Frequently Asked Questions
In 2022, the global Purpose-built Backup Appliance (PBBA) market was estimated to be worth USD 7.5 billion.
The Purpose-built Backup Appliance (PBBA) market is anticipated to develop at a 10.20% CAGR between 2023 and 2030, reaching USD 14.80 billion in 2030.
Hardware is the leading segment by component.
Open system is the leading segment by system.
The Telecom & IT segment is anticipated to expand at the fastest rate throughout the forecast period.
Asia Pacific is driving the growth of the Purpose-built Backup Appliance (PBBA) market.
The top players include Arcserve LLC, Asigra Inc., and Barracuda Networks Inc. Other major players include Oracle Corporation, Quantum Corporation, STORServer Inc., and Unitrends Inc.
The adoption of virtualization and cloud technologies, as well as the increased focus that businesses are placing on infrastructure for data protection and recovery, are the main factors driving the market’s growth.
The adoption of cloud-native backup solutions and worries about data sovereignty and compliance are the main factors limiting the market growth.
The market’s primary growth opportunities are rising data protection requirements and hybrid and multi-cloud setups.