Home Semiconductor & Electronics China Tape Storage Market Size, Share & Analysis 2031

China Tape Storage Market Size, Share & Trends Analysis Report By Components (Tape Cartridges, Tape Vault), By Technology (LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, LTO-9, DDS-1, DDS-2, DDS-3, DDS-4, DLT IV), By Capacity (1 TB, 1 TB to 200 TB, 201 TB to 999 TB, 1 PB to 100 PB, More than 100 PB), By Use Case (Archiving, Backup), By End-User (Cloud Providers, Data Center, Enterprises, Others), By Industrial Vertical (IT & Telecom, BFSI, Media & Entertainment, Healthcare, Oil & Gas, Government & Defense) and Forecasts, 2023-2031

Report Code: SRSE28082DR
Last Updated : Jun 28, 2023
Author : Straits Research
Starting From
USD 1850
Buy Now

Market Overview

The China tape storage market size was valued at USD 409 million in 2022 and is projected to reach USD 1,073 million by 2031, registering a CAGR of 11.3% during the forecast period (2023-2031).

Tape storage is a way of storing and retrieving magnetic tape data. The technology has been around for a long time and has changed to offer more storage space, faster transfer speeds, and more reliable connections. Tape storage is used in industries like healthcare, finance, media, and entertainment, where large amounts of data must be kept and accessed over long periods.

Highlights

  • Tape cartridges dominate the market by component.
  • The LTO-8 dominates the market by technology.
  • 1 T.B. to 200 TB dominates the market by capacity.
  • By use case, backup holds a major share of the market.
  • Datacenter dominates the market by the end user.
  • I.T. and Telecom sector dominates the market by industry vertical.

Market Dynamics

China Tape Storage Market Drivers

Growth in Industrialization

Growth in the industrial sector is being fueled by the Chinese government's "Made in China 2025" project, which intends to turn the nation into a high-tech manufacturing powerhouse. The project calls for using cutting-edge technology like robotics, big data analytics, and artificial intelligence, which produce vast volumes of data that must be stored and managed. Chinese businesses are turning to tape storage as a dependable and affordable solution for their data storage needs. One of the nation's biggest oil and gas firms, China National Petroleum Corporation, employs tape storage for backup and disaster recovery.

China Tape Storage Market Restraints

High Initial Investment

Although tape storage solutions are becoming more widely used in China, the significant upfront costs associated with implementing these solutions may act as a barrier to the market's expansion. For instance, a large-scale tape storage solution would have hefty up-front expenses for the necessary gear, software, and maintenance. One of the world's biggest oil and gas businesses is China National Petroleum Corporation (CNPC), which illustrates this. For its data center in Xinjiang, CNPC reportedly spent over 20 million yuan (about 3.1 million USD) on a tape backup and archive system. The solution comprised hardware, including robotic arms, disks, tape libraries, and backup and archiving software.

China Tape Storage Market Opportunities

The Emergence of Higher Storage Capacity in Tape Storage

As businesses look for ways to store and handle ever-growing volumes of data, the development of tape storage with larger storage capacity presents a substantial opportunity for the Chinese industry. For instance, one of China's top technological companies, Huawei Technologies Co. Ltd., introduced the world's highest-capacity magnetic tape storage system in 2018, holding up to 180 petabytes of data. The ability to store enormous amounts of data in a small space makes this system attractive for long-term data archiving because it is economical and energy-efficient. Tape storage is expected to play a significant role in China's data storage landscape for the foreseeable future because of the advancement of superior tape storage technologies.

Study Period 2019-2031 CAGR 11.3%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 409 Million
Forecast Year 2031 Forecast Year Market Size USD 1073 Million
Talk to us
If you have a specific query, feel free to ask our experts.

Regional Analysis

Demand for tape storage increases as efforts to increase computing power to become a leading nation in a supercomputer volume increase. According to data from the top500.org, for instance, China continues to increase its use of supercomputers, and as of June 2020, it had over 227 supercomputers, up from 219 in June 2019. Additionally, the nation is actively working to advance beyond its international competitors in building data centers as the demand for more storage and processing power is fueled by applications for 5G, the Internet of Things, wearable technology, and artificial intelligence.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Segmental Analysis

The China tape storage market is segmented based on component, capacity, technology, use case, industry vertical, and end-user.

The market is further segmented by component into Tape Cartridges, Tape Vault.

The Tape Cartridges segment domains segment dominates the market and is expected to grow at a CAGR of 11.1% during the forecast period.

By component, it is further segmented into LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, LTO-9, DDS-1, DDS-2, DDS-3, DDS-4, DLT IV

The LTO-8 dominated the market and is expected to register a CAGR of 11.7% over the forecast period.

The market is further segmented by capacity into Less than 1 T.B., 1 T.B. to 200 TB, 201 TB to 999TB, 1PB to 100PB, and More than 100 PB.

 The 1 T.B. to 200 TB segment dominates the market and is expected to grow at a CAGR of 11.2% during the forecast period.

The market is further segmented based on use case into Archiving, Backup 

The backup segment dominates the market and is expected to grow at a CAGR of 11.1% during the forecast period.

By end-user, it is further segmented into Cloud Providers, Data Centers, and Enterprises.

The data center dominated the market and is expected to register a CAGR of 11.2% over the forecast period.

The market is further segmented by industry vertical into I.T. and Telecom, BFSI, Media and Entertainment, Healthcare, Oil and Gas, Government and Defense.

The I.T. and Telecom segment dominates the market and is expected to grow at a CAGR of 9.9% during the forecast period.

Market Size By Components

Market Size By Components
  • Tape Cartridges
  • Tape Vault

  • List of key players in China Tape Storage Market

    1. Dell Technologies Inc.
    2. International Business Machines Corporation
    3. Hewlett Packard Enterprise Development LP
    4. Quantum Corporation
    5. Lenovo
    6. Oracle Corporation
    7. QStar Technologies, Inc.
    8. Spectra Logic Corporation
    9. QUALSTAR CORP.
    10. Overland Tandberg

    China Tape Storage Market Share of Key Players

    China Tape Storage Market Share of Key Players

    Recent Developments

    • February 2023- The Adoption of Open Telecom Network Architectures was Hastened by Dell Technologies
    • January 2023- Dell PowerEdge Servers of the Next Generation Offer Advanced Performance and Energy Efficient Design.
    • May 2023- Cadence Design Systems, Inc. (Nasdaq: CDNS) uses IBM Cloud HPC to develop its chip and system design software faster, leveraging high-performance computing (HPC). IBM (IBM: NYSE) made the announcement.

    China Tape Storage Market Segmentations

    By Components (2019-2031)

    • Tape Cartridges
    • Tape Vault

    By Technology (2019-2031)

    • LTO-1 to LTO-5
    • LTO-6
    • LTO-7
    • LTO-8
    • LTO-9
    • DDS-1
    • DDS-2
    • DDS-3
    • DDS-4
    • DLT IV

    By Capacity (2019-2031)

    • 1 TB
    • 1 TB to 200 TB
    • 201 TB to 999 TB
    • 1 PB to 100 PB
    • More than 100 PB

    By Use Case (2019-2031)

    • Archiving
    • Backup

    By End-User (2019-2031)

    • Cloud Providers
    • Data Center
    • Enterprises
    • Others

    By Industrial Vertical (2019-2031)

    • IT & Telecom
    • BFSI
    • Media & Entertainment
    • Healthcare
    • Oil & Gas
    • Government & Defense

    Frequently Asked Questions (FAQs)

    How big is the China tape storage market?
    The China tape storage market size was valued at USD 409 million in 2022 and is projected to reach USD 1,073 million by 2031, registering a CAGR of 11.3% during the forecast period (2023-2031).
    The emergence of higher storage capacity in tape storage is one of the key trends in China tape storage market.
    Growth in industrialization are the key drivers for the growth of the China tape storage market.
    Dell Technologies Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, LENOVO, Oracle Corporation, Overland Tandberg, Qstar Technologies, INC., Qualstar Corp.are the prominent players in the China tape storage market.


    We are featured on :