TECH SUPPLIER Apr 2022 - Market Presentation - Doc # US49021622

Magnetic Tape Systems: Year-End 2021 Worldwide Results and 2022 Assumptions

By:

Greg Macatee
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,
Phil Goodwin
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On-line Presentation

Abstract

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.


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