LTO Leading Tape Library Rebound

According to analyst reports, the tape library industry is emerging from a depressed market that latest from 2001 through 2003.

Adoption of the LTO tape format is pulling the tape library industry out of an economic slump despite the arrival of low-cost disk drives as an alternative to tape backup, according to a recent study from Freeman Reports, analyst firm focused on the tape market.

The total demand for tape libraries fell to 62,000 units in 2003, but will recover to 67,900 units in 2004 and to 101,300 units in 2009. Robert C. Abraham, president of Freeman and author of the report predicts that the fastest growth through 2009 will be in systems based on the LTO tape format.

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