It is hard to beat the cost per TB of data tape libraries for organizations that have large active archives, whether those organizations are public cloud providers or users with large volumes of data. This is due to the low cost per TB of the cartridges themselves and low system power requirements. It means that tape storage is often an important element, alongside disk and management software, in high capacity active archive systems.
For smaller active archives, cloud object storage offers a level of convenience and cost that makes it attractive. Unlike tape-based storage, a cloud archive can be implemented without need to purchase any additional hardware. It can be up and running very easily and, if there is an adequate Internet connection, it will work well. However, as the amount of archived content goes up, the operating costs of a cloud archive increase almost linearly. Yes, there are discounts for committed cloud capacities, but these are relatively small.