Global Purpose-built Backup Appliance Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The Purpose-built Backup Appliance Market 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 Purpose-built Backup Appliance Market report is based on the 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 Market Overview:
“The Purpose-built Backup Appliance Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A purpose-built backup appliance is a standalone system used for disk-based storage purposes. In addition, these systems include data backup software that initiates data transfer and automated data restore and backup in integrated infrastructure.
Purpose-built Backup Appliance Market Dynamics:
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 the growth of the global purpose-built backup appliance market over the forecast period.
In addition, increasing integration of backup appliances in existing storage infrastructure to achieve high protection and recovery of a 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 the reduction of management costs. These are some other factors expected to boost the growth of the global purpose-built backup appliance market in the near future.
The 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 the growth of the global market during the forecast period.
Furthermore, the rising preference for cloud storage and increasing technological advancements in backup appliances in storage-based industries to control increasing infrastructure expenditure and achieve improved productivity are expected to fuel the growth of the target market over the next 10 years.
However, high costs associated with storage and backup technology and the availability of cost-effective substitutes are major factors expected to restrain the growth of the target market to a certain extent.
Purpose-built Backup Appliance Market Segment Analysis:
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 the 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 the high utilization of backup alliances for data recovery purposes.
Purpose-built Backup Appliance Market Regional Analysis:
Market in North America accounts for a major share in terms of revenue and is expected to maintain its position over the forecast period.
The high adoption rate for emerging IT technology infrastructure and the high presence of prominent players are key factors driving the growth of the target market in this region.
The Asia Pacific market is anticipated to witness the 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 the 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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