Purpose-built Backup Appliance (PBBA) Market Forecasts to 2028 – Global Analysis By Component (Hardware, Software), Enterprise (Large Enterprise, Small and Mid-Level Enterprise) and By Geography
According to Stratistics MRC, the Global Purpose-Built Backup Appliance (PBBA) Market is accounted for $5.85 billion in 2020 and is expected to reach $15.13 billion by 2028 growing at a CAGR of 12.6% during the forecast period. The continued advancements in backup technologies, BYOD trend necessitates focus on backup & recovery, and shift towards cloud storage threatens tape-based storage and big data boom are major factors driving the growth of the market. However, high initial cost & shortage of skills are hampering the market.
PBBA are widespread backup and recovery solutions that include software and hardware components such as file systems, disk, and object storage. PBBA systems are particularly designed for an enterprise to protect data for backing and recovery. PBBA is used to store and protect venture information in data centers or on hosted storage systems.
By system, open segment is experiencing considerable market growth, as open system is the computing platforms build by a variety of vendors in the market with open hardware and software standards. Open system supporting purpose-built backup appliances are easy to adapt to any IT environment. An open system is priced cheaper and is flexible to adapt to any IT environment of the enterprises drives the market for the open system in purpose-built backup appliances.
Based on the geography, Asia Pacific is dominating the market during the forecast period, owing to rising awareness among enterprise about data security, backup, and recovery. Data protection and security from external cyber-attacks are increasing in this region which is further providing growth in this province.
Some of the key players profiled in the Purpose-Built Backup Appliance (PBBA) Market include Arcserve, Asigra, Inc, Barracuda Networks, CommVault Systems, Inc., Dell EMC , eFolder, Inc, ExaGrid Systems, Inc., FalconStor Software, Inc, Fujitsu Ltd., Hewlett Packard Enterprise Company, Hitachi Vantara Corporation , International Business Machines Corporation, NetApp, Inc, Oracle Corporation.
• Large Enterprise
• Small and Mid-Level Enterprise
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Media & Entertainment
• Power & Utility
• Telecom & IT
• Travel & Hospitality
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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