Cloud Tape Growth Remains on Track in Volatile Environment

Long-term forecast for tape capacity charts 21% CAGR with cloud growth of 40% CAGR.

Tape Market Long-Term Forecasts

Based on current information, the 2022 tape native capacity is forecast to rise 14% to 79.30EB, slightly less than the 17% growth projected earlier in 2022. For 2023, capacity shipment growth is forecast to rise 13% as slowing growth from on-premises customers is offset partially by expected cloud increases, discussed in the next section. While LTO-9 was released one year ago, adoption of this latest 18TB native capacity generation will accelerate in 2023, offering solid storage capacity density increases at reduced $/GB.

The long-term forecast for tape capacity is set to rise at a 21% CAGR from 2022 through 2027, reaching 207.15EB. Based on assumptions like other Trendfocus storage device forecasts, an economic recovery in 2024 will lift tape capacity growth by an expected 27%, above the long-term CAGR as markets expand following slower spending expected in 2023.

Although IBM 3592 tape solutions have led native capacity compared to LTO productngenerations, LTO capacity shipments have historically represented between 81% and 85% of total tape capacity shipped.

Native Tape Capacity and Long-Term Forecast, Exabytes

Native Tape Capacity and Long-Term Forecast, Exabytes