Purpose Built Backup Appliance Market By Component (Hardware, Software), By System (Mainframe, Open), By Application (Government, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & It, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Increasing Demand Among the Enterprises for Data Protection & Recovery Infrastructure Driving the Growth of Purpose Built Backup Appliance (PBBA) Market

Globally, the purpose-built backup appliance market is expected to grow with a CAGR of 10.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. The market's growth is driven by the increasing demand among enterprises for data protection and recovery infrastructure. In addition, as the organization is shifting towards digitalization and the digital data among is growing exponentially, the need for storage and recovery of the data also rises. This is a major force driving enterprises' demand for purpose-built backup appliances. 

The integration of advanced technologies among the enterprises, such as cloud computing, Big Data, along with enterprise mobility, is also driving the demand for data recovery solutions among enterprises. However, the relatively high cost of the purpose-built backup appliance is a major constraint in the market growth. Moreover, an alternate solution for data backup recovery is also restricting market growth.

Market Synopsis

Mainframe is Estimated to Grow Significantly During the Forecast Period  

The purpose-built backup appliance market is segmented on the system into the mainframe and open systems. The open system market accounted for more than 60% of the PBBA market in 2018. The growth of the market is attributed to the capability of the open platform to adapt to any IT platform and infrastructure. Furthermore, the cost-effectiveness of the open platform, along with the flexibility of the platform, is also serving as a major force driving the market growth. However, the mainframe platform is estimated to grow significantly during the forecast period due to its efficient storage management solutions.

North America is Leading the Purpose Built Backup Appliance Market       

North America governed the purpose-built backup appliance market with a 35% share in revenue in 2018. The growth of the market is driven by the increasing digitalization among enterprises. In addition, the explosive growth of digital data among enterprises is also augmenting the demand for the PBBA market. Furthermore, the growing adoption of cloud computing and data analytics solutions is also fostering market growth.

The key players in the purpose-built backup appliance market are Arcserve LLC, Barracuda Networks Inc, Commvault Systems Inc, Dell Inc, Fujitsu Limited, Hewlett Packard Enterprise Company, Hitachi Vantara Corporation, IBM Corporation, NetApp Inc, Oracle Corporation, Quantum Corporation, and Veritas Technologies LLC.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The purpose-built backup appliance market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global purpose-built backup appliance market based on component, system, application, and geography. 

Frequently Asked Questions:

The market for Purpose Built Backup Appliance is expected to reach US$ XX Bn by 2027.

The Purpose Built Backup Appliance market is expected to see significant CAGR growth over the coming years, at 10.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Arcserve LLC, Barracuda Networks Inc., Commvault Systems Inc., Dell Inc., Fujitsu Limited. are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60018
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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