Tape storage companies continue to celebrate substantial growth. The format might seem archaic in the mid 2020s but on Tuesday, the LTO Program Technology Provider Companies (TPCs), HPE, IBM, and Quantum Corp., boasted of capacity shipment growth of 57% YOY, in Q1 2026. You guessed it: AI data center demands have contributed to bumper tape shipments, but so have the requirements for traditional archive workloads and cyber-resilient backups.