Reports
Global Tape Storage Market: By Capacity; By Component: Tape Cartridges, Tape Vault; By Technology; By Use Case; By End Use; By Industry Vertical; By Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Tape Storage Market Outlook
The global tape storage market attained a value of about USD 2.76 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7.3% to reach nearly USD 4.24 billion by 2027.
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The Asia Pacific to Witness the Fastest Growth During the Forecast Period
Regionally, North America holds the dominant position in the global market for tape storage due to the presence of numerous large enterprises. The Asia Pacific region is projected to register the highest CAGR during the forecast period owing to the emerging growth in demand from enterprises and consumers and because of expanding market players in the region. Among the various industry verticals, the IT and telecom industry accounted for the highest demand for tape storage and is likely to secure the leading position during the forecast period.
Moreover, daily worldwide production of data is witnessed to be skyrocketing, owing to the advent of HD 4K/8K videos, IoT, and AI-based big-data analysis. To fulfil this demand, the emergence of high-capacity tape storage is likely to aid the market growth positively.
Tape Storage: Market Segmentation
Tape storage, also known as magnetic tape data storage, is a system that uses magnetic tape as a recording media for the purpose of offline, archival data storage. Despite the competition it faces from contemporary advanced storage devices, tape storage remains popular among organisations and consumers for its long archival stability.
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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
- More Than 100 PB
The major components of tape storage are:
- Tape Cartridges
- 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 use case, the segments are:
- Archiving
- Backup
Based on end-use, the industry is segmented into:
- Cloud Providers
- Data Centres
- Enterprise
The market can be broadly categorised on the basis of its industry vertical segments into:
- IT and Telecom
- BFSI
- Media and Entertainment
- Healthcare
- Manufacturing
- Oil and Gas
- Government and Defence
- Others
The market can be broadly categorised on the basis of type into:
- Hardware
- Software
The EMR report looks into the regional markets of tape storage like North America, Europe, the Asia Pacific, LAMEA.
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Archival Stability and High Storage Capacity Likely to Bolster the Tape Storage Industry 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.
Key Industry Players in the Global Tape Storage Market
The report presents a detailed analysis of the following key players in the global tape storage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- DELL Technologies Inc.
- Hewlett Packard Enterprise Company
- International Business Machines Corporation (IBM)
- Overland Tandberg
- Oracle Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Capacity, Component, Technology, Use Case, End-Use, Industry Vertical, Type, Region |
| Breakup 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 |
| Breakup by Component | Tape Cartridges, Tape Vault |
| Breakup by Technology | LTO-1 to LTO-4, LTO-5 to LTO-6, LTO-7 to LTO-9, others |
| Breakup by Use Case | Archiving, Backup |
| Breakup by End-Use | Cloud Providers, Data Centres, Enterprise |
| Breakup by Industry Vertical | IT and Telecom, BFSI, Media and Entertainment, Healthcare, Oil and Gas, Government and Defence, Manufacturing, Others |
| Breakup by Type | Hardware, Software |
| Breakup by Region | North America, Europe, Asia Pacific, LAMEA |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | DELL Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation (IBM), Overland Tandberg, Oracle Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Industry Opportunities and Challenges
8 Global Tape Storage Market Analysis
8.1 Key Industry Highlights
8.2 Global Tape Storage Historical Market (2018-2022)
8.3 Global Tape Storage Market Forecast (2023-2028)
8.4 Global Tape Storage Market by Capacity
8.4.1 Less Than 1 TB
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 1 TB to 200 TB
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 201 TB to 999 TB
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 1 PB to 100 PB
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 More than 100 PB
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Tape Storage Market by Component
8.5.1 Tape Cartridges
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Tape Vault
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Tape Storage Market by Technology
8.6.1 LTO-1 to LTO-4
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 LTO-5 to LTO-6
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 LTO-7 to LTO-9
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Tape Storage Market by Use Case
8.7.1 Archiving
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Backup
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Tape Storage Market by End Use
8.8.1 Cloud Providers
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Data Centres
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Enterprise
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.9 Global Tape Storage Market by Industry Vertical
8.9.1 IT and Telecom
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 BFSI
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Media and Entertainment
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Healthcare
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Oil and Gas
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
8.9.6 Government and Defence
8.9.6.1 Market Share
8.9.6.2 Historical Trend (2018-2022)
8.9.6.3 Forecast Trend (2023-2028)
8.9.7 Manufacturing
8.9.6.1 Market Share
8.9.6.2 Historical Trend (2018-2022)
8.9.6.3 Forecast Trend (2023-2028)
8.9.8 Others
8.10 Global Tape Storage Market by Type
8.10.1 Hardware
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 Software
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.11 Global Tape Storage Market by Region
8.11.1 Market Share
8.11.1.1 North America
8.11.1.2 Europe
8.11.1.3 Asia Pacific
8.11.1.4 LAMEA
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Component
9.1.4 Breakup by Use Case
9.1.5 Breakup by End Use
9.1.6 Breakup by Industry Vertical
9.1.7 Breakup by Country
9.1.7.1 United States of America
9.1.7.2 Canada
9.1.7.3 Mexico
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Component
9.2.4 Breakup by Use Case
9.2.5 Breakup by End Use
9.2.6 Breakup by Industry Vertical
9.2.7 Breakup by Country
9.2.7.1 United Kingdom
9.2.7.2 Germany
9.2.7.3 France
9.2.7.4 Italy
9.2.7.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Component
9.3.4 Breakup by Use Case
9.3.5 Breakup by End Use
9.3.6 Breakup by Industry Vertical
9.3.7 Breakup by Country
9.3.7.1 China
9.3.7.2 Japan
9.3.7.3 India
9.3.7.4 ASEAN
9.3.7.5 Australia
9.3.7.6 South Korea
9.3.7.7 Others
9.4 LAMEA
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Region
9.4.3.1 Latin America
9.4.3.2 Middle East
9.4.3.3 Africa
10 Tape Storage Cost Breakup
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 DELL Technologies Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Hewlett Packard Enterprise Company
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 International Business Machines Corporation (IBM)
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Overland Tandberg
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Oracle Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Tape Storage Market: Key Industry Highlights, 2018 and 2028
2. Global Tape Storage Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Tape Storage Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Tape Storage Historical Market: Breakup by Capacity (USD Million), 2018-2022
5. Global Tape Storage Market Forecast: Breakup by Capacity (USD Million), 2023-2028
6. Global Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2022
7. Global Tape Storage Market Forecast: Breakup by Component (USD Million), 2023-2028
8. Global Tape Storage Historical Market: Breakup by Technology (USD Million), 2018-2022
9. Global Tape Storage Market Forecast: Breakup by Technology (USD Million), 2023-2028
10. Global Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2022
11. Global Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2023-2028
12. Global Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2022
13. Global Tape Storage Market Forecast: Breakup by End Use (USD Million), 2023-2028
14. Global Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
15. Global Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
16. Global Tape Storage Historical Market: Breakup by Region (USD Million), 2018-2022
17. Global Tape Storage Market Forecast: Breakup by Region (USD Million), 2023-2028
18. North America Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2022
19. North America Tape Storage Market Forecast: Breakup by Component (USD Million), 2023-2028
20. North America Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2022
21. North America Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2023-2028
22. North America Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2022
23. North America Tape Storage Market Forecast: Breakup by End Use (USD Million), 2023-2028
24. North America Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
25. North America Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
26. North America Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2022
27. North America Tape Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
28. Europe Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2022
29. Europe Tape Storage Market Forecast: Breakup by Component (USD Million), 2023-2028
30. Europe Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2022
31. Europe Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2023-2028
32. Europe Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2022
33. Europe Tape Storage Market Forecast: Breakup by End Use (USD Million), 2023-2028
34. Europe Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
35. Europe Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
36. Europe Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2022
37. Europe Tape Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
38. Asia Pacific Tape Storage Historical Market: Breakup by Component (USD Million), 2018-2022
39. Asia Pacific Tape Storage Market Forecast: Breakup by Component (USD Million), 2023-2028
40. Asia Pacific Tape Storage Historical Market: Breakup by Use Case (USD Million), 2018-2022
41. Asia Pacific Tape Storage Market Forecast: Breakup by Use Case (USD Million), 2023-2028
42. Asia Pacific Tape Storage Historical Market: Breakup by End Use (USD Million), 2018-2022
43. Asia Pacific Tape Storage Market Forecast: Breakup by End Use (USD Million), 2023-2028
44. Asia Pacific Tape Storage Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
45. Asia Pacific Tape Storage Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
46. Asia Pacific Tape Storage Historical Market: Breakup by Country (USD Million), 2018-2022
47. Asia Pacific Tape Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
48. LAMEA Tape Storage Historical Market: Breakup by Region (USD Million), 2018-2022
49. LAMEA Tape Storage Market Forecast: Breakup by Region (USD Million), 2023-2028
50. Global Tape Storage Market Structure
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 2023 and 2028.
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.
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 2023-2028, 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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