The rumors of tape's demise are greatly exaggerated and have been ever since disk companies started predicting the end of tape (which hasn't happened yet, and is unlikely to anytime soon).
A recent Enterprise Strategy Group (ESG) research report found that tape is still in use in 56% of organizations. In general, the larger the overall IT environment, the more likely the organization is to embrace tape as part of its data management and data archiving strategy. Here's why: