Purpose Built Backup Appliance Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

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 marketis expected to grow with a CAGR of 10.5% during the forecast period from 2021 to 2029 The growth of the market is driven by the increasing demand among the enterprises for data protection and recovery infrastructure. As organization are shifting towards digitalization and the digital data among is growing exponentially, the need among the organizations for storage and recovery of the data also rises. This is acting is a major force driving the demand for the purpose built backup appliances among enterprises.

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

Mainframe is Estimated to Grow Significantly During the Forecast Period

The purpose built backup appliance market is segmented based on the system into mainframe and open system. The open system market accounted for more than 60% share in the PBBA market in 2020. The growth of the market is attributed to 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, mainframe platform is estimated to grow significantly during the forecast period due to their efficient storage management solutions.

North America is Leading the Purpose Built Backup Appliance Market

North America governed the purpose built backup appliance market with 35% share in the revenue in 2020. The growth of the market is driven by the increasing digitalization among the enterprises. The explosive growth of digital data among the enterprises is also augmenting the demand for the PBBA market. Furthermore, the growing adoption of the cloud computing and data analytics solutions is also fostering the 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 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

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. The report provides a holistic view of global purpose built backup appliance market based on component, system, application and geography. Key segments covered in the report are as follows:

Component Segment (2019-2029; US$ Bn)

• Hardware
• Software

System Segment (2019-2029; US$ Bn)

• Mainframe
• Open

Application Segment (2019-2029; US$ Bn)

• BFSI
• Government
• Healthcare
• Manufacturing
• Media & Entertainment
• Retail
• Telecom & IT
• Others

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of purpose built backup appliance in 2020 and forecast up to 2029?
• Which is the largest regional market for purpose built backup appliance?
• What are the major trends followed in purpose built backup appliance market across different regions?
• Who are the key companies in the purpose built backup appliance market?
• What are the key strategies adopted by the leading purpose built backup appliance companies in market?

Unique data points of this report

• Statistics on purpose built backup appliance and spending worldwide
• Recent trends across different regions in terms of adoption of purpose built backup appliance across applications
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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