IDC Reveals New Forecast on the Worldwide Virtual Tape Library Market: Expect Market Revenue to Double by 2011
FRAMINGHAM, MA – OCTOBER, 30 2006 – IDC today revealed its new forecast on the worldwide virtual tape library (VTL) market. The worldwide VTL market will double in value over the next five years, reaching $1.4 billion by 2011, while the market terabytes will increase at a rapid 47.4% compounded annual growth rate (CAGR) over the same period. Open system VTL solutions will drive market growth and eclipse enterprise mainframe VTL market value in the year ahead.
"The long-term outlook for the worldwide VTL system market calls for solid growth in market value and terabytes through 2011," said Robert Amatruda, research director for IDC's Storage group. "Although the opportunity looks bright for VTL adoption, suppliers must educate customers about the potential benefits and value proposition of VTL systems and not merely tout them solely as an alternative to tape-based data protection."
Other key findings include:
— VTLs will be increasingly integrated as a tiered storage solution.
— Current open system VTL solutions are using high-capacity, low-cost disk drives (e.g., SATA).
— Open system customers are considering VTLs to increase recovery time objectives, improve tape utilization, and decrease backup windows.
IDC's new study, Worldwide Virtual Tape Library 2006-2011 Forecast and Analysis: Laying the Foundation (IDC #204064), examines the virtual tape library (VTL) market and opportunities over the next five years. Adoption patterns are evaluated leveraging recent IDC research, and forecasts for VTL revenue and terabytes are outlined.
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