
201 TB to 999 TB
1 PB to 100 PB
Breakup by Use Case:
Breakup by End Use:
- Data Centers
- Cloud Providers
- Enterprises
Breakup by Industry Vertical:
- IT and Telecommunication
- BFSI
- Media and Entertainment
- Healthcare
- Oil and Gas
- Government and Defense
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Dell Technologies Inc., FUJIFILM Holdings Corporation, Hewlett Packard Enterprise Company, International Business Machines Corporation, Lenovo Group Limited, Oracle Corporation, Overland-Tandberg, QStar Technologies Inc., Qualstar Corporation, Quantum Corporation and Spectra Logic Corporation.
Key Questions Answered in This Report:
- How has the global tape storage market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global tape storage market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the use case?
- What is the breakup of the market based on the end use?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global tape storage market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Tape Storage Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Tape Cartridges
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Tape Vault
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Technology
- 7.1 LTO-1 to LTO-5
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 LTO-6
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 LTO-7
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 LTO-8
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 LTO-9
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 DDS-1
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 DDS-2
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 DDS-3
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 DDS-4
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
- 7.10 DLT IV
- 7.10.1 Market Trends
- 7.10.2 Market Forecast
8 Market Breakup by Capacity
- 8.1 Less Than 1 TB
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 1 TB to 200 TB
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 201 TB to 999 TB
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 1 PB to 100 PB
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 More Than 100 PB
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Use Case
- 9.1 Backup
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Archiving
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End Use
- 10.1 Data Centers
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Cloud Providers
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Enterprises
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Industry Vertical
- 11.1 IT and Telecommunication
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 BFSI
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Media and Entertainment
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Healthcare
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Oil and Gas
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
- 11.6 Government and Defense
- 11.6.1 Market Trends
- 11.6.2 Market Forecast
12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.2 Asia-Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 Dell Technologies Inc.
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.1.3 Financials
- 17.3.1.4 SWOT Analysis
- 17.3.2 FUJIFILM Holdings Corporation
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.2.3 Financials
- 17.3.2.4 SWOT Analysis
- 17.3.3 Hewlett Packard Enterprise Company
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.3.3 Financials
- 17.3.3.4 SWOT Analysis
- 17.3.4 International Business Machines Corporation
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.4.3 Financials
- 17.3.4.4 SWOT Analysis
- 17.3.5 Lenovo Group Limited
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.5.3 Financials
- 17.3.5.4 SWOT Analysis
- 17.3.6 Oracle Corporation
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.6.3 Financials
- 17.3.6.4 SWOT Analysis
- 17.3.7 Overland-Tandberg
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.8 QStar Technologies Inc.
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.9 Qualstar Corporation
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.9.3 Financials
- 17.3.10 Quantum Corporation
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.10.3 Financials
- 17.3.11 Spectra Logic Corporation
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio