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Published: 15 Nov 2012

Ten years ago, a storage executive at an early disk-based backup vendor said to me, “I’ve sold $100 million in tape systems that no one wanted to buy.” Fast-forward to today, and enterprises are still begrudgingly buying tape and tape drives. However, new entrants in the cloud archiving market may finally signal the beginning of the end for tape in the enterprise. The worldwide information archiving market is robust and growing, thanks to ever-increasing data and compliance requirements. According to a recent report by The Radicati Group, a market research firm, the market will be more than $3 billion by year’s end and will grow to $6.3 billion in 2016. Currently, cloud-based services already account for 31% of that market, while on-premises solutions—including tape—garner the remaining 69%. Cloud Services Tip the Tape Scales? But tape certainly isn’t driving archiving growth. Market research firm Santa Clara Consulting Group found that the market for backup tape drive and media dropped to $1.33 billion in 2011, down 14.7% from the previous year, and is off ... Access >>>

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