TECH SUPPLIER Apr 2022 - Market Presentation - Doc # US49021622
Magnetic Tape Systems: Year-End 2021 Worldwide Results and 2022 Assumptions
This IDC Market Presentation shows the results for the tape drive and tape library markets in 2021, with year-over-year changes from 2020. The total tape market grew at a double-digit rate in 2021, and in the near-term future, we expect for a more modest growth trajectory to persist as enterprises continue to invest in the technology, in large part to combat ransomware. Tape has several characteristics that make it a strong defense against ransomware: encryption, immutability, and air gapping due to easy offsite/offline storage.