IDC Believes the Worldwide Tape Media Market Will Top $5.8 Billion in 2005
FRAMINGHAM, MA – MAY 1, 2001 – High-value media in the half-inch cartridge segment and a greater mix of drives supported by DLT IV media will stimulate revenue growth in the worldwide tape media market. According to IDC, the "street" value of shipments will increase at a compound annual growth rate of 14%, from $3.4 billion in 2001 to more than $5.8 billion in 2005. Shipments will rebound after a slow start. In 2000 they decreased 1% to 105 million, but by 2005 IDC expects them to surpass 143 million.
"Technology shifts to higher-capacity media within the tape market have led to stable ASVs," said Peter Brown, analyst for IDC’s Storage Mechanisms program. "The accelerated shift to midrange technologies will be an important trend for media manufacturers to utilize."
According to IDC, DLT remains the dominant tape technology in the midrange market segment. The growing installed base of DLT4000, DLT7000, and DLT8000 drives has created a robust market for DLT IV media. "DLT tape media will continue its strong growth through 2005 as a result of DLT tape drive integration into libraries and automation," Brown said.
IDC recently published Tape Storage Media Market Forecast and Analysis, 2000-2005 (IDC #B2867), which analyzes the worldwide DC2000, SLR, 4mm, 8mm, DLT, LTO, and half-inch cartridge tape media markets. Forecasts are provided for market value, unit shipments, and average selling value through 2005. Regional shipments and market share are also presented. To purchase this report, contact Patrick Steeves at 1-800-343-4952, extension 6787, or at email@example.com.
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world’s leading IT suppliers, IT organizations, ebusiness companies and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
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