Purpose Built Backup Appliance Market was valued at US$ 7.28 Bn. in 2021 and is expected to reach US$ 13.52 Bn. during forecast period. Purpose Built Backup Appliance Market size is expected to grow at a CAGR of 9.25 % through the forecast period.Purpose Built Backup Appliance Market Overview:
A standalone disk-based storage device created and set up specifically for backup data storage is known as a purpose-built backup appliance (PBBA). In the latter instance, they are referred to as integrated backup appliances. Such devices can either be targets for incoming data from a backup program or have closely integrated backup software within their hardware. Deduplication, encryption, compression, redundant hardware components, automatic setup, and maintenance are frequently seen in PBBAs, which are essentially backup data storage devices. To know about the Research Methodology :- Request Free Sample Report The report explores the Purpose Built Backup Appliance Market segments (Component, System, Enterprise, Vertical and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Purpose Built Backup Appliance Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Purpose Built Backup Appliance Market contemporary competitive scenario. 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021 market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis especially with the impact of lockdown by region. Impact of Covid-19 on Purpose Built Backup Appliance Market: One of the main forces influencing development has been COVID-19. The purpose-built backup appliance (PBBA) market is primarily being driven by countries in the European Union. Governments and businesses in these nations strive to provide open access to their data. Additionally, they want to guarantee that it is accessible. These companies also want remote employees to manage data and information more effectively. Manufacturers have made significant R&D investments as a result of the growing demand for these appliances from the European Union. The objective is to develop a new generation of devices that are both simple to use and control and significantly more effective than current models.Purpose Built Backup Appliance Market Dynamics:
Strict rules and regulations pertaining to data protection and data security, increased use of the IoT to construct the backup appliance market, and increased enterprise awareness and focus on data protection and recovery infrastructure are some of the key factors driving the market growth. The largest privately held information technology business in the world is Dell (US). A market leader in storage infrastructure and integrated systems, EMC (US), was acquired by Dell. The acquisition attempts to solve the difficulties the companies are experiencing due to changes in server and storage technologies. Using the knowledge and expanded portfolio of EMC, which includes world-class flash storage, converged systems, cloud infrastructure, as well as enterprise backup Systems like purpose-built backup appliances, Dell intends to expand its business in next-generation data storage products and Systems. Veritas (US) creates and provides software-defined storage, backup and recovery, business continuity, and information governance products to its international clientele. The business focuses on software-defined storage, open stack, cloud, backup and recovery, business continuity, information management, data management, information governance, and data privacy. Data insight offers unstructured data analytics, tracking, and reporting, giving enterprises the knowledge, they need to ensure organizational accountability for file use and security. To avoid data loss and ensure policy-based data retention, data insight blends archiving and security technologies. The company offers a wide range of products on the market. Veritas Technologies is widely distributed over the globe, with the majority of its clients located in the Americas, Asia Pacific, Europe, and Africa.Purpose Built Backup Appliance Market Segment Analysis:
Based on System, Open system to have higher market share in purpose-built backup appliance market during the forecast period. An open system is a set of computing platforms created using open hardware and software standards by different market players. Any IT environment can easily accommodate an open system supporting purpose-built backup appliances. Although mainframe systems have a sophisticated storage management environment, only mainframes are used. The market for purpose-built backup appliances is driven by an open system since it is more affordable and versatile enough to adapt to any IT environment of the organisation. Based on the Component, Hardware component has a higher market share during the forecast period. While the software of the purpose-built backup appliances is upgraded, the hardware component of the market is either replaced or fixed in cases of repairable damage. The hardware price is determined by the storage capacity, the appliance's form factor, and whether it supports mainframe systems or open systems. The cost of the appliances will increase as their capacity increases. When it comes to software, capabilities like deduplication and snapshot barely alter as a product's storage capacity improves. Based on Enterprise, Small and mid-level enterprises to hold a higher % CAGR during the forecast period. In terms of legislation and activities that would support SMEs' growth, small and midsize businesses (SMEs) are receiving a boost in several nations. Reduced corporation taxes and loans with lower interest rates for the first several years for SMEs help them start their businesses, which in turn fuels the expansion of SMEs. The small and mid-level firms are anticipated to grow at a faster rate than major enterprises as a result of initiatives implemented by many countries. Based on the Vertical, Telecom & IT held the largest market share in purpose-built backup appliances during the forecast period. The telecom and IT industries are home to numerous large businesses with significant annual revenue, including AT&T, Sprint, Airtel, Cognizant, Accenture, TCS, and Infosys. Their operations and presence are widespread around the world. However, there is fierce rivalry, and market realities are compelling telecom companies to consistently adapt or alter. With plans to bring out 5G networks in some nations, the amount of data created in the 5G spectrum will be enormous and business-critical, necessitating the need for a backup. The telecom & IT sector had the greatest market share for purpose-built backup appliances during the forecast period due to the expansion of large telecom & IT organisations and several new trends in data analytics in these industries.Purpose Built Backup Appliance Market Regional Insights:
The Asia Pacific region dominated the market with xx % share in 2021. The Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period. The market leader's position is due to technological advancements and an increase in the use of backup appliances that were specifically designed for these applications in the manufacturing, BFSI, and telecom & IT sectors. The Asia Pacific region's market for purpose-built backup appliances is expanding quickly due to the presence of telecom and IT giants, a thriving industrial hub, and the rapid growth of small and mid-sized businesses. The objective of the report is to present a comprehensive analysis of the Global Purpose Built Backup Appliance Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Purpose Built Backup Appliance Market dynamic, structure by analyzing the market segments and projecting the Global Purpose Built Backup Appliance Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Purpose Built Backup Appliance Market make the report investor’s guide.Global Purpose Built Backup Appliance Market Scope: Inquire before buying
Global Purpose Built Backup Appliance Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US$ 7.28 Bn. Forecast Period 2022 to 2029 CAGR: 9.25% Market Size in 2029: US$ 13.52 Bn. Segments Covered: by Component • Hardware • Software by System • Mainframe • Open by Enterprise • Large Enterprise • Small and Mid-level Enterprise by Vertical • Telecom & IT • BFSI • Manufacturing • Retail • Healthcare • Media & Entertainment • Government Purpose Built Backup Appliance Market by Region
• North America • Europe • Asia Pacific • South America • Middle East and AfricaPurpose Built Backup Appliance Market Key Players
• Asigra, Inc. • Barracuda Networks, Inc. • CommVault Systems, Inc. • Dell EMC • eFolder, Inc. • ExaGrid Systems, Inc. • FalconStor Software, Inc. • Fujitsu Ltd. • Hewlett Packard Enterprise Company • Hitachi Vantara Corporation • NetApp, Inc. • Oracle Corporation • Quantum Corporation • STORServer, Inc. • Unitrends, Inc. • Veeam Software • Vembu Technologies, Inc. • Veritas Technologies LLC. • Arcserve LLC Frequently Asked Questions: 1] What segments are covered in the Global Purpose Built Backup Appliance Market report? Ans. The segments covered in the Global Purpose Built Backup Appliance Market report are based on Component, System, Enterprise and Vertical . 2] Which region is expected to hold the highest share in the Global Purpose Built Backup Appliance Market? Ans. Asia Pacific region is expected to hold the highest share in the Global Purpose Built Backup Appliance Market. 3] What is the market size of the Global Purpose Built Backup Appliance Market by 2027? Ans. The market size of the Global Purpose Built Backup Appliance Market by 2029 is expected to reach US$ 13.52 Bn. 4] What is the forecast period for the Global Purpose Built Backup Appliance Market? Ans. The forecast period for the Global Purpose Built Backup Appliance Market is 2022-2029. 5] What was the market size of the Global Purpose Built Backup Appliance Market in 2021? Ans. The market size of the Global Purpose Built Backup Appliance Market in 2021 was valued at US$ 7.28 Bn.
1. Global Purpose Built Backup Appliance Market : Research Methodology 2. Global Purpose Built Backup Appliance Market : Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Purpose Built Backup Appliance Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Purpose Built Backup Appliance Market : Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Purpose Built Backup Appliance Market Segmentation 4.1 Global Purpose Built Backup Appliance Market, By Components (2020-2027) • Hardware • Software 4.2 Global Purpose Built Backup Appliance Market, By Systems (2020-2027) • Mainframe • Open 4.3 Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) • Large Enterprise • Small and Mid-level Enterprise 4.4 Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) • Telecom & IT • BFSI • Manufacturing • Retail • Healthcare • Media & Entertainment • Government 5. North America Global Purpose Built Backup Appliance Market (2020-2027) 5.1 North America Global Purpose Built Backup Appliance Market, By Components (2020-2027) • Hardware • Software 5.2 North America Global Purpose Built Backup Appliance Market, By Systems (2020-2027) • Mainframe • Open 5.3 North America Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) • Large Enterprise • Small and Mid-level Enterprise 5.4 North America Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) • Telecom & IT • BFSI • Manufacturing • Retail • Healthcare • Media & Entertainment • Government 5.5 North America Global Purpose Built Backup Appliance Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Global Purpose Built Backup Appliance Market (2020-2027) 6.1. Asia Pacific Global Purpose Built Backup Appliance Market, By Components (2020-2027) 6.2. Asia Pacific Global Purpose Built Backup Appliance Market, By Systems (2020-2027) 6.3. Asia Pacific Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) 6.4. Asia Pacific Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) 6.5. Asia Pacific Global Purpose Built Backup Appliance Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Global Purpose Built Backup Appliance Market (2020-2027) 7.1 Middle East and Africa Global Purpose Built Backup Appliance Market, By Components (2020-2027) 7.2. Middle East and Africa Global Purpose Built Backup Appliance Market, By Systems (2020-2027) 7.3. Middle East and Africa Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) 7.4. Middle East and Africa Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) 7.5. Middle East and Africa Global Purpose Built Backup Appliance Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Global Purpose Built Backup Appliance Market (2020-2027) 8.1. Latin America Global Purpose Built Backup Appliance Market, By Components (2020-2027) 8.2. Latin America Global Purpose Built Backup Appliance Market, By Systems (2020-2027) 8.3. Latin America Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) 8.4. Latin America Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) 8.5. Latin America Global Purpose Built Backup Appliance Market, by Country (2020-2027) • Brazil • Argentina • Rest of Latin America 9. European Global Purpose Built Backup Appliance Market (2020-2027) 9.1. European Global Purpose Built Backup Appliance Market, By Components (2020-2027) 9.2. European Global Purpose Built Backup Appliance Market, By Systems (2020-2027) 9.3. European Global Purpose Built Backup Appliance Market, By Network Enterprise (2020-2027) 9.4. European Global Purpose Built Backup Appliance Market, By Vertical (2020-2027) 9.5. European Global Purpose Built Backup Appliance Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Asigra, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Barracuda Networks, Inc. 10.3 CommVault Systems, Inc. 10.4 Dell EMC 10.5 eFolder, Inc. 10.6 ExaGrid Systems, Inc. 10.7 FalconStor Software, Inc. 10.8 Fujitsu Ltd. 10.9 Hewlett Packard Enterprise Company 10.10 Hitachi Vantara Corporation 10.11 NetApp, Inc. 10.12 Oracle Corporation 10.13 Quantum Corporation 10.14 STORServer, Inc. 10.15 Unitrends, Inc. 10.16 Veeam Software 10.17 Vembu Technologies, Inc. 10.18 Veritas Technologies LLC. 10.19 Arcserve LLC