Global Purpose-built Backup Appliance Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Purpose-built Backup Appliance Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global purpose-built backup appliance market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global purpose-built backup appliance market report has been segmented on the basis of product type, component type, service type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global purpose-built backup appliance market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Purpose-built backup appliance is a standalone system used for disk-based storage purpose. In addition, these systems include data backup software that initiates data transfer and automated data restore and backup in integrated infrastructure.
Increasing concerns about enterprises data protection and recovery due to persistent threats, cyber threats, and cyber security breaches in various information technology (IT) organizations is a key factor expected to drive growth of the global purpose-built backup appliance market over the forecast period.
In addition, increasing integration of backup appliance in existing storage infrastructure to achieve high protection and recovery of large volume of data owing to various benefits of these appliances such as easy access, easy deployment, and single point of contact. In addition, growing demand for resiliency and high scalable appliances owing to their high flexibility, best fit size with existing infrastructure, and key role in reduction of management cost. These are some another factors expected to boost growth of the global purpose-built backup appliance market in the near future.
Growing popularity of software-based appliances in various industry sectors owing to beneficiary features offered by purpose-built backup systems such as, data deduplication, in-built encryption techniques, scalable compression methods, automated setup and maintenance, and redundant hardware components. This in turn is expected to proliferate growth of the global market during the forecast period.
Furthermore, rising preference towards cloud storage and increasing technological advancements in backup appliances in storage-based industries to control increasing infrastructure expenditure and to achieve improved productivity is expected to fuel growth of the target market over next 10 years.
However, high cost associated with storage and backup technology and availability of cost effective substitutes are major factors expected to restraint growth of the target market to a certain extend.
On the basis of product type, the mainframe systems segment is expected to dominate in the global purpose-built backup appliance market, owing to its standalone capability and high demand for purpose-built backup appliance integration. On the basis of component type, the virtual appliances segment is expected to dominate in the global market, owing to increasing adoption of cloud technology across the globe. On the basis of application, the IT segment is expected to dominate in the global purpose-built backup appliance market, owing to high utilization of backup alliances for data recovery purposes.
Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. High adoption rate for emerging IT technology infrastructure and high presence of prominent players are key factors driving growth of the target market in this region.
Asia Pacific market is anticipated to witness fastest growth in terms of revenue in the near future, owing to increasing security framework research and development activities in various sectors to achieve data integrity and protection in emerging countries in the region. Furthermore, a market in Europe is expected to register significant growth in the global market, owing to increasing adoption of cloud computing and rising focus on data privacy and security in storage-based organizations in countries in the region.
Global Purpose-built Backup Appliance Market Segmentation:
Segmentation by Product Type:
- Open Systems
- Mainframe Systems
Segmentation by Component Type:
- Virtual Appliances
- Physical Appliances
Segmentation by Service Type:
Segmentation by Application:
- Healthcare and Education
- Government and Utilities
- Transportation and Manufacturing
- Media & Communication Services
- Banking, Financial Services and Insurance (BFSI)
- Others (Food & Beverages, Retail, Real Estate)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Fujitsu Limited
- IBM Corporation
- Oracle Corporation
- Symantec Corporation
- CommVault Systems, Inc.
- Hitachi Vantara Corporation
- Quantum Corporation.
- Dell, Inc., (EMC Corporation)
- Barracuda Network Inc. (Thoma Bravo, LLC)
- Hewlett Packard Enterprise Development LP
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