Dubbed one of the so-called legacy technologies, tape data storage has continued its sensational revival, posting a fourth straight year of growth. According to the recent data presented by the top industry consortiums, the global tape storage shipments increased by 15.4% in 2024 to a new record 176.5 exabytes.
The revival can be attributed to a digital precipice of requirements. With the proliferation of hyperscale data centers and enterprises as well, tape storage capacity, cost-efficient, and reliability are once again gaining interest. Tape has been particularly popular in long-term archiving, regulatory compliance and backup where low cost-efficiency and data integrity are most important. Markedly, the new generation of Linear Tape-Open (LTO) yields up to 18TB per cartridge and uses solid backward compatibility options to support tape relevance in the context of enterprise storage strategies.
It is achieved despite the emergence of ransomware threats and the growing popularity of so-called non-connected storage, or what tape offers tantalizingly as a natural alternative. Its off-relationship is becoming indispensable to the organizations that want to protect the data backups that are crucial and prepare them in case of cyberattacks as well as satisfy the more stringent data retention laws. According to analysts actively involved in market analysis, it is estimated that the global market value of tape storage will soar at a high rate, achieving an increased value of $5.76 billion in 2024 to 6.37 billion in 2025, which represents a compounded growth rate of 10.6 per annum.
This streak of four years of growth demonstrates a surprising fact that even though the flashing and the cloud models capture the headline, the humble tape cartridge finds its way back to gain some reputation back in the world of data management and builds its base as a backbone to the data management process across data centers.
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