Tape technology is one of the most cost effective backup solution available in the market. With drop in disk prices and reduced need for manual intervention, disk based backup solutions are gaining popularity. The performance of these backup solutions are generally faster and individual file restores from disk are significantly faster due to faster seek times.

A virtual tape library (VTL) is a data storage virtualization technology which is used for data backup and data archiving purposes. Virtual tape library consists of a storage component (generally a hard disk) as tape libraries or tape drives for use with the existing backup software.

Major benefits offered by virtual tape library include improved backup and restore times, reduced tape media handling, easy integration and Interoperability, multiple VTL instances, dynamic disk allocation, and data compression.

Market Overview

In order to enhance the existing backup processes, disk is increasingly being placed in data protection path. There is an increasing demand among customers for faster backups to meet minimizing backup windows and smaller recovery times to achieve service level objectives.   

Presently, SMBs and Enterprises, who are either looking to replace the conventional backup tapes completely, or want to accelerate backup process and add an extra level of protection, are adopting virtual tape library (VTL). This storage solution eliminates the need of physical tape infrastructure and acts as a supported tape drive or autoloader, keeping all data on inexpensive, fast and high-capacity spinning disks.

Market Dynamics

Major drivers expected to propelling the adoption virtual tape library have resulted from the needs such as backup windows without compromising, faster restore and recovery times, rapid integration with existing backup applications, enhanced performance with efficient utilization of backup resources, and reduced operational costs associated with physical tape handling.

Virtual tape libraries are solid option for medium and large enterprises as they provide easy integration into an existing tape environment. In certain cases, additional cost of the VTL is covered by the savings in integration costs and training.

However, certain factors are expected to hamper the growth of virtual tape library market during the forecast period. Some of these factors are high cost as compared to a conventional disk backup array and maturity in disk-based backup products and backup software.

Market Segmentation

Global Virtual Tape Library market can be segmented on the basis of end user and regions.

On the basis of end users, the market can be classified as small, medium and large enterprises.

On the basis of regions, the market is classified as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (Excluding Japan)
  • Japan
  • Middle East & Africa

Key Market Players

Key players operating in the global Virtual Tape Library market are Fujitsu, Dell EMC, Hitachi Data Systems Corporation (Sepaton), IBM, Quantum Corporation, Overland Storage, Inc., FalconStor Software, and QUADStor Systems.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Virtual Tape Library Market

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