IDC 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.
Key findings include:
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