Tape Storage Market Expected To Reach $ 9.42 Billion By 2030, Tape Cartridge Segment Is The Most Profitable Segment
PORTLAND, OREGON, USA, November 23, 2021 /EINPresswire.com/ – The tape storage market is going through tremendous transformation and growth. Tape storage has been relocated as primary backup storage around the world; however, it is experiencing tremendous growth in adoption as it is a well suited solution for archiving digital data. This is due to its low cost, long-term durability and large data storage capacity. In addition, the growth of industrialization leads to the growth of the number of organizations in the world, which increases the demand for data backup; thus fueling the growth of the tape storage market.
Allied Market Research published a report titled “Tape Storage Market By Component (Tape Cartridges & Tape Vault), Technology (LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, LTO- 9, DDS -1, DDS-2, DDS-3, DDS-4 and DLT IV), capacity (less than 1TB, 1TB to 200TB, 201TB to 999TB, 1PB to 100PB and over 100 Po), Use Case (Archive and Backup), End Use (Cloud Providers, Data Center, and Enterprise), and Industry Vertical (IT & Telecom, BFSI, Media & Entertainment, Health, Oil & Gas, and Government & Defense ): Global Industry Opportunity Analysis and Forecast, 2020-2030. According to a report, the global tape storage market size was valued at $ 4.31 billion in 2019 to $ 9.42 billion in 2030, with a CAGR of 7.8% from 2020 to 2030.
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The report offers a detailed analysis of changing market dynamics, key segments, competitive landscape, value chain, major investment pockets and major investment feasibility. These data and statistics are useful for tape storage market players, startups, stakeholders and investors to gain useful market insights and insights and adopt necessary strategies.
The report offers a detailed analysis of the major market players operating in the global Tape Storage market. Major players analyzed in the report include Dell Technologies Inc., Hewlett Packard Enterprise, International Business Machines Corporation, Lenovo, Oracle Corporation, Overland Tandberg, QStar Technologies, Inc., QUALSTAR CORP., Quantum Corporation and Spectra Logic Corporation.
They have adopted various strategies such as new product launches, mergers and acquisitions, joint ventures, partnerships, expansion, collaborations and others to achieve sustainable growth and competitive advantage in international markets.
The research offers an in-depth analysis of drivers, restraints, and opportunities of the global Tape Storage Market. This information is useful in determining the driving forces, harnessing them and taking the necessary actions to achieve growth. In addition, market players, investors and new entrants can exploit new opportunities, explore market potential and gain competitive advantage.
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The report offers detailed segmentation of the global tape storage market on the basis of type, applications, end users, and region. A detailed analysis of each segment and sub-segment is offered in the research using a tabular and graphical representation. This analysis is useful for determining which segments generate the most revenue and the fastest growth and for determining strategies for achieving sustainable growth.
The research provides a complete competitive scenario of each region of the global tape storage market. The regions covered in the study include North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). This information is useful for designing strategies and exploiting new opportunities in new markets. AMR also offers customization services for a particular region and segment on demand.
Main benefits for stakeholders
• This study includes an analytical description of the global tape storage market size along with current global tape storage market trends and future estimates to describe impending investment pockets.
• The global tape storage market analysis is determined to understand profitable trends to gain a stronger foothold.
• The report presents information related to the main drivers, constraints and opportunities with a detailed impact analysis.
• Tape storage market forecast is analyzed quantitatively from 2021 to 2028 to compare financial skills.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
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Key market segments
• BY TECHNOLOGY
o LTO-1 to LTO-5
o DLT IV
• BY COMPONENT
o Tape cartridges
o Band box
• BY CAPACITY
o Less than 1 TB
o 1 TB to 200 TB
o 201 TB to 999 TB
o 1 Po to 100 Po
o More than 100 Po
• BY CASE OF USE
• BY END USE
o Cloud providers
• BY INDUSTRY VERTICAL
o IT & Telecom
o Media and entertainment
o Oil and gas
o Government & Defense
• BY REGION
o North America
Rest of Europe
Rest of Asia-Pacific
Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of market research reports and business intelligence solutions. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.