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The 56 year-old magnetic tape industry continues to evolve. Markets are shifting as disk slowly encroaches on tape's traditional backup/recovery market while tape is positioning itself for the exploding tier 3 data such as fixed content, compliance and archive market. In 2007, annual tape industry revenues total just over $4B including all drives, robotic libraries and media compared to a $26B magnetic disk drive industry. The tape revenue figure has ranged between $4 - 4.3B since 2001.
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