LTO Program Releases Annual Tape Media Shipment Report 2023 And It Might Surprise You!
StorageReview.com, Thursday, May 23rd, 2024
Many IT professionals thought a few technologies would have (or maybe should have) expired by now. One (and we have written about it several times) is Fibre Channel. The other is tape, specifically LTO Ultrium format tape.
Guess what? Tape continues its steady growth, marking a 3.14% growth over 2022 results. And it's no wonder with the likes of HPE, IBM, and Quantum Corporation as LTO Program Technology Providers.
The LTO Program Technology Provider Companies (TPCs) have released their annual tape media shipment report. This report provides a detailed analysis of year-over-year shipments through the fourth quarter of 2023. The data reveals a record shipment of 152.9 Exabytes (EB) of total tape capacity (compressed) in 2023, marking a 3.14% growth over 2022. This growth is attributed to the rapid data generation and increased infrastructure demands of hyperscalers and enterprises.