In 2024, the LTO tape market showed remarkable growth, introducing 176.5 exabytes of compressed tape capacity, a 15.4% increase from 2023. LTO technology, known for its cost-effectiveness and reliability, is widely used for archiving large datasets. Despite previous years of stagnation due to factors like patent disputes and the pandemic, demand surged partly due to the need for storage solutions compatible with AI and machine learning. The anticipated release of LTO-10 later in the year is expected to contribute further to this growth, despite no speed enhancements over LTO-9.
During 2024, the market for LTO tapes saw a robust growth of 15.4% with a total of 176.5 exabytes of compressed tape capacity released, thanks to advancements in software compression.
Linear Tape-Open (LTO) technology, recognized for its low storage costs and reliability, allows data archiving for extensive durations, with tape longevity ranging from 10 to 30 years.
The recent resurgence in LTO tape demand is driven by the need for adaptable storage solutions that accommodate AI and machine learning applications, providing energy-efficient and secure options.
Despite the presence of faster flash storage and flexible cloud solutions, LTO tape remains a significant factor in data storage, especially with the anticipated arrival of LTO-10.
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