The new report by Expert Market Research titled, ‘Global Purpose-Built Backup Appliance (PBBA) Market Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global purpose-built backup appliance (PBBA) market, assessing the market based on its segments like components, enterprise, system, industry vertical, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 6.45 Billion
- Forecast CAGR (2023-2028): 9.9%
- Forecast Market Size (2026): USD 9.4 Billion
Purpose-Built Backup Appliance (PBBA) Industry Definition and Major Segments
Purpose-built backup appliance (PBBA) is a disk-based solution that improves backup procedures by reducing backup and recovery windows across numerous applications and operating systems.
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The components of the product can be divided into:
- Hardware
- Software
Based on enterprise, the industry can be divided into:
- Small and Mid-level Enterprises
- Large Enterprise
The system of the product can be divided into:
- Mainframe Systems
- Open Systems
The industry vertical can be categorised into:
- BFSI
- Telecom and IT
- Government
- Healthcare
- Education
- Manufacturing
- Travel and Hospitality
- Energy and Utility
- Others
The EMR report looks into the regional markets of the purpose-built backup appliance (PBBA) like:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Purpose-Built Backup Appliance (PBBA) Market Trends
Continuous advancements in backup methodologies, a shift to cloud storage, and the massive information boom are driving the global purpose-built backup application (PBBA) sector. The industry is also encouraged by businesses’ increasing focus on data security and recovery. Because of the increased demand for data storage from businesses, North America is the dominant market. Because of government rules and regulations involving data protection and data security, such as the General Data Protection Regulation, Europe is expected to expand at a quicker rate. The Asia Pacific area, on the other hand, is expected to be the leading market due to increased organisational awareness of data security, backup, and recovery.
Key Market Players
The major players in the market are Dell Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Oracle Corporation, Hitachi Vantara Corporation, and Veritas Technologies. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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