Is LTO tape on its way out?

storagedude writes: With LTO media sales down by 50% in the last six years, is the end near for tape? With such a large installed base, it may not be imminent, but the time is coming when vendors will find it increaingly difficult to justify continued investment in tape technology, writes Henry Newman at Enterprise Storage Forum.

“If multiple vendors invest in a technology, it has a good chance of winning over the long haul,” writes Newman, a long-time proponent of tape technology. “If multiple vendors have a technology they’re not investing in, it will eventually lose over time. Of course, over time market requirements can change. It is these interactions that I fear that are playing out in the tape market.”