Persistence Market Research (PMR) offers an eight-year forecast for the global tape storage market between 2018 and 2026. In terms of market value, comparatively newer technologies in the tape storage market are estimated to register a steady growth rate during the forecast period of 2018-2026. This study demonstrates the tape storage market trends and market dynamics globally across seven regional markets: North America, Latin America, Europe, China, Japan, SEA and Others of APAC, and the Middle East and Africa, which influence the current outlook and the future status of the tape storage market.
Report Description
This market research report offers a detailed analysis of the global tape storage market and provides insights regarding the macro-economic and forecast factors driving the popularity of tape storage and their practicality for modern enterprises. The tape storage market report includes an extensive analysis on the key tape storage industry trends, restraints, drivers, and the overall tape storage market structure. The tape storage market study offers a comprehensive assessment of various stakeholder strategies and imperatives for succeeding in the tape storage business. As per the report, the global tape storage market is segmented based on technology, industry, end user, and component across different regional markets.
Magnetic tape storage is the best option for the long-term high-capacity data back-up and archiving, following an increase in the volumes of data. This factor is expected to be the primary driver of the tape storage market. As the data storage capacity of tapes continues to grow, the LTO program offers a defined schedule for upcoming tape storage technology upgrades and releases. Typically, the LTO program launches a new version of LTO format every two to three years, and this trend is expected to continue during the forecast period. This factor is estimated to enable the tape storage market to grow steadily in the years to come as the ever-rising data volumes motivate enterprises to procure upgraded tape storage technologies. The arrival of enhanced technologies with high capacities is also expected to boost the tape storage market.
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The tape storage market study starts with an overview of the global tape storage market in terms its value. In addition, this section also includes the analysis of key industry trends, restraints, and drivers from the supply, demand, and economy sides, which are influencing the global tape storage market.
Based technology, the global tape storage market is segmented into LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, DDS-1, DDS-2, DDS-3, DDS-4, DLT IV, and SDLT. On the basis of industry, the global tape storage market is segmented into IT & telecommunication, BFSI, media & entertainment, research & academia, healthcare, oil & gas, and government & defense, among others. With regards to the end users, the global tape storage market can be segregated into cloud providers, data centers, and enterprises, among others. The enterprise end-user segment has been further segmented into SMEs and large enterprises. With respect to the tape storage equipment components, the global tape storage market is segmented into tape cartridges and tape vaults.
A detailed market analysis has been provided for each market segment in terms of market size in every regional tape storage market. This section also offers a detailed analysis that covers the ongoing trends in the global tape storage market.
The next section in the tape storage market study provides a detailed analysis of the market across various countries in different regions. It offers an expected market outlook during the forecast period 2018 – 2026 within the context of the tape storage market, which includes the latest technological developments and offerings in the tape storage market. This section also discusses the key trends within countries that are contributing to the growth of the overall tape storage market in a region, and offers an analysis of the degree at which market drivers are influencing the growth of the tape storage market in each region. Key regions and countries assessed in the global tape storage market study include North America – U.S. and Canada; Latin America – Brazil, Mexico, and the rest of Latin America; Europe – Germany, Italy, France, U.K., Spain, Russia, and the rest of Europe; SEA and Others of APAC – India, ASEAN, Australia & New Zealand, and the rest of SEA & Others of APAC; China; Japan; and the Middle East and Africa – Northern Africa, GCC Countries, South Africa, Turkey, and the rest of Middle East and Africa. This global tape storage market study showcases the present scenario and the future growth prospects of the tape storage market across various regions for the forecast period of 2018 to 2026. 2017 has been considered as the base year and data has been provided for the remaining 12 months.
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To deduce an accurate forecast, we started by evaluating the current market size, which formed a base for us to understand the future growth trends in the tape storage market. Using different analytical outcomes, we have triangulated the overall growth trend as per the characteristics of the global tape storage market.
The global tape storage market is segregated into different segments, as highlighted previously. All the market segments are analyzed in terms of the Basis Points System (BPS) to showcase the relative contribution of an individual segment to the global tape storage market growth. This information plays a major role in identifying the various trends in the global tape storage market.